• OPEC disappointment hits oil, stocks; sterling down on UK vote jitters

    26 May 2017 09:20 AM |

    By Reuters  : Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts.

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  • Trump talks trade with EU, varied differences remain

    25 May 2017 03:54 PM |

    By Reuters : A smiling Donald Trump offered European Union chiefs assurances on security in Brussels on Thursday but EU officials did not conceal lingering differences with the U.S. president over Russia, trade and climate change.

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  • OPEC extends oil output cut by nine months to fight glut

    25 May 2017 01:25 PM |

    By Reuters : OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

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  • Traders bid up oil ahead of anticipated OPEC production cut extension

    25 May 2017 10:08 AM |

    By CNBC : Traders pushed oil prices higher on Thursday morning ahead of a widely anticipated extension of the OPEC-led production cut agreement.

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  • Asia shares race to two-year high as Fed signals no rush to tighten

    25 May 2017 10:01 AM |

    By Reuters : Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.

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  • China rejects ‘inappropriate’ credit downgrade, says it ‘exaggerates difficulties’

    24 May 2017 02:16 PM |

    By CNBC : China has rejected a move by Moody's to lower its credit rating, saying the downgrade exaggerates the difficulties facing the economy and underestimates the government's reform agenda.

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  • U.S. stock futures little changed ahead of Fed minutes

    24 May 2017 02:00 PM |

    By Reuters : U.S. stock index futures were little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that will help investors gauge the chances of a rate hike next month.

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  • Trump's proposed US oil reserve sale not an issue for OPEC: Goldman Sachs

    24 May 2017 09:31 AM |

    By Reuters : President Donald Trump's proposal to sell half of the U.S. Strategic Petroleum Reserves (SPR) will likely have little impact on OPEC's efforts to reduce a global oil glut, Goldman Sachs said on Tuesday.

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