Oil was steady near $74 on Friday, headed for a third consecutive weekly drop, as the recovery of the US economy has yet to boost fuel demand. The US economy probably grew at an annual

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US gold futures ended weaker on Thursday, touching a near three-month low as a dollar rise and uncertainty about how US President Barack Obama's proposal to limit risk taking by banks could affect gold trading.

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Gold prices moved away from near three-month lows on Friday but remained under pressure, hurt by a rising dollar and waning risk appetite among investors. The euro's extended fall against the greenback to its lowest

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Toyota Motor Corp faced US Congress scrutiny over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota's woes, also said it would recall thousands of cars world-wide. Honda said

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British house prices jumped at their sharpest pace in five months in January and consumer confidence rose more than expected, in a sign the economy got off to a good start in the new year.

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Federal Reserve chief Ben Bernanke won confirmation Thursday to a second term as the US central banker, despite sharp attacks on his role before the 2008 financial meltdown and in its aftermath. After a bitter

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Japan's oil product sales last year fell at their swiftest pace in 27 years and consumption in December hit a 24-year low for the month, capping off a year in which a recession and diversification

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US President Barack Obama unveiled a 33-billion-dollar package of tax cuts Friday to encourage small businesses to hire new workers, as he takes aim at 10 percent unemployment. Obama, who has made job creation the

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Banks in the eurozone expect to continue toughening their credit rules for firms and households in the first part of 2010, despite hopes the tightening cycle had peaked, the European Central Bank said on Friday.

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The state-owned Hungarian Development Bank set up a joint venture with the Russian energy giant Gazprom in Budapest on Friday, laying the groundwork for the construction of the local stretch of the planned South Stream

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