Red-Hot Resources

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Wednesday, May 09, 2007

News You Can Use for Wednesday

Growth Outlook in U.S. Dims as Consumer Spending Cools, Economists Say A pickup in U.S. economic growth is becoming more elusive as climbing gasoline prices, falling home values and fewer jobs restrain American consumers, according to economists surveyed by Bloomberg News this month.

Bernanke May Seek Clearer Interest-Rate Signal After Confusing Investors Federal Reserve Chairman Ben S. Bernanke may today seek a clearer signal on interest rates after confusing investors with the central bank's last policy statement.

S&P/ASX 200 Rises to Record High; Rio Tinto Jumps on Takeover Speculation Australian stocks rose to a record. Rio Tinto Group surged on speculation BHP Billiton Ltd., the world's biggest mining company, made a takeover bid for its smaller rival.

Nickel Rises to Record in London as Inventories Fall; Copper, Zinc Gain Nickel rose to a record in London after inventories of the metal slumped as demand increased from stainless-steel makers. Copper, zinc and aluminum also gained.
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