Iron Ore Bust Follows Hard on Heels of China's Speculative Boom and other top stories.

• Iron Ore Bust Follows Hard on Heels of China's Speculative Boom

  

  Don’t say there wasn’t any warning. Iron ore’s gone from boom to bust in the space of just three weeks, fulfilling predictions for a slump in prices that were jacked up to unsustainable levels by a short-lived speculative frenzy in China.The SGX AsiaClear contract for June settlement in Singapore sank as much as 3.5 percent to $48.64 a metric ton in Singapore, the lowest intraday level since March 4, and was at $49.57 at 2:06 p.m. It’s collapsed 11 percent this week, after dropping by about the..

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• Germany's Economy Hits Accelerator

  

  FRANKFURT—German economic growth accelerated sharply in the first quarter, led by domestic consumption and brisk construction activity, the Federal Statistical Office said Friday, but economists warned that the growth rate could moderate again in the second quarter. Destatis said Germany’s gross domestic product grew at a quarterly rate of 0.7% in the first three months of the year, which translates into an annualized rate of 2.7% and is more than double the rate of 0.3% recorded in the fourth ..

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• Shell shuts wells to Brutus platform after spill off Louisiana

  

  HOUSTON A 2,100-barrel oil spill in the U.S. Gulf of Mexico forced Royal Dutch Shell on Thursday to shut in all wells that flow to its Brutus platform, federal regulators said.The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said a 2 mile by 13 mile (about 3 km by 21 km) sheen was visible in the sea about 97 miles off the Louisiana coast.The sheen is near Shell's Glider Field, a group of four subsea wells whose production flows through a subsea manifold to the Brutus platform, wh..

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• Dogs Attacking Mail Carriers: San Diego, Cleveland Tied for 2nd in USA

  San Diego is tied for second in the nation when it comes to dogs attacking U.S. Postal Service mail carriers. A letter carrier delivering mail. Courtesy USPS According to the USPS, 58 letter carriers were attacked by dogs in San Diego in 2015, up from ...

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• Asia shares slip, yen weak on stimulus expectations

  

  A woman clad in a kimono is reflected in an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai. Get Alerts AAPL Hot Sheet. Price: $90.34 -2.35% · Overall Analyst Rating:

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