Oil poised for the highest level in three months after U.S. House introduces budget bill

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Source: Bloomberg
Oil climbed, setting for a three-month high, as the U.S. Congress passed a Senate-approved decision that would prevent tax increases and spending cuts that endangered further growth of the U.S.A. Crude for February settlement increased to $92.85 a barrel, up $1.03, while Brent oil for February delivery climbed 83 cents, or 0.8%, to $111.94 a barrel. 
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Wed, 02 Jan 2013 12:51:50 GMT

Taiwan Dollar advances to the most in seven weeks amid U.S. budget optimism

Taiwan's Dollar soared to the highest in seven weeks as the U.S. Congress launched a budget bill which may prevent $600 billion in tax increases and spending cuts. The currency climbed 0.4% to NT$29.014 versus the greenback, after touching NT$29.005, the highest point since November. The Taiwan Dollar strengthened 4% in previous year as overseas investors increased their holdings of

Wed, 02 Jan 2013 11:45:50 GMT

British Manufacturing PMI at its 15-months high

British Manufacturing PMI climbed to its highest level since September 2011, adding to signs the economy has started growing at the end of 2012. The Markit Manufacturing PMI advanced more than expected in December to 51.4 from 49.2 the prior month. However, manufacturing composes only 10% of the UK's output. "UK manufacturing exited 2012 on a positive note, with

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