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Exxon, Shell growth now led by natural gas

Exxon Mobil and Royal Dutch Shell Plc reported strong growth in production on Thursday after years of largely falling output, helping to send second-quarter profits soaring.

Shell Q2 profits double, upping asset sales

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Royal Dutch Shell Plc said second-quarter profits doubled thanks to high oil prices and bigger than expected restructuring gains and unveiled a plan to boost asset sales, echoing a plan from rival BP .

Gold holds firm as low prices attract buyers

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Gold steadied on Thursday, with price-sensitive physical buying keeping the metal off the last session's three-month lows, but a revival in appetite for assets seen as higher risk took the heat out of safe-haven demand.
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Euro at 12-week high vs dollar in month-end buying

The euro hit a 12-week high against a broadly weaker dollar on Thursday as month-end demand helped pushed the single currency above a key technical barrier. A jump in euro zone economic sentiment to a 28-month high and a decline in German unemployment supported the euro's gains.
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After crisis, firms fuel spark of European optimism

A string of Europe's largest firms issued surprisingly upbeat profit reports on Thursday, bolstering an abrupt renewal of investor confidence in the region after months of debt turmoil and fears for the euro.
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Euro hits 11-week high versus broadly weak dollar

The euro hit an 11-week high against a broadly weak dollar on Thursday as month-end demand for the single currency helped push it above a key barrier. The euro remained supported by firm euro zone data, with figures on Thursday showing euro zone economic sentiment jumping to a 28-month high, while German unemployment declined for the 13th consecutive month.
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Oil steady near $77 after sharp U.S. inventory gain

Oil was steady at around $77 on Thursday after falling the previous day on weak durable goods data and the biggest weekly increase in crude inventories for nearly two years in the United States. U.S. crude stocks surged 7.31 million barrels last week as imports jumped, government statistics showed on Wednesday, while the nation's gasoline and distillate stocks including diesel gained for the fifth and ninth consecutive weeks respectively.
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Gold rises as price dip sparks demand

Gold firmed in Europe on Thursday as some buyers were tempted back to the market by the precious metal's fall to three-month lows, while the weaker dollar also helped support prices. European investment remained lackluster as risk appetite sharpened, however, while the world's largest gold-backed exchange traded fund reported a hefty outflow on Wednesday.
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Jobless claims fall 11,000 last week

New U.S. claims for unemployment benefits fell slightly more than expected last week, government data showed on Thursday, offering a ray of hope for the anemic labor market recovery.
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Is fear driving people to invest in gold?

Is it the best time to invest in gold, the hottest commodity in the world? Gold price has been moving up for the last several years and investors have been making money out of the yellow metal.
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Wall Street futures point to higher open as data eyed

Wall Street futures pointed to a firmer start for equities, after gains in Europe. The Dow closed lower in the previous session on weak durable goods data and a downbeat assessment of the economy from the Fed's Beige Book.
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Wall St futures point to higher open as data eyed

Wall St futures pointed to a firmer start for equities, after gains in Europe. The Dow closed lower in the previous session on weak durable goods data and a downbeat assessment of the economy from the Fed's Beige Book.
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AstraZeneca doubles buyback as Brilinta shines

AstraZeneca doubled its 2010 share buyback program on Thursday, after posting strong results and winning an endorsement from a U.S. advisory panel for its potential blockbuster heart drug Brilinta.
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Hyundai sees demand sliding after record Q2

Hyundai Motor Co , South Korea's top automaker, warned global car demand will likely ease in the second half due to a slowdown in key markets such as China, Europe and the United States, sending its shares lower.
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Stocks up on earnings as dollar hits 3-month low

Robust quarterly earnings from Europe drove world stocks higher on Thursday, while the dollar hit a three-month low on the back of weak U.S. data and a downbeat assessment of the economy from the Federal Reserve.
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Hyundai posts record Q2 profit

Hyundai Motor Co , South Korea's top automaker, said its quarterly net profit rose 71 percent to a record high, beating estimates on healthy demand in the United States and China.

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