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Shell, PetroChina to expand Surat coal seam gas project in Australia
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Yen slips, markets brace for US inflation data
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Oil holds on to last week’s gains buoyed by Mideast tensions, economic data
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French 2024 wine production seen falling after wet weather
Stocks recoup most of week’s sell-off as nerves steady
Date: August 9, 2024
By Huw Jones LONDON (Reuters) -Global shares extended gains on Friday to erase nearly all of their losses from a big sell-off earlier in the week, with investors betting on the U.S. economy avoiding a hard landing as Fed policymakers signalled rate cuts as soon as September. Wall Street stock index futures were about 0.3%...
Dollar steady on US jobs relief as yen heads for first weekly drop in six
Date: August 9, 2024
By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) -The dollar was close to a one-week high against other major currencies on Friday after the biggest drop in U.S. jobless claims in close to a year allayed fears of a looming economic downturn. The U.S. currency was steady against the Japanese yen following a three-day rebound,...
Factbox-Who is Tan Su Shan, Singapore bank DBS’s incoming CEO?
Date: August 8, 2024
By Roushni Nair and Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta, who has led Southeast Asia’s biggest bank for 14 years. She will be the bank’s first female chief executive and also the first to be...
Dollar gains after US jobless claims fall more than expected
Date: August 8, 2024
By Hannah Lang NEW YORK (Reuters) – The dollar rose on Thursday after new U.S. labor market data showed that unemployment benefits fell more than expected last week, easing fears of an imminent recession. The greenback’s rise was most prominent against the yen, following a sharp drop the day before in a volatile week in...
Global stock index rises with dollar, yields as data calms nerves
Date: August 8, 2024
By Sinéad Carew and Harry Robertson NEW YORK/LONDON (Reuters) -A closely followed global equities index jumped more than 1% on Thursday after lower-than-expected U.S. unemployment claims calmed recession fears and Treasury yields rose alongside the U.S. dollar. Oil futures registered their third straight day of gains, with growing supply risks in the Middle East offsetting...
Glencore to keep coal assets and stick with London listing
Date: August 7, 2024
By Felix Njini and Pratima Desai JOHANNESBURG/LONDON (Reuters) -Glencore will keep its coal business after securing backing from a majority of its investors who see lucrative earnings from the fossil fuel, its CEO said on Wednesday, adding the company could acquire more steelmaking coal assets. Glencore, which had been consulting investors on possibly spinning off...