Articles by admin

Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.

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Iran’s Civil Aviation Organization said on Saturday the country’s airspace was safe for airlines to fly through, the semi-official Tasnim news agency reported, amid heightened tension between Tehran and Washington.

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Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a company spokesman told business daily Dagens Naeringsliv.

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The United Arab Emirates’ General Civil Aviation Authority on Saturday instructed airlines registered in the country to take necessary measures given current risks in the region, Emirates News Agency (WAM) said.

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Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as well as the global community, the official People’s Daily said an editorial on Saturday.

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Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it had made a $700 million payment to oil services provider Vantage Drilling Company in a case involving a contract that it had terminated.

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All eyes will be on U.S. President Donald Trump and China’s President Xi Jinping next week as investors are desperate for any signs of a thaw in U.S.-China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts.

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Brazil’s state-controlled oil company Petróleo Brasileiro SA confirmed on Friday it had made a $700 million payment related to an arbitration ruling and a lawsuit by U.S.-based Vantage Drilling Company.

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Citi economists said on Friday if the Federal Reserve decides to lower U.S. interest rates next month, it would do so with a bold 50 basis-points cut, together with an earlier end of its balance sheet reduction.

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Huawei Technologies Co Inc filed a lawsuit against the U.S. Commerce Department on Friday in a fight over whether telecommunications equipment that it sent from China to the United States, and then back to China, is covered by Export Administration Regulations, according to a court filing.

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Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office.

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General Electric Co said on Friday it plans to demolish a large power plant it owns in California after only one-third of its useful life because the plant is no longer economically viable.

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The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stage of their yearly health checks with the U.S. Federal Reserve that assess their ability to weather a major economic downturn.

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Wall Street edged lower on Friday, as U.S. Vice President Mike Pence’s decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, while tensions between the United States and Iran undercut sentiment.

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Oil prices added to recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows of crude from the Middle East, while a gauge of global stock markets edged back from seven-week highs following a run-up spurred by optimism over monetary policy.

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