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Crude Oil Declines for First Day in Four as Dollar, Stockpiles
Increase |
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Crude oil fell for the first day in four after the Federal Reserve
raised the discount rate, pushing the dollar higher and damping
investor demand for commodities. |
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Watsa's Fairfax Buys Workers' Compensation Insurer Zenith for
$1.3 Billion
Fairfax Financial Holdings Ltd., the Canadian insurer run by Prem
Watsa, agreed to buy Zenith National Insurance Corp. for about $1.3
billion in cash, adding sales in California. The deal is the biggest
in Fairfax’s two decades under Watsa. |
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Reliance May Bid More Than $14.5 Billion for Lyondell, Economic
Times Says |
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Reliance Industries Ltd., India’s biggest company by market value,
is planning to increase its bid for bankrupt LyondellBasell
Industries AF to more than $14.5 billion, the Economic Times
reported, citing unidentified people. |
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Bharti May Sell Shares to SingTel to Fund Zain Asset Purchase,
Times Says |
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Bharti Airtel Ltd. may sell shares to Singapore Telecommunications
Ltd. to part fund its purchase of Zain’s Africa assets, the Economic
Times reported, citing a person familiar with the matter that it
didn’t name. A Bharti spokesperson declined to comment and a SingTel
spokesperson said it’s premature to talk about funding, the
newspaper said. |
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| Latest News |
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Copper Climbs for Second Day on China
Demand Outlook; Aluminum, Zinc Gain |
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Thailand,
Indonesia and Malaysia Plan
Rubber-Price Support, Apichart Says
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