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Home2019July

Month: July 2019

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Business News

Russian oil output up at 11.15 million bpd in June, still within deal quota

July 1, 2019 admin Comments Off on Russian oil output up at 11.15 million bpd in June, still within deal quota

Russian oil production rose to 11.15 million barrels per day (bpd) in June from 11.11 million bpd in May, two industry sources told Reuters on Monday, although it was still within output levels agreed in a global supply deal with OPEC.

…read more […]

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Walmart to invest $1.2 billion in China over the next 10 years to upgrade logistics

July 1, 2019 admin Comments Off on Walmart to invest $1.2 billion in China over the next 10 years to upgrade logistics

Walmart plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said in a statement on its verified social media account Monday.

…read more […]

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Trump talk of easing Huawei ban lifts suppliers’ shares despite doubts

July 1, 2019 admin Comments Off on Trump talk of easing Huawei ban lifts suppliers’ shares despite doubts

U.S. President Donald Trump’s decision to allow U.S. firms to sell “high tech” products to Huawei led Asian investors to snap up shares in suppliers to the Chinese smartphone maker on Monday, even as some experts wondered what had changed.

…read more […]

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Oil firms as OPEC+ poised to extend supply cut

July 1, 2019 admin Comments Off on Oil firms as OPEC+ poised to extend supply cut

Oil prices were up on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.

…read more […]

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Factories faltered in June, trade truce fails to brighten outlook

July 1, 2019 admin Comments Off on Factories faltered in June, trade truce fails to brighten outlook

Factory activity shrank across much of Europe and Asia in June as the simmering U.S.-China trade conflict put further strains on the manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.

…read more […]

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Atlantia accuses Rome of selective leaks in concession row

July 1, 2019 admin Comments Off on Atlantia accuses Rome of selective leaks in concession row

Italian infrastructure group Atlantia accused ruling 5-Star officials on Monday of selectively leaking a government report in a campaign to revoke the group’s national toll-road concession.

…read more […]

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Stocks cheer trade reprieve, bonds reconsider rate cuts

July 1, 2019 admin Comments Off on Stocks cheer trade reprieve, bonds reconsider rate cuts

Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks.

…read more […]

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Brent oil jumps over $2 as OPEC+ poised to extend supply cut

July 1, 2019 admin Comments Off on Brent oil jumps over $2 as OPEC+ poised to extend supply cut

Oil prices rose over $2 a barrel on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.

…read more […]

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Business News

Oil prices jump over 2% as OPEC set to extend supply cuts

July 1, 2019 admin Comments Off on Oil prices jump over 2% as OPEC set to extend supply cuts

Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.

…read more […]

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Business News

Asia’s factories falter in June, trade truce fails to brighten outlook

July 1, 2019 admin Comments Off on Asia’s factories falter in June, trade truce fails to brighten outlook

Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.

…read more […]

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Business News

Stocks jump on trade reprieve, bonds reconsider rate cuts

July 1, 2019 admin Comments Off on Stocks jump on trade reprieve, bonds reconsider rate cuts

Stocks rallied and bonds retreated in Asia on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks.

…read more […]

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Business News

OPEC set to extend oil supply cut as Iran endorses pact

July 1, 2019 admin Comments Off on OPEC set to extend oil supply cut as Iran endorses pact

OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude amid a weakening global economy.

…read more […]

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UniCredit says it will stick to organic growth, mergers difficult

July 1, 2019 admin Comments Off on UniCredit says it will stick to organic growth, mergers difficult

Italy’s biggest lender, UniCredit , will stick to organic growth in its new business plan, Chief Executive Jean Pierre Mustier said in an interview published in La Stampa newspaper on Monday, saying European mergers were difficult.

…read more […]

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As U.S. expansion notches record, recovery may have only just begun

July 1, 2019 admin Comments Off on As U.S. expansion notches record, recovery may have only just begun

A now record-setting run of U.S. economic growth enters its 121st month on Monday, sustained by a decade of low interest rates and massive Federal Reserve intervention that helped put 22 million people back to work.

…read more […]

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Oil jumps over 2% as Saudi Arabia, Russia back supply cuts

July 1, 2019 admin Comments Off on Oil jumps over 2% as Saudi Arabia, Russia back supply cuts

Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.

…read more […]

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