US EDITION… US EDITION… US EDITION… US EDITION… US EDITION… US EDITION… US EDITION… US…
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DaILy newS… oIL PrICeS hIt nIne-Month PeaKS Oil prices hit nine-month highs on Monday after Iran halted sales to France and Britain, and as China eased credit policy amid expectations of a bailout deal for Greece, analysts said. The Brent and New York contracts reached $121.15 and $105.21 a barrel in Asian trading hours the highest levels since May 5, 2011. Later in London midday trade, Brent North Sea crude for delivery in April stood at $120.55 a barrel, up 97 cents compared with Friday's closing level. New York's main contract, West Texas Intermediate light sweet crude for March, jumped $1.61 to $104.85. "Iran's decision to halt oil exports to France and Great Britain is commonly cited today as the reason for the price rise," said Commerzbank analyst Carsten Fritsch. "Since Iranian oil exports to both these countries are virtually negligible, however, the news is likely to have only a psychological effect, fuelling uncertainty on the oil market," Fritsch said. "The fact that EU finance ministers are expected to approve further assistance for Greece this evening, plus the lowering of the reserve requirement ratio for banks in China, are providing the financial markets with positive 'background noise'." Iran on Sunday announced that it was halting its oil sales to France and Britain in retaliation for a phased European Union ban on its crude, which has yet to take full effect. The decision is not expected to have a big impact as France last year bought only three percent of its oil 58,000 barrels per day from Tehran, while Britain is believed to no longer be importing Iranian oil at all. But it is seen as a warning shot to other EU nations that are much more dependent on imports from the Islamic republic, including Italy, Spain and Greece.
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InternatIonaL newS… BrItaIn-MeDIa-MUrDoCh-SUn Rupert Murdoch began work on the first Sunday edition of his top-selling British tabloid The Sun, seven months after the closure of its scandal-ridden sister title News of the World. FInanCe-PUBLIC-DeBt-eUroZone-GreeCe BRUSSELS: Greek Finance Minister Evangelos Venizelos said he was "optimistic" as eurozone finance ministers began a meeting to approve a new financial lifeline and secure the country's future in the single-currency bloc.
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MonaCo PrInCe woUnDeD In new yorK CLUB BrawL Monaco's Prince Pierre Casiraghi, grandson of Hollywood legend Grace Kelly, was hospitalized after being injured in a late night fight in a New York nightclub, a report said Monday. Casiraghi, the son of Princess Caroline, was partying at a New York club Saturday when he and friends fought with former Manhattan club owner Adam Hock and his entourage, according to the New York Post. Hock, 47, was arrested Saturday mor-