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Biden urges Russia, China to engage in nuclear talks
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U.S. stocks waver, crude plummets as weak data fuels recession fears
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Oil outshines stocks and dollar in 2022
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British, Irish PMs mourn N.Ireland peace architect Trimble at funeral
Oil tumbles after weak factory data sparks demand concerns
Date: August 1, 2022
By Ahmad Ghaddar LONDON (Reuters) – Oil prices dropped sharply on Monday as weak manufacturing data from China and Europe weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply. Brent crude futures were down $3.77, or 3.6%, at $100.20 a barrel...
‘Relief for the world’ as Ukraine grain ship leaves Odesa
Date: August 1, 2022
By Natalia Zinets KYIV (Reuters) – A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago. Ukraine’s foreign minister called it “a day of relief...
Gold investors face bind over bars from tarnished Russia
Date: August 1, 2022
By Peter Hobson LONDON (Reuters) – Some investors want Russian gold off their books but it’s not that easy to remove. A de facto ban on Russian bullion minted after Moscow’s invasion of Ukraine — instigated by the London market in early March — does not apply to hundreds of tonnes of gold that has...
Exclusive-Luxembourg banks told to freeze Ecuador assets amid Perenco dispute, documents show
Date: August 1, 2022
By Rowena Edwards and Karin Strohecker LONDON (Reuters) -A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador at accounts in the country as a result of a dispute over a $391 million settlement award that Anglo-French oil company Perenco says remains unpaid, a document seen by Reuters show. Ecuador’s government pledged in...
Russia says can’t do much to help with Nord Stream gas pipeline repair
Date: August 1, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – There is little Russia can do to help with urgent repairs required to malfunctioning Nord Stream 1 gas pipeline equipment, Kremlin spokesman Dmitry Peskov said on Monday, following further falls in Gazprom production and exports....
Bank of England to get more aggressive with 50 bps hike on Thursday: Reuters poll
Date: August 1, 2022
By Jonathan Cable LONDON (Reuters) – The Bank of England is now expected to lift borrowing costs by a bigger 50 basis points to 1.75% on Thursday as it battles soaring inflation, according to a Reuters poll taken over the past week after several economists changed their minds. Over 70% of the 65 respondents to...