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Ships Evacuate Spill Site as Tropical Storm Nears

Engineers prepared to abandon their vigil over BP’s broken oil well Friday as ships and rig workers evacuated the Gulf of Mexico ahead of Tropical Storm Bonnie.
Ships Evacuate Spill Site as Tropical Storm Nears

Govt to Lift Diesel Price Subsidies Despite Protests

Market pricing led to a 7.3% rise in the price of petrol, while state-set diesel rates, which were increased by 5% last week, may rise by a similar amount under market forces
Govt to Lift Diesel Price Subsidies Despite Protests

Price jump shocks coffee speculators

Speculators in commodities suffered multi-million dollar losses last week after the cost of robusta coffee jumped nearly 20 per cent in just three days
Price jump shocks coffee speculators

Gold drops for 3rd day on selling pressure

Standard gold declined by Rs85 per ten grams to close at Rs18,640 per ten gram
Gold drops for 3rd day on selling pressure

Oil Ends Lower on China, US Uncertainty

U.S. oil prices fell more than 2 percent Friday as an unexpected fall in may U.S. retail sales and easing industrial output in China revived concerns about the economy and oil demand.
Oil Ends Lower on China, US Uncertainty

?India to ease sugar stock limit for big buyers?

Hit by poor domestic supplies, India in February had barred large consumers like soft drink and confectionary makers from holding sugar stocks needed beyond 10 days
?India to ease sugar stock limit for big buyers?

Fearful of Political Risk, Changes to Global Growth

Investors are fearful of political risk, according to Louis Gargour from LNG Capital Friday. “Europe is not unified,” he said. he told CNBC that what is going on is a “global reassessment of growth”, and as a result all asset classes related to global expectations “have come off.”
Fearful of Political Risk, Changes to Global Growth

Sydney traffic congestion no worse: Campbell

Sydney’s traffic congestion has remained steady for almost 20 years, the state government says, even though businesses say higher costs associated with road delays are forcing them out of the city.
A survey of 382 NRMA business customers released today found 82 per cent believed road congestion in the NSW capital had worsened over the past [...]

Oil Settles Near $70 After Touching 5-Month Low

U.S. oil prices fell to a five-month low Monday on concerns about Europe’s economy, the weak euro, swollen U.S. oil inventories and that China’s growth may have peaked.
Oil Settles Near $70 After Touching 5-Month Low

Super tax could exacerbate supply/demand imbalances

There is big threat that this move will be replicated in other countries as an easy source of tax revenue with no immediate impact on voters
Super tax could exacerbate supply/demand imbalances