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Oil steady as traders wait for results from Fed policy meeting

BANGKOK - The price of oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to US$97.82 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell slightly after it climbed to $98.74, its highest level since mid-September, as stock and commodity markets wait for Fed policy-makers to meet this week.

Metals and agricultural futures prices slip; energy futures end mostly lower

NEW YORK, N.Y. - Metals prices are ending slightly lower, as are agricultural futures. Crude oil ended the week down 2 per cent. Gold for June delivery fell $5.20 to $1,386.60 an ounce Friday. Prices for silver, platinum, palladium and copper also fell. Crop prices were also slightly lower. In July contracts, wheat fell 5.75 cents to $6.975 a bushel, corn fell 4.75 cents to $6.5725 a bushel, and soybeans fell 23.25 cents to $14.7625 a bushel.

Nikkei climbs 1.6 percent to five-and-a-half-year high on BOJ optimism, Sony surges

TOKYO (Reuters) - The Nikkei average climbed 1.6 percent to a fresh 5-1/2-year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets. Earlier in the day, the Bank of Japan kept policy steady as widely expected, and upgraded its assessment of the economy, saying it "has started picking up," as Prime Minister Shinzo Abe's program of aggressive fiscal and monetary stimulus has boosted sentiment.

Commodities trade mixed; oil hit by rising US reserves

Global commodities traded with mixed results this week, with oil dented by record-high US crude reserves and the strong dollar, while investors braced for the results of a two-day finance meeting of the Group of Seven (G7) highly industrialised economies. Some commodities gained ground after positive economic data out of the United States and Germany,which also helped push the US and Frankfurt stock markets to record peaks.

TSX up amid higher commodities, bargain hunters buy up depressed resource stocks

TORONTO - The Toronto stock market registered a solid gain as traders snapped up stocks that were beaten down in value earlier this month. The S The advance came on top of a 1.3 per cent gain last week as bargain hunters stepped up after the index tumbled over two per cent in the previous week on signs of slower than expected growth in China and a big retreat in gold prices. The Canadian dollar rose 0.51 of a cent to 98.85 cents US.

Mayor facing raps for investment scam ordered arrested

The Iligan City Regional Trial Court has ordered the arrest of Pagadian City Mayor Samuel Co who is facing syndicated estafa in connection with Aman Futures pyramiding scheme.

China stock index futures close lower April 12

China's stock index futures closed lower on Friday, with the contract for April 2013, the most actively traded, down 0.35 percent from the previous trading day to 2,461.8 points. The May 2013 contract dropped 0.32 percent to 2,464.0. The June 2013 contract lost 0.36 percent to 2,460.0 points, while the September 2013 contract went down 0.41 percent to 2,466.6 points.The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from both gains and declines in the market.

China stock index futures close higher -- April 9

China's stock index futures closed higher on Tuesday, with the contract for April 2013, the most actively traded, up 0.40 percent from the previous trading day to 2,480.6 points.The May 2013 contract increased 0.37 percent to 2,480.8.

China stock index futures close lower -- April 8

China's stock index futures closed lower on Monday, with the contract for April 2013, the most actively traded, down 0.80 percent from the previous trading day to 2,463.8 points.The May 2013 contract declined 0.80 percent to 2,465.6.
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