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Oil prices fall below $94 a barrel after weekly survey shows crude inventories edge upward

BANGKOK - The price of oil fell below $94 a barrel Thursday after a survey showed crude inventories on the increase. Benchmark oil for June delivery was down 82 cents to $93.48 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 9 cents to finish at $94.30 a barrel on the Nymex on Wednesday.

Fact sheet: 2013 Mercedes-Benz GL350

2013 Mercedes-Benz GL350 Bluetec 4Matic BASE PRICE: $62,400. PRICE AS TESTED: $85,020. TYPE: Front-engine, four-wheel drive, seven-passenger, full-size, luxury sport utility vehicle. ENGINE: 3-litre, turbocharged, direct-injected, Bluetec diesel, 72-degree V-6. MILEAGE: 19 mpg (city), 26 mpg (highway). TOP SPEED: 130 mph. LENGTH: 201.6 inches. WHEELBASE: 121.1 inches. CURB WEIGHT: 5,467 pounds. BUILT AT:

Councillors, Oilers agree to split final $30M cost to green light new arena

EDMONTON - The on-again-off-again deal to build a new rink for the Edmonton Oilers is on — again. City councillors and the Edmonton Oilers have agreed to split the cost of the final missing $30 million needed to green light the wavy-shaped steel and glass structure in the city's downtown in time for the 2016-17 NHL season. Construction is slated to start in the spring of 2014. The city plans to pay off some of its debt through increased tax revenues from shops and businesses expected to spring up around the arena.

Perfect colourless diamond auctioned for record $23.5mn

A new colourless, pear-shaped diamond weighing 101.73 carats raked in a record 23 million Swiss francs ($23.5 million, 18.5 million euros) at a Christie's auction in Geneva late Wednesday. The price, which does not include tax or commission, is the highest ever paid for a flawless colourless diamond, according to the auction house, which had hoped the gem would go for $30 million.

Perfect colourless diamond auctioned for record $23.5mn

A new colourless, pear-shaped diamond weighing 101.73 carats raked in a record $23.5 million at a Christie's auction in Geneva Wednesday. The price, which does not include tax or commission, is the highest ever paid for a flawless colourless diamond, according to the auction house, which had hoped the gem would go for $30 million. apo-nl/gk

Foreigners sell long-term U.S. assets in March: Treasury

NEW YORK (Reuters) - Foreign investors sold long-dated U.S. securities in March, as Treasuries showed modest inflows after strong buying in previous months, data from the U.S. Treasury showed on Wednesday. Foreigners sold $13.5 billion of long-term U.S. securities during the month, after selling $13.3 billion in February. They bought $5.3 billion in Treasuries in March and $2.6 billion the previous month, but that was a significant reduction from inflows of $32.3 billion in January and nearly $30 billion in December.

Canada adds $75 million to growing pot of international donations for Mali

OTTAWA - Canada has added another $75 million to the international kitty to restore stability in Mali. The money will be allocated through a variety of international agencies for programs related to food security, nutrition, immunization and access to basic health and educational services. Canada's pledge comes as international donors meet this week in Belgium to chart a way forward for the west African country as it emerges from crisis.

Foreign holdings of US Treasury debt rose 0.7 per cent to record $5.76 trillion

WASHINGTON - Foreign demand for U.S. Treasury securities rose to a record level in March even though China, the largest foreign holder of Treasury debt, reduced its holdings slightly. The overall increase indicated that foreign investors remain confident in holding U.S. debt. The Treasury Department says total foreign holdings of Treasury securities increased 0.7 per cent in March compared with February to a record $5.76 trillion. That is an increase of 11.9 per cent over a year ago.

Records fall at Sotheby's contemporary art auction

A painting by Barnett Newman that Sotheby's described as an icon of Abstract Expressionism sold Tuesday in New York for a record $43. 84 million at an auction peppered with stunningly expensive works. "Onement VI" consists of two vibrant blue rectangles neatly divided by a single, light blue line, an arrangement that Sotheby's called "a portal to the sublime."

Records fall at Sotheby's contemporary art auction

A painting by Barnett Newman that Sotheby's described as an icon of Abstract Expressionism sold Tuesday in New York for a record $43. 84 million at an auction peppered with stunningly expensive works. "Onement VI" consists of two vibrant blue rectangles neatly divided by a single, light blue line, an arrangement that Sotheby's called "a portal to the sublime."
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