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Oil Companies Make Profits At Record-Breaking Levels, U.S Oil Drilling Analysist
With a sign in the background verifying the high price of gasoline, U.S. Sen. Dick Durbin called for curbing excessive speculation in the oil market, which he said is responsible for the continuing escalation of prices at the pump.
He said it’s not just supply and demand that is governing the rapid rise in gasoline and [...]
Metals Trade and Market Rebound on Strong China Growth
The industrial metals market rebounded Thursday as investors set aside concerns about sluggish U.S. economic growth and shifted their focus to China’s increasing hunger for raw materials.
Commodities prices rose broadly, with gains in energy, precious metals and agricultural products.
China said Thursday its economy grew a buoyant 11.5 percent in the third quarter, down slightly from [...]
China mixes rice and neo-colonialism
When China, one of the world’s most corrupt countries, starts dishing out tens of billions of US dollars in aid and business contracts in Africa, the world’s most corrupt continent, alarm bells go off in Washington and other Western capitals. The fact that China turns a blind eye to widespread human-rights abuses on the continent [...]
De Beers near to concluding Namibia sales contract – report
De Beers is nearing the finalising of protracted negotiations for the renewal of a five-year sales contract in Namibia, PolishedPrices.com reports.
At the interim results conference last week, De Beers‚ managing director Gareth Penny said the negotiations were constructive and progressing well.
Namibia is the last of the three Southern African countries, incorporating Botswana and South Africa, [...]
