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October 31, 2007
Canada's Dollar Rises to a 47-Year High as Crude Oil Advances
By Haris Anwar
Oct. 31 (Bloomberg) -- Canada's dollar rose to its highest since 1960 after the price of crude oil advanced and the country's gross domestic product in August exceeded economists' expectations.
Crude oil traded near $93 a barrel before the Federal Reserve's decision on interest rates. Economists surveyed by Bloomberg expect the Fed to cut U.S. interest rates, potentially weakening the dollar and making oil cheaper for foreign buyers. Commodities account for about half of Can... (3 KB) |
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October 31, 2007
Dollar Rises Most in 4 Weeks Versus Yen as U.S. Growth Quickens
By Min Zeng
Enlarge Image/Details
Oct. 31 (Bloomberg) -- The dollar rose the most in four weeks versus the yen after a report showed the U.S. economy unexpectedly accelerated in the third quarter, while the Bank of Japan cut its forecast for growth and inflation.
The U.S. currency pared some losses against the euro after touching a record low earlier, as the data led some traders to trim bets on how many times the Federal Reserve will lower borrowing costs this year after a likely cut tod... (5 KB) |
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October 31, 2007
Gold Rises on Demand for Dollar Alternative as Euro Rallies
By Pham-Duy Nguyen
Oct. 31 (Bloomberg) -- Gold rose as the euro rallied against the dollar, boosting the appeal of the precious metal as an alternative to the U.S. currency.
Before today, gold had climbed 23 percent this year, reaching a 27-year high of $798.30 an ounce on Oct. 29 as the dollar fell 8.7 percent against the euro. The 13-nation European currency reached a record $1.4467 today. Five of the past six bear markets for the U.S. currency have pushed gold higher.
''Gold has been... (2 KB) |
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October 31, 2007
Copper Gains in N.Y. as U.S. Economy Grows Faster Than Forecast
By Millie Munshi
Oct. 31 (Bloomberg) -- Copper rebounded, snapping a two- day slump, after a government report showed the U.S. economy grew faster than economists forecast in the third quarter.
Gross domestic product expanded at an annual rate of 3.9 percent in the quarter, the most since the first three months of 2006, the Commerce Department said today. Before today, copper declined 4.4 percent this month, partly on concern slower growth would damp demand in the U.S., the world's second-... (3 KB) |
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October 31, 2007
Crude Oil Rises Above $93 After Report Shows U.S. Supply Drop
By Mark Shenk
Oct. 31 (Bloomberg) -- Crude oil rose 3 percent and neared a record after an Energy Department report showed that U.S. inventories fell to a two-year low. Oil has advanced 14 percent this month.
Stockpiles dropped 3.89 million barrels to 312.7 million barrels last week, the lowest since October 2005, the department said. A 400,000 barrel gain was expected, according to a Bloomberg News survey.
''The bottom line is that there isn't enough sweet crude to meet demand,'' said ... (4 KB) |
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October 31, 2007
Newmont Mining 3Q Profit Doubles on 1-Time Gains, Narrows Gold Sales Outlook on Mine Costs
DENVER (AP) -- Newmont Mining Corp., one of the world's largest gold producers, said Wednesday its third-quarter earnings doubled on one-time gains from a joint venture settlement and a tax credit.
However, the company narrowed its gold sale expectations for the year, citing mining costs.
The company earned $397 million, or 88 cents per share in the third quarter, compared with $198 million, or 44 cents per share, in the year-ago quarter.
Revenue rose 49 percent to $1.65 billion.
Sha... (4 KB) |
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October 31, 2007
Mexican Silver Mines Increases Drill Program at Vallecillo
CALGARY, ALBERTA--(Marketwire - Oct. 31, 2007) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM - News; FRANKFURT:MSM - News; WKN:A0MSLE) is pleased to announce that the drilling program at Vallecillo has been expanded from eight holes to 12 holes. In the east, additional holes will be drilled to test the northeastward extension of the Dolores-San Pablo structural zone which is projected into an area covered and obscured by recent sediments. In the western part of the district, ad... (3 KB) |
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October 30, 2007
Cabo Announces Record Quarterly and Annual Results
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - Cabo Drilling Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE - News) today reported results for its fourth quarter and the fiscal year 2007 ended June 30.
4TH QUARTER & ANNUAL HIGHLIGHTS
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(CDN $000s, except earnings per share)
3 months 3 months
ending e... (17 KB) |
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October 24, 2007
New Dimension Finds New Gold Zone at Reese River Project, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2007) - New Dimension Resources Ltd. ("New Dimension") (TSX VENTURE:NDR - News) is pleased to announce that it has discovered a potentially significant gold zone at its Reese River Project located near Austin, Nevada. Two rock chip samples, each one metre in length, were taken from separate outcrops in the Amador Canyon portion of the property and reported assays of 9.8 g/t gold and 4.8 g/t gold. This is the first time that significant gold val... (6 KB) |
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October 09, 2007
Copper Rises After Forecast for Increased Demand From China
By Halia Pavliva
Oct. 9 (Bloomberg) -- Copper rose for the first time in four sessions in New York on speculation demand from China, the world's biggest buyer, will strengthen, further reducing stockpiles of the metal used in wires and pipe.
Demand from China may increase 6 percent next year, the Lisbon-based International Copper Study Group said yesterday. Copper stockpiles monitored by the London Metal Exchange, the world's biggest metals exchange, have dropped 28 percent this year.
'... (3 KB) |
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