Venezuela
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Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
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MEXICO CITY, May 6- Latin American commodity exporters have largely failed to take full advantage of surging raw material prices to boost savings and a recent deterioration in external accounts bears watching, the International Monetary Fund said on Monday.
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CHICAGO, May 06 Fitch Ratings has affirmed the Issuer Default Ratings for CITGO Petroleum Corporation at' BB-' and the company's senior secured ratings at' BB+' and revised the Outlook to Positive from Stable.
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NEW YORK/ GENEVA, May 3- At least six energy traders and additional support staff have recently resigned from PetroChina's oil trading operation in Houston, a manager for the company said on Friday.
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*Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans to sell its hardware and teaching aids units so it could focus more on products for contractors and on emerging markets.
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CARACAS, May 3- Venezuela's oil and fuel exports rose 4 percent in 2012 compared with the previous year, state oil company PDVSA said on Friday, even as the OPEC nation's total output slipped by 3 percent.
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*Profit of 35 cents per share tops analysts' 32- cent estimate. *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans on Friday to sell its hardware and teaching aids businesses, as the maker of Sharpie pens and Rubbermaid storage containers tries to narrow its focus and become more profitable.
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*Profit of 35 cents per share tops analysts' 32- cent estimate. *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans on Friday to sell its hardware and teaching aids businesses, as the maker of Sharpie pens and Rubbermaid storage containers tries to narrow its focus and become more profitable.
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CARACAS, May 2- Venezuela will boost dollar supplies to private businesses through its currency control mechanism, the finance minister said on Thursday, following months of complaints by business leaders that they cannot import the goods they need.
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May 2- Kellogg Co and Hillshire Brands reported weaker-than-expected quarterly sales on Thursday, as budget-conscious U.S. consumers cut back on desserts, sending the food companies' shares lower. Hillshire, which owns Sara Lee frozen cakes, reported a better-than-expected profit and said 2013 earnings would be at the high end of its forecast.
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May 2- Kellogg Co and Hillshire Brands reported quarterly results on Thursday in line or better than Wall Street estimates, but both food companies' shares fell in early trading.
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*U.S. crude stocks at record high, OPEC output rising. LONDON, May 2- Oil rose above $100 a barrel on Thursday as an interest rate cut by the European Central Bank supported riskier assets, although a shaky global oil demand outlook and ample supply weighed. Brent crude rose 65 cents to $100.60 a barrel by 1338 GMT on Thursday after trading as low as $99.51.
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*U.S. crude stocks at record high, OPEC output rising. LONDON, May 2- Oil rose above $100 a barrel on Thursday as an interest rate cut by the European Central Bank supported riskier assets, although a shaky global oil demand outlook and ample supply weighed. Brent crude rose 65 cents to $100.60 a barrel by 1338 GMT on Thursday after trading as low as $99.51.
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Western companies are scrambling to address public concerns about working conditions in Bangladesh. The NYT reports.
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May 2- Kellogg Co reported lower quarterly earnings on Thursday, hurt by higher ingredient costs, and said it was on track to meet its full-year goals.
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LONDON, May 2- Oil rose above $100 a barrel on Thursday as some investors saw this week's price slide as overdone, although ample supply and concerns about the outlook for demand due to shaky economic growth limited the rally.
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LONDON, May 2- Oil rose above $100 a barrel on Thursday as some investors saw this week's price slide as overdone, although ample supply and concerns about the outlook for demand due to shaky economic growth limited the rally.
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NEW DELHI, May 1- Reliance Industries, owner of the world's biggest refining complex, has raised its dependence on heavier grades from Latin America, replacing some of the Middle Eastern crude it used to purchase, tanker arrival data made available to Reuters showed.
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Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
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Ecuador is OPEC's smallest member, produces 500,000 bpd. QUITO, April 30- Ecuadorean President Rafael Correa will name a new oil minister and a new finance minister next week, a high-ranking government official told the state-run news agency Andes on Tuesday.
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*1st- qtr adj profit 26 cents/ share vs estimates 14 cents. April 30- Avon Products Inc on Tuesday reported a better-than-expected first-quarter profit in the latest sign the beauty products company's business continues to improve, helped by higher sales in key markets Brazil and Russia and cost cuts.