News

Oil prices rise on weekly U.S. crude stockpile data

On Thursday oil prices rose in Asia on a weekly U.S. crude stockpile draw that came in almost three times the level previously expected...

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Brexit update: Boris Johnson is the new the U.K.’s prime minister and Tory leader

Boris Johnson was elected Conservative leader and will be appointed U.K. prime minister on Wednesday. His pledge to pull the country...

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Hopes of ECB and Fed rate cuts boost global stocks

Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally

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Oil rises on Middle East Gulf tensions; Libya field resumes output

On Monday oil prices rose on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf...

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Dollar under pressure after Fed fuels bets on large rate cut

On Friday the dollar was on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address...

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Bank of America trims net interest income guidance

On Wednesday Bank of America Corp (BAC.N) lowered its annual net interest income guidance to reflect a weakened interest rate environment as...

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Oil prices gain, U.S. crude little changed after inventory data

On Wednesday after steep falls in the previous session oil prices rose, although U.S. crude trailed gains for international benchmark Brent after U.S...

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Australia's central bank ready to cut rates again if needed

Australia's central bank announced it would cut interest rates again "if needed" to support employment, wages growth and inflation, which has already...

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