OPEC May Raise Oil Prices as Dollar Slump Sparks Hike
Oil prices, up 42 percent this year, could rise again as foreign producers react to the dollar's slide and OPEC's June price increase. A September emergency meeting is possible, with a new price lift likely, though not as large as earlier jumps.
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New York
Organization of Petroleum Exporting Countries
OPEC
Caracas
Vene
Renteeesah
Ali Khalifa Al-Sabah
Kuwait
Bank of England
Saudi Arabia
Smith Bagley acquitted in stock fraud case at Richmond
A federal court jury cleared Smith Bagley and four co defendants of conspiring to inflate the stock price of the Washington Group, a Bank loans scheme for employees, and related pension fund fraud charges. Bagley expressed elation and planned a Winston Salem news conference.
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Richmond
Smith Bagley
R.J. Reynolds
Washington
Carter
Winston-Salem
N.C
Washington Group
Bagley
James R. Gilley
Gilley
Dewey C. Chapple Jr
The
Northwestern Bank
William Thomas
Shirley Grubb
Marivan Peace Pact Moves Toward Local Council Election
Iran reports Kurds and government seal peace after clashes in Marivan 300 miles from Tehran. Some 36,000 residents return home while thousands march toward the city to support stability and a local town council election in a calm security environment.
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Tehran
Iran
Marivan
Pars
Kurdistan
Kurdish Revolutionary Council
Revolutionary Islamic Court
Mohammad Reza Shakiba
Mehdi Bazargan
GOP seeks tax cut plan to offset recession impact
Washington lawmakers report House Republicans introduced a $28 billion personal income tax cut proposal backed by 132 of 159 Republicans. The plan would cut rates by about 10 percent and take effect in October to offset the looming recession.
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Washington
House
Congress
Ono
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