Michael Dunn News
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Canadian Natural Resources Ltd., the country’s third-largest energy company by market value, is forecast by analysts to rally further after fixing a problem- plagued oil-sands plant.
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Ford Motor Co.’s factories in Thailand are capable of producing eight times more vehicles than it sells locally. With help from a Thai government program, the automaker plans to make sure the excess capacity doesn’t become a liability like at its plants in Europe.
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Canadian heavy oil strengthened on the spot market as Imperial Oil Ltd. said sales from the Kearl oil-sands project will begin in the third quarter, later than some estimates.
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Each time An Fu Ford, a dealership in the western Chinese city of Chongqing, sells a car, workers fire a confetti cannon, showering the parking lot with colorful scraps of paper. There’s a lot of paper to sweep up these days.
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Canadian heavy oil for June delivery strengthened on the spot market as traders speculated that first delivery of supply from the Kearl oil-sands project may be delayed until the third quarter.
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The top U.S. commodity regulator is poised to impose new rules on oil speculators as Congress and the European Commission attempt to rein in trading in the $615 trillion over-the-counter derivatives market.
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The Chinese auto industry is overdue for consolidation and General Motors Co., with local partner SAIC Motor Corp., is interested in acquiring ailing automakers, according to four people familiar with the companies’ thinking.
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A mansion with a 4,000-bottle wine cellar in one of Sydney’s most exclusive waterfront suburbs is seeking a record A$50 million ($49 million) in a test of Australia’s luxury property market.
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Gary Gensler, chairman of the Commodity Futures Trading Commission, took his seat before a Senate appropriations subcommittee on May 4 to make his case for a $106 million budget increase.
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The top U.S. derivatives regulators voted 3 to 2 today to curb trading in oil, wheat, gold and other commodities after a boom in raw-materials speculation, record- high prices and years of debate and delay.
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