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Oil prices fell on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter.Salman was quick to retain veteran Saudi oil minister Ali al-Naimi on Friday, in a message aimed at calming a jittery energy market following the death of King Abdullah last week.March ...
A commitment by India to channel immediate costs from any nuclear accident to a power plant's operator represents a "breakthrough," the head of U.S. nuclear power station maker Toshiba-backed Westinghouse told Reuters on Monday.Speaking after the leaders of India and the United States struck a summit deal on civil nuclear cooperation, CEO Daniel Roderick said he was looking for more clarity on how ...
Higher gold prices have limited buying interest in top consumer China to some extent in recent days, but demand remained stronger than last month due to the upcoming Lunar New Year holiday, traders and dealers said.Premiums in Shanghai were $2-$3 an ounce on Monday and last week. Local prices were as high as $7 above the global benchmark earlier this month.Gold climbed to a five-month high of $1,306.20 ...
Gold reversed earlier gains on Monday as a stronger dollar offset safe-haven demand following an electoral win by Greece's anti-austerity party that sparked fears of renewed instability in Europe.Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap election on Sunday, was set to become prime minister of the first euro zone government openly opposed to bailout conditions ...
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