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  • Experts tell panel why gas is so expensive in California

    Gouging by oil companies could be one reason California drivers pay about 76 cents more for a gallon of regular gas than motorists elsewhere in the nation, a state government panel was told Monday. Fuel ...

  • File photo of an employee arranging gold jewellery in the counter as her arm is reflected in the mirror at a gold shop in Wuhan

    Gold stayed near its highest since June at close to $1,200 an ounce on Tuesday, buoyed by uncertainty over global growth that has kept stock markets under immense selling pressure. * Spot gold was flat at $1,191.10 an ounce by 0037 GMT. * Bullion gained 5 percent last week, its biggest such increase since July 2013, boosting …

  • TOKYO (Reuters) - Japanese Economy Minister Nobuteru Ishihara said on Tuesday the yen has been gaining recently because investors consider it to be a relatively safe asset amid growing concern about the ...

  • Mexico names new heads of Pemex, health, social security Associated Press - 1 hour 10 minutes ago

    MEXICO CITY (AP) — A U.S.-educated economist took up the reins of state oil company Petroleos Mexicanos in one of several Cabinet changes announced Monday by President Enrique Pena Nieto.

  • Plains GP misses Street 4Q forecasts Associated Press - 3 hours ago

    The Houston-based company said it had profit of 11 cents per share. The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for ...

  • Figures on government spending and debt Associated Press - 3 hours ago

    Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.

  • Panhandle Oil & Gas reports 1Q loss Associated Press - 3 hours ago

    The Oklahoma City-based company said it had a loss of 17 cents per share. The oil and gas company posted revenue of $11.5 million in the period. Panhandle Oil & Gas shares have dropped 9 percent since ...

  • When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way. The "third arrow" of Abenomics -- reforms to make the economy more productive -- is barely a work in progress, but Abe got straight to …

  • Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration, in Beijing

    The dollar fell to a 15-month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness of the Bank of Japan's negative interest-rate policy drove investors back into the safe-haven currency. After gaining overnight, crude oil futures again fell, weighing on investor confidence and …

  • Oil tumbles after Saudi-Venezuela talks, WTI below $30

    OPEC, the 13-nation cartel in which Saudi Arabia is the biggest crude oil producer, has refused to cut output as it looks to maintain market share in the face of competition from US shale

  • Cyprus ends tender for medium-term gas supply Associated Press - 4 hours ago

    Cyprus' Natural Gas Co. says it has ended a two-year bid to find suppliers of natural gas to fire up the east Mediterranean island's main power plant. The company, or DEFA, said in brief statement Monday ...

  • Grain mostly lower, livestock lower Associated Press - 4 hours ago

    Grain futures were mostly lower Monday on the Chicago Board of Trade. Wheat for March delivery declined 8.25 cents to $4.5850 a bushel; March corn was 3.50 cents lower at 3.6225 a bushel; March oats were ...

  • Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich

    NEW YORK/LONDON (Reuters) - The price of gold jumped 2 percent to a 7-1/2-month high on Monday, briefly nudging above the psychological level of $1,200 an ounce, as sliding stock markets and worries over global economic growth prompted investors to seek safety. Stock indexes worldwide tumbled on persisting fears of a global …

  • Stimulus and oil responsible for eurozone growth: ECB

    An official from the European Central Bank, headquartered in Frankfurt, says the eurozone is not at fault for the uncertainties threatening the global economy

  • A man and vehicles are reflected in a price display at a gas station in Tokyo

    Oil prices fell for a third straight session on Monday, with U.S. prices piercing $30 a barrel again, as lingering concerns about oversupply deepened after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices. No tangible signs emerged from a meeting on Sunday between Saudi Arabia's …

  • Oil tumbles after Saudi-Venezuela talks, WTI below $30

    The oil market kicked lower in European deals as equities fell and doubts emerged over a long-awaited deal between OPEC and non-OPEC oil producing nations

  • Iran plans to turn itself into a major food exporter, hoping the lifting of sanctions will boost international trade and allow investment in the agricultural sector, an official in Iran's state grain buying agency said. Foreign business delegations have flocked to Tehran since the United States, European Union and United …

  • In this Feb. 5, 2016, photo, President Barack Obama speaks about the economy in the Brady Press Briefing Room of the White House in Washington. The main thing to know about Obama's final, $4 trillion budget is it comes on the same day as the New Hampshire primary, ensuring it gets minimal attention with all the focus on the White House contenders.(AP Photo/Pablo Martinez Monsivais)

    WASHINGTON (AP) — The main thing to know about President Barack Obama's final, $4 trillion budget is that it comes on the same day as the New Hampshire primary, ensuring it gets minimal attention with all the focus on the White House contenders.

  • Yellen will testify amid predictions of slower rate hikes

    Things looked so clear back in mid-December. The Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016. That was then. Panicky financial ...

  • MOSCOW (Reuters) - Iran will increase its share of the global oil market gradually, in order to avoid price volatility, RIA news agency quoted Iran's envoy to Moscow as saying on Monday. International ...

  • In this Saturday, Aug. 8, 2015, photograph taken near Idaho Springs, Colo., traffic flows through one of the newly-reconstructed twin tunnels along Interstate 70. Voter-sanctioned tax limits are threatening the state's growth, which depends on a functioning road system that has become crippled under the burden of an expanding population in recent years. (AP Photo/David Zalubowski)

    DENVER (AP) — By 2030, Colorado's population will grow from 5 million to 7 million people, thanks in part to a strong and diverse economy, the state's famed Rocky Mountain quality of life, and its constitutionally-mandated low taxes.

  • France's Total starts new gas production in North Sea fields

    Total's Elgin rig, 150 miles (240 kms) from Aberdeen in eastern Scotland

  • Diamond Offshore Drilling posts 4Q loss Associated Press - 14 hours ago

    On a per-share basis, the Houston-based company said it had a loss of $1.79. Earnings, adjusted for asset impairment costs, came to 89 cents per share. The results surpassed Wall Street expectations. The ...

  • Gold miners have been struggling as prices (XAU=) fell for the third straight year in 2015, hurt by the increasing strength of the dollar and the first rise in U.S. interest rates in nearly a decade. Randgold, which mines gold in Mali, Ivory Coast and the Democratic Republic of Congo, said profit from mining for the year …

  • Worker checks valve of oil pipe at Lukoil company owned Imilorskoye oil field outside West Siberian city of Kogalym

    Crude oil futures rose on Monday in thin trade as many Asian markets were on holiday for Lunar New Year, with few trading cues expected until Federal Reserve Chair Janet Yellen gives testimony to lawmakers later in the week. "The strength we saw in the middle of last week has not been completely overturned but the direction …

  • Gold chains are seen on display for customers at the Korea Gold Exchange in Seoul

    Spot gold stepped back on Monday from a three-month top hit the session before, after a U.S. jobs report cast some doubt over prospects for a quicker pace of rate hikes this year and pushed up the dollar. U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, …

  • MEXICO CITY (AP) — Mexico's state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight.

  • A mannequin stands in the window of a clothes shop in Leicester

    British consumer spending grew at its fastest rate in 8 months in January, helped by a rebound in clothing and footwear sales, figures from payment card company Visa Europe showed on Monday. Seasonally adjusted consumer spending rose by 2.7 percent year-on-year, the fastest rate since May 2015 and up from 2.2 percent in …

  • (Reuters) - Royal Dutch Shell (RDSa.L) reported restarting an unspecified unit at its Scotford, Alberta, facility on Sunday, according to a community alerting system. There will be intermittent flaring ...

  • The Japanese government fund may reduce its stake in Tokyo Electric Power Co <9501.T> to below 50 percent in 2017 if the company achieves its goals including its first bond issuance in six years, the company's president said. Tepco was saved from bankruptcy by the government in 2012 following reactor meltdowns at its Fukushima-Daiichi …

  • A rainbow is seen behind European flags during a euro zone EU leaders emergency summit in Brussels

    The euro zone needs to press ahead with structural reforms and closer integration, including an euro zone finance ministry, to deliver sustainable growth, the heads of the French and German central banks wrote in a German newspaper on Monday. In a guest article for the Sueddeutsche Zeitung entitled "Europe at a crossroads", …

  • Gas prices drop 8 cents over past 2 weeks, to $1.82 Associated Press - Sun, Feb 7, 2016 20:38 GMT

    CAMARILLO, Calif. (AP) — The average price of gasoline has dropped 8 cents over the past two weeks, to $1.82 a gallon.

  • Air Arabia profit slips 6 pct in 2015 AFP - Sun, Feb 7, 2016 15:27 GMT
    Air Arabia profit slips 6 pct in 2015

    Air Arabia says net profit fell 6% to 531 mn dirhams in 2015 although turnover rose slightly

  • Volkswagen sign is seen at a Volkswagen dealership in Carlsbad

    Volkswagen (VOWG_p.DE) will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs …

  • Dubai's Emaar Malls profit jumps 23 pct in 2015 AFP - Sun, Feb 7, 2016 13:05 GMT
    Dubai's Emaar Malls profit jumps 23 pct in 2015

    The view from the top of Emaar property group's Burj Dubai tower

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