THE son of Libyan leader Muammar Gaddafi has warned his country is on the verge of civil war after protesters seized control of military bases and tanks. But while he admitted mistakes had been made in a brutal crackdown by his father’s regime, Seif al-Islam Gaddafi said there woul…

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ICE Brent crude futures climbed above $105/barrel Monday as the deepening political unrest in Libya began to affect the country’s oil production, up $2.36/b from Friday’s close. US light crude futures on NYMEX surged by $3.30/b to $89.50/b. Prices subsequently dropped back, w…

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British firm to buy 30% in RIL’s oil & gas fields, investment may touch $20 bn. In the biggest foreign direct investment (FDI) into India, BP, the world’s fourth-largest energy company, will pay $7.2 billion for a 30 per cent stake in 23 oil and gas blocks of Reliance Industries…

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The government has bowed to opposition demands for a Joint Parliamentary Committee (JPC) investigation into a major telecom corruption scandal, lawmakers said on Sunday, in a move to end months of deadlock and ensure passage of the upcoming Budget. Prime Minister Manmohan Singh is accuse…

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Saturday Cairo: Egypt’s military leadership vows to oversee a “peaceful transition” to democracy and pledges its commitment to all international treaties, a day after Hosni Mubarak bowed out as President in the wake of an unprecedented uprising against his 30-year rule….

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Gold rose, silver gained to a 30- year high and palladium jumped to the highest price in almost 10 years on demand for precious metals to hedge against declines in other assets because of unrest in the Middle East. At least five people have been killed since demonstrations against Bahrai…

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Markets likely to open flat, resistance at 5580, support 5450 Sell Bombay Dyeing on rise for a target of 345 – (book profit in bombay dyeing at 354) 1.45 pm – buy bajaj electric in small quantity at 224, target: 229-231. stoploss: 219 Read More..

By Glen Carey and Mohammed Hatem (Updates with Amnesty International comment in ninth paragraph, markets in 11th and 12th.) Feb. 15 (Bloomberg) — Rallies in Bahrain to demand democracy and an end to discrimination against the Shiite Muslim majority escalated after the death of a s…

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Corruption and inflation were major concerns among Indian investors, according to a survey done by ValueNotes on behalf of JP Morgan Asset Management in December. However, investors were less worried about the global economy, keeping the overall confidence high, the survey showed. Also…

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Tata Motors has rallied 5% to Rs 1,199 after reporting almost four-fold jump in its consolidated net profit to Rs 2,424 crore for the quarter ended December 31, 2010, beating market forecasts. Net profit in the year-ago period stood at Rs 650 crore profit. Consolidated net sales for the …

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