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Oil rises on US crude stocks data, tight supply outlook

Oil rises on US crude stocks data, tight supply outlook

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol Register now for FREE unlimited access to Reuters.com register US crude stocks fall by over 7 million barrels Russian supply set to be sharply curbed by EU sanctions Russia sees energy export revenue rising nearly 40% …

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EXCLUSIVE Biden’s emergency board calls for railroad wage hikes to resolve contract talks

US President Joe Biden walks to Air Force One as he departs for Washington, DC, from Joint Base Charleston, South Carolina, US, August 16, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com register WASHINGTON/LOS ANGELES, Aug 16 (Reuters) – US President Joe Biden’s emergency board tasked with helping major freight railroads and …

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Starbucks seeks to pause union elections at US cafes, claims misconduct

NEW YORK, Aug 15 (Reuters) – Starbucks Corp (SBUX.O) on Monday accused the federal labor board overseeing union elections at its US cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran …

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Investors no longer ‘apocalyptically bearish’, Bank of America poll says

LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …

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Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, US growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and US …

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Oil drops as China data weighs

FILE PHOTO – A pump jack is seen surrounded by steam during sunset at a PetroChina’s oil field in Karamay, Xinjiang Uigur Autonomous Region January 5, 2011. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com register China’s July refinery output lowest since March 2020, data shows Stronger US dollar and low liquidity pressure prices …

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Germany reaches 75% gas stocks target ahead of schedule

A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com register FRANKFURT, Aug 14 (Reuters) – German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of …

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Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures bottom PBOC cuts key rates, China data badly miss forecasts Eyes on …

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Morning Bid: Asia’s economic spotlight shines on giants China, Japan

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com register Aug 15 (Reuters) – A look at the day ahead in Asian markets …

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Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday …

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