Oil jumped more than 3 percent on Monday after an Iranian military commander reportedly called for an oil boycott over Israel’s ground offensive in the Gaza Strip and on concerns over the deepening Russian gas supply row.
Wall Street’s strong start to the new year on Friday and mounting evidence of OPEC’s compliance with deep production […]

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The US national debt is expected to jump by as much as $2 trillion this year, thus putting more pressure on the American economy, a leading daily here said.
At present, the country’s debt stands at nearly $10.7 trillion. Of this $3 trillion is held by foreign investors, with China ($652.9 billion) and Japan ($585.5 billion) […]

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Oil prices ended higher on the first day of 2009 trading as investors focused on commodities amid tensions over Israel’s onslaught on Gaza, and a Russia-Ukraine gas row.
New York’s main contract, light sweet crude for February, rose $1.74 from its closing price on Wednesday to end at $46.34 on Friday on the New York Mercantile […]

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Toyota Motor Corp is secretly developing a vehicle that will be powered solely by solar energy in an effort to turn around its struggling business with a futuristic ecological car, a top business daily reported.
The Nikkei newspaper, however, said it will be years before the planned vehicle will be available on the market. Toyota’s offices […]

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Ukraine has sent a note to the Russian embassy in Kiev calling on Moscow to “immediately resume” talks to resolve the gas crisis, Ukraine’s presidential administration officials said.
“The note contains a proposal to immediately resume talks and suggests inviting representatives from the European Commission” in reaching a new gas accord, Ukraine’s presidential representative on energy […]

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