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(Bloomberg) — Australia’s former treasurer Joe Hockey, who helped oversee a comprehensive free-trade agreement with China, has accused Beijing of bullying and immature behavior as the list of Australian goods targeted for reprisals grows. “The problem is China just doesn’t want to talk,” Hockey, who until January served as Australia’s ambassador to the U.S., said...
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By Sonali Paul MELBOURNE (Reuters) – Oil prices slipped on Tuesday as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases. U.S. West Texas Intermediate (WTI) crude (CLc1) futures slipped 6 cents, or 0.2%, to $36.75 a barrel...
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By Florence Tan SINGAPORE (Reuters) – Oil prices slumped more than 4% on Monday to the lowest levels since May on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the U.S. Presidential election week. Brent crude (LCOc1) for January was at $36.32 a barrel, down...
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By Yuka Obayashi TOKYO (Reuters) – Oil prices slid about 2 percent on Wednesday, giving up most of the previous day’s gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut in oil and weaker fuel demand. Brent crude (LCOc1) was...
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By Yasin Ebrahim Investing.com – U.S. oil stockpiles rose sharply last week renewing concerns about the strength of demand at a time when storm-related disruptions in the oil-rich U.S. Gulf of Mexico has stifled output. U.S. crude inventories rose by 4.58 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after...
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(Reuters) – British Prime Minister Boris Johnson is preparing to hand councils extra money for holiday clubs, aiming to end a row with Manchester United footballer Marcus Rashford over free school meals, The Telegraph. Johnson is studying a proposal to extend the Holiday Activity and Food (HAF) programme piloted during the summer so children can...
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NEW YORK (Reuters) – Goldman Sachs Group Inc (N:GS) attempted to cover up allegations of workplace sexual misconduct by the bank’s global head of litigation, a lawsuit filed on Monday in New York State Supreme Court claimed. The lawsuit was filed by Marla Crawford, a former associate general counsel at the bank, against Goldman Sachs, the bank’s...
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(Reuters) – UK regulators are considering plans to allow banks to start paying dividends again next year, The Times newspaper reported on Monday. The Bank of England (BoE) and commercial banks are “bartering” a deal to allow banks to make shareholder payouts as long as their loss-absorbing capital buffers are strong and they continue to...
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TOKYO (Reuters) – Oil prices fell on Monday, extending last week’s losses, as a jump in COVID-19 infections in the United States and Europe raised alarms over crude demand, while the prospect of increased supply also hurt sentiment. Brent crude (LCOc1) was down by 53 cents, or 1.3%, at $41.24 by 0052 GMT. U.S. West...
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By Barani Krishnan Investing.com – Gold’s dazzling three-day rally snapped on Thursday as the dollar recovered from its seven-week low and talks continued to drag on between the White House and rival Democrat lawmakers for a COVID-19 financial relief plan before the U.S. election. U.S. gold for December delivery settled at $1,904.60, down $24.90, or 1.3%....
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