National Business

at 4:38 on March 12, 2010, EDT.

IEA lifts oil demand forecast as Chinese growth offsets flagging OECD demand

PARIS, France - World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its forecasts.

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at 4:37 on March 12, 2010, EDT.

Asian stocks mixed as investors await more clues; European shares inch higher

HONG KONG - Asian stocks were mixed Friday as investors held out for additional clues to the strength of economic recovery. European shares rose in early trade.

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at 4:36 on March 12, 2010, EDT.

Oil hovers above $82 as month-long rally loses momentum amid weak crude demand

SINGAPORE - Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a month-long rally is justified amid evidence of weak U.S. crude demand.

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at 4:34 on March 12, 2010, EDT.

India industrial output surges in Jan, fourth month of double digit expansion

MUMBAI, India - India's factory output surged 16.7 per cent in January from a year earlier - its fourth month of double-digit expansion - as government measures to stimulate demand give way to a deepening economic rebound, official figures showed Friday.

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at 4:33 on March 12, 2010, EDT.

Norwegian fertilizer group Yara won't up bid for Terra after higher CF offer

OSLO, Norway - Norwegian fertilizer company Yara International ASA says it will not increase its offer to acquire U.S. competitor Terra Industries after Terra's board chose to favour a higher bid from CF Industries.

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at 23:53 on March 11, 2010, EDT.

17th case of mad cow disease delays Canada's movement into better risk status

EDMONTON - The president of Canada Beef Export Federation says the country's 17th case of mad cow disease has not affected markets.

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at 21:37 on March 11, 2010, EDT.

Regulators shut down LibertyPointe Bank; makes 27 bank failures this year

WASHINGTON - U.S. regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.

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at 21:36 on March 11, 2010, EDT.

Exports forecast to remain strong even as rebounding economy pushes imports up

WASHINGTON - U.S. exports dipped in January, the government said Thursday, but economists weren't fazed. They predict export growth will be a bright spot for American manufacturers through the rest of 2010.

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at 21:33 on March 11, 2010, EDT.

SEC chairman calls for Congress to put new oversight on derivatives

WASHINGTON - The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage.

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at 20:49 on March 11, 2010, EDT.

Power Corp. of Canada reports Q4 profit, as revenue falls from year ago

MONTREAL - Power Corp. of Canada said Thursday it earned $54 million in its latest quarter as revenue dropped.

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