Commodities News
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Shareholders in Xstrata Plc shouldn’t expect that a takeover by Glencore International Plc will deliver a windfall if the history of the deals that created two of its biggest rivals is any guide.
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Oil traded near a five-week high in New York after reports that Iran halted shipments to Europe and crude inventories declined for the first time in four weeks in the U.S., the world’s biggest consumer of the commodity.
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The “Taste of Iowa” menu for Chinese Vice President Xi Jinping’s dinner in Des Moines tonight isn’t going down well with nutritionists. They say bacon- lettuce-and-tomato bites and potatoes stuffed with white cheddar are dietary perils high in calories, sodium and saturated fat.
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Vale SA, the world’s second-largest mining company, said fourth-quarter profit fell 20 percent, missing analysts’ estimates, as metal prices declined.
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