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China Slams EU Ban on Iran Oil

China Thursday criticized the European Union for banning oil imports from Iran, Beijing's third biggest crude supplier and a major trading partner.

Brent Crude Oil Falls Below $100 on Recession Fears

Brent crude slipped below $110 on Wednesday as recession fears, partly rekindled by stalled Greek debt talks, weighed on the outlook for demand, while threats by Iran to respond to European sanctions by shutting a vital trade route supported prices.
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Natural gas burns in a stove

Natural-Gas Prices Hit 10-Year Low

The reason for the decline? Warmer-than-normal winter temperatures has dampened demand, and rising natural-gas inventories have taken their toll on the commodity's value, according to the U.S. Energy Information Administration.

Schlumberger 4Q Soars 36%, Beats Wall Street View

Schlumberger Ltd (SLB.N), the world's largest oilfield services company, reported a 36 percent rise in quarterly earnings, beating Wall Street forecasts, but it warned that Europe's debt crisis could hurt economic growth and trim oil demand.
Gold bars in Hong Kong

Gold Prices Lower on Stronger Dollar, Weaker Crude Oil

Gold prices edged lower Friday as an increasingly stronger dollar made the metal more expensive for non-U.S. buyers and some investors decided to book profits on what is shaping up to be a robust start to the year.
General Electric

General Electric Earnings Report Expected to Show More Growth in 4Q

General Electric, the U.S.'s largest industrial manufacturer, is expected to report a 22.3 percent fourth-quarter profit increase when it announces its earnings Friday, driven by strong equipment order and pricing trends and growth in the aviation and energy infrastructure sectors. It marks the seventh straight quarter of operating earnings growth.
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Top Five Drivers of India's Inflation

Observers of India's economy may wonder why inflation has persistently remained high over recent years - much higher than that in many other Asian economies.
Shoppers walk past a clothing store window advertising sales during the first day of the winter sales in Nice

Eurozone Inflation Dips, Opens Door to ECB Cut

Consumer prices in the Eurozone fell more than previously expected in December, the start of a retreat from a November peak that should give the European Central Bank more room to cut interest rates as the economy heads for recession.
FTSE 100

European Stocks Struggle, Then Close Modestly Higher

European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.
Gold pellets

Gold Prices Firm above 200-Day Moving Average

Gold firmed in Europe on Monday, rising back above $1,640 an ounce, as a recovery in stock markets and the euro took some downward pressure off prices, with traders digesting last week's mass downgrade of euro zone countries from Standard & Poor's.


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