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Friday, February 15, 2008

News You Can Use for Friday

First, the biggest bull market of all -- Agriculture ...

Commodities to Rise This Year, Led Up by Agriculture, Merrill Lynch Says Agricultural commodities and precious metals may gain in 2008 as demand from emerging economies surges and investors look for alternatives as the dollar and equities decline, Merrill Lynch & Co. said.

Soybeans, Soybean Oil at Record After Storms Ravage China Rapeseed Crop Soybean and soybean oil futures in Chicago soared to a record on speculation demand from China will climb after winter storms damaged the nation's rapeseed crop.


China January Trade Surplus Up 22.7 Pct
China's trade surplus grew by 22.7 percent in January over the same month last year as foreign demand for exports stayed strong despite worries about slowing global growth, according to data reported Friday.

India Can Sustain Close to 9% Economic Growth, Prime Minister Singh Says India, Asia's third-largest economy, can sustain close to 9 percent economic growth, Prime Minister Manmohan Singh said, reiterating the government's target for average expansion in the next few years.


NMDC Plans to Buy Iron-Ore Mine in Canada to Secure Supply of Raw Material NMDC Ltd., India's biggest iron-ore producer, plans to buy a deposit in Canada in its first overseas venture, as it seeks to increase supply of the steelmaking raw material.

Britons Pray for Lead Price Drop to Stop Plunder of Historic Church Roofs Peter Bramley stands in the tower of Hemingbrough Minster and looks down at the plastic sheeting that covers a hole in the church's roof from which thieves ripped 20 square meters of lead.


Crude Oil Trades Little Changed on Signs of Asia Demand, Less OPEC Supply Crude oil was little changed after rising to a one-month high in New York on signs of sustained economic growth in Asia and reduced OPEC output.

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