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Commodity Markets


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Oil surges $2 to near $109 on hurricane threat

PERTH, Sep. 7, 2008 (Reuters) — Oil jumped than $2 to near $109 a barrel on Monday, rebounding from a five-month low on worries that Hurricane Ike would tear through the Gulf of Mexico, and on hopes that a U.S. bailout of its top mortgage lenders would help temper an economic downturn. ...  > full story

GSE rescue could scare bears

NEW YORK, Sep. 7, 2008 (Reuters) — Bears have reigned supreme on Wall Street so far in September thanks to growing concern about economies worldwide, but their grip on stocks faces a big challenge after the U.S. government's weekend seizure of control of mortgage finance giants Fannie Mae and Freddie Mac. ...  > full story

Futures soar after U.S. takes over GSEs

NEW YORK, Sep. 7, 2008 (Reuters) — Stock index futures surged on Sunday, pointing to a sharply higher open when Wall Street opens on Monday, after the U.S. government seized control of troubled mortgage finance companies Fannie Mae and Freddie Mac . ...  > full story

Light, or train, at end of tunnel?

NEW YORK, Sep. 7, 2008 (Reuters) — For weeks the U.S. economy appeared to be approaching the light at the end of a tunnel, but now it seems the light may be an oncoming train. ...  > full story

Dollar resurgence and emerging decline

LONDON, Sep. 7, 2008 (Reuters) — Investors are likely to be wrestling this week with two new factors that have arisen to complicate an already tricky environment -- a sharp about-face in currency trading and signs of trouble in emerging markets. ...  > full story

Continental introduces $15 fee for 1st checked bag

NEW YORK, Sep. 5, 2008 (Reuters) — Continental Airlines Inc said on Friday it will charge a $15 service fee for a first checked bag for certain customers who buy economy-class tickets. ...  > full story

Fed officials see soft economy; point to rate hold

SALT LAKE CITY, Utah, Sep. 4, 2008 (Reuters) — Senior Federal Reserve officials on Thursday said the U.S. economy seems on the verge of another slowdown while the most severe inflation threats may have passed, hinting that the central bank could keep interest rates at current levels for some time. ...  > full story

Services, productivity up but job market weak

NEW YORK, Sep. 4, 2008 (Reuters) — The dominant U.S. service sector improved last month and businesses boosted productivity in the second quarter but evidence of labor market weakness overshadowed other data the day before a key jobs report. ...  > full story

Fed's Yellen: Can't totally rule out a rate cut

SALT LAKE CITY, Utah, Sep. 4, 2008 (Reuters) — San Francisco Federal Reserve Bank President Janet Yellen said on Thursday that another cut to benchmark interest rates was unlikely, but cannot be completely ruled out. ...  > full story

EIA says not aware of oil data probe

WASHINGTON, Sep. 4, 2008 (Reuters) — The Energy Information Administration said on Thursday it is unaware of any investigation by federal market regulators of the agency's weekly report on oil inventory levels. ...  > full story
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