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Inflation at 24-yr high adds to strains in South Korea’s economy

Inflation at 24-yr high adds to strains in South Korea’s economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since …

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Norwegian oil and gas workers start strike, cutting output

Norwegian oil and gas workers start strike, cutting output

OSLO, July 5 (Reuters) – Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to …

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Airline SAS says survival at stake as pilot strike grounds flights

Strike to ground roughly half of airline’s flights SAS says will affect about 30,000 passengers per day Strike raises uncertainty of loss-making airlines future Biggest airline strike since BA pilots in 2019 STOCKHOLM, July 4 (Reuters) – Wage talks between Scandinavian airline SAS (SAS.ST) and its pilots collapsed on Monday, triggering a strike that puts …

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India imposes windfall tax on oil producers, fuel exporters

Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com register India levies windfall tax of 23,250 rupees/T on oil producers Imposes export tax of 6 rupees/liter on gasoline and jet fuel Imposes 13 …

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Exxon signals operating profits could double over the first quarter

People pump gas at an Exxon gas station in Brooklyn, New York City, US, November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register HOUSTON, July 1 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according …

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US West Coast port labor contract expires, raising stakes for talks

LOS ANGELES, July 1 (Reuters) – The union and employers negotiating a new labor contract for more than 22,000 US West Coast port workers said high-stakes talks that are being closely watched by industry and the White House would continue after the agreement expired late on Friday. The agreement covers 29 Pacific Coast ports stretching …

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Boeing disappointed after China’s top three airlines buy 300 Airbus planes

The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker// Register now for FREE unlimited access to Reuters.com register July 1 (Reuters) – Boeing Co (BA.N) said on Friday “it is disappointing that geopolitical differences continue to constrain …

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Chip stocks hammered as Micron forecast signals waning demand

July 1 (Reuters) – A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones. Chip stocks across the world tumbled on Friday after memory chip maker Micron Technology Inc …

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Oil up about $2/bbl as supply outages outweigh recession fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS/Angus Mordant/ Register now for FREE unlimited access to Reuters.com register US manufacturing sector slows in June -ISM OPEC+ sticks to oil output policy, avoids debate on September Some Norway oil …

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Wall Street kicks off second-half with losses on slowdown worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. REUTERS/Brendan McDermid/Files Register now for FREE unlimited access to Reuters.com register US manufacturing activity slows more than expected in June Kohl’s tumbles after calling off sale to Franchise Group Micron’s downbeat forecast fuels selloff in …

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