Oil prices steady, OPEC cuts countered by slow progress
LONDON, Feb 11 (Reuters): Oil prices were steady on Monday as support from OPEC-led supply restraint was countered by an uptick in US drilling and concerns about demand due to the slow progress in US-Chinese trade talks.Benchmark Brent oil was little changed, up 3 cents at $62.13 a barrel at...
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Long-haul New Zealand-China flight forced back mid-flight
WELLINGTON, Feb 11 (AFP): A passenger plane flying from Auckland to Shanghai was forced to turn back after some five hours in the air because it did not have permission to land, officials said Sunday.Passengers said the captain informed them mid-flight the Air New Zealand plane was not allowed to...
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Venezuela turns its useless bank notes into gold
EL CALLAO, Feb 11 (Reuters): Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.With the country's economy in meltdown, an estimated 300,000 fortune hunters have descended on this mineral-rich jungle area to earn a...
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China iron ore rises over Brazilian supply
BEIJING, Feb 11 (Reuters): China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country's second-largest ore supplier, may decline after a fatal dam accident at a Vale mine.The most-active iron ore futures for May...
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