Commodities News
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Commodities fell for a third day, paced by declines in copper and oil, as manufacturing in China unexpectedly shrank for the first time in seven months and the head of the Federal Reserve hinted that stimulus may be tapered.
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Gold capped the biggest gain in almost a month on signs that Chinese manufacturing will slow in May for the first time in seven months, sparking a drop in global equities and increased demand for bullion as a protection of wealth.
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Sherritt International Corp., a Canadian mining and energy company with operations on four continents, is considering options including selling assets or restructuring the business to improve its value.
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Energy price-reporting organizations including Platts said they ordered independent reviews of their methods after calls by regulators last year to safeguard against market manipulation.


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