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Pandemic treaty talks to the wire, likely to miss first deadline, sources say
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Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
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GeoPark to access $500 million from Vitol in return for oil deliveries
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China’s push for greener aluminium hit by erratic rains, power cuts
Europe’s rush for rate cuts shifts global market power away from US
Date: May 9, 2024
Europe’s rush for rate cuts shifts global market power away from US By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – The Bank of England has sent a new signal that borrowing costs will fall earlier and further across Europe than in the United States, setting markets up for major shifts as investors play a...
Stocks gain as European shares hit new highs, dollar slips
Date: May 9, 2024
Stocks gain as European shares hit new highs, dollar slips By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – World stocks edged higher on Thursday, helped by surging European stocks and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key...
STOXX 600 ends at record high; BBVA weighs on Spain
Date: May 9, 2024
STOXX 600 ends at record high; BBVA weighs on Spain By Ankika Biswas and Johann M Cherian (Reuters) -Europe’s benchmark index inched up to close at a record high on Thursday, driven by a jump in industrial stocks, while shares of Spanish bank BBVA hit a two-month low after announcing a hostile takeover bid for...
Bank of England clears path for its first rate cut since 2020
Date: May 9, 2024
Bank of England clears path for its first rate cut since 2020 By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England paved the way on Thursday for the start of interest rate cuts as soon as next month and Governor Andrew Bailey said there could be more reductions than investors...
Oil hits 1-week high on demand hopes after China, US data
Date: May 9, 2024
Oil hits 1-week high on demand hopes after China, US data By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 1% to a one-week high on Thursday after data from China and the U.S. signalled that demand in the world’s two biggest crude-consuming nations could climb higher. Brent futures rose 40 cents, or 0.5%,...
Telefonica tops forecast with 79% surge in Q1 profit
Date: May 9, 2024
Telefonica tops forecast with 79% surge in Q1 profit By Inti Landauro MADRID (Reuters) – Spain’s Telefonica beat forecasts with a 79% surge in first-quarter net profit on Thursday as higher fees boosted revenues, costs fell on job cuts in Spain and lower energy prices, and its low-margin handsets business shrank. The telecoms company was...