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By Florence Tan SINGAPORE (Reuters) – Oil prices rose more than 1% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm. Trump’s health update eased political uncertainty in...
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LONDON (Reuters) – The British government launched a new employment programme on Monday aimed at helping those left jobless due to the COVID-19 pandemic to get back into work. The Department for Work and Pensions said the Job Entry Targeted Support (JETS) scheme would be backed by a 238 million pound ($308 million) investment. The...
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TOKYO (Reuters) – Oil prices fell nearly 1% on Friday, extending losses into a second day as rising production of crude comes amid a worsening COVID-19 pandemic which threatens to bring more restrictions on movement and consumption that will likely hit demand for fuel. Brent crude (LCOc1) was down 36 cents, or 0.9%, at $40.57...
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(Bloomberg) — Oil slipped to near $40 amid signals that coronavirus restrictions will slow the economic recovery and on signs of increased supply. Futures fell as much as 0.7% in New York, after losing 2.1% last week in the third drop this month. The oil market’s recovery is expected to be long and gradual, Russia’s...
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By Greg Roumeliotis (Reuters) – ArcelorMittal SA (LU:MT), the world’s largest steelmaker, is exploring a deal to merge its U.S. operations with Cleveland-Cliffs Inc (N:CLF), the largest U.S. producer of iron ore pellets, people familiar with the matter said on Sunday. The combination would signal a new push among steelmakers to consolidate and diversify their...
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By Jonnelle Marte, Howard Schneider and Ann Saphir (Reuters) – Federal Reserve policymakers charged with guiding the economy through its worst collapse in a century diverged broadly this week over what to expect in coming months, with narratives of an unexpectedly fast recovery vying against warnings of a resurgence in the coronavirus pandemic and deepening...
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(Bloomberg) — Oil rose after a government report showed U.S. distillate stockpiles declined the most since March but gains were limited by renewed concerns over the speed of the economic recovery from the pandemic. Futures in New York increased 0.3% on Wednesday after earlier swinging between gains and losses. The market drew support from an...
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By Junko Fujita, Takashi Umekawa and Takahiko Wada TOKYO (Reuters) – Japanese financial firm SBI Holdings Inc (T:8473) has ambitions to revive struggling regional banks by taking stakes and pushing them into higher-margin businesses – a strategy that may get a boost from the country’s new prime minister. Although regional lenders are dominant outside of Tokyo and...
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DAYTON, Ohio (Reuters) – U.S. President Donald Trump on Monday said he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its yuan. Trump told thousands of supporters at a political rally in Dayton, Ohio, that his policies...
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LONDON (Reuters) – Britain is at a critical point in the COVID-19 pandemic and faces a very challenging winter, one of the government’s top medical advisers will warn at a public briefing on Monday. Cases in Britain are on the increase in what Prime Minister Boris Johnson has labelled a second wave of the virus,...
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