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Oil prices fall, but positive gain posted for week

Oil prices fell 4 percent in late trade, giving up most of the previous day's rise as traders recognised that a tropical storm was behind the slump in US crude oil stocks. However, for the full week the market posted a gain of 3 percent,…

Wholesale inventories unchanged month on month in the US

According to data released by a government department, wholesalers did not add to their inventory this month after increasing stock by 0.3% last month. Sector-wide sales fell 0.4% in the month, the most significant movement since January…

Federal Reserve calls for gradual interest rate hikes

A Federal Reserve official has made a call for gradual interest rate hikes, despite a slowdown in U.S. job gains and weakness in the services sector that has caused a lack of confidence among some economists. Data released last week showed…