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India’s Reliance to load Venezuelan oil cargo under fuel swap deal

Via Yahoo Finance By Jonathan Saul, Daphne Psaledakis and Marianna Parraga LONDON/WASHINGTON/MEXICO CITY (Reuters) – India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is permitted under the U.S. sanctions regime on the Latin American country, according to...

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China’s June air passenger numbers fall 42.4% year-on-year

Via Yahoo Finance BEIJING (Reuters) – China’s aviation regulator said on Friday that passenger numbers fell 42.4% in June from a year earlier. That compared with a year-on-year decline of 52.6% in May. Passenger numbers fell 45.8% from a year earlier in the first half of this year, the regulator said. (Reporting by Stella Qiu...

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Australia’s tourism operators reopen as bookings surge – but doctors urge caution

Via Yahoo Finance Many Australian tourism operators are preparing to reopen over the next week, despite Melbourne’s coronavirus outbreak sending the city into lockdown and forcing states to close their borders to Victorian travellers. New South Wales closed its border for the first time to Victoria on Wednesday. Queensland reopened its borders on Friday to...

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Oil rises as International Energy Agency boosts demand forecast

Via Yahoo Finance By Devika Krishna Kumar NEW YORK (Reuters) – Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Prices also found support after data...

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U.S. dollar slides as vaccine news offsets surge in virus cases

Via Yahoo Finance By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slipped on Friday, as its safe-haven allure diminished, on hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the United States and around the world. The U.S. currency posted its largest weekly percentage loss...

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Japan to slightly revise up economic view in July

Via Yahoo Finance TOKYO (Reuters) – Japan is likely to revise its economic assessment up slightly at its monthly report for July, government officials said, nodding to growing signs the economy is gradually emerging from the impact of the coronavirus pandemic. The change in assessment, which would be the second straight month of upgrade, would...

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Mubadala set for exclusive talks with Petrobras to buy Bahia refinery

Via Yahoo Finance By Sabrina Valle, Carolina Mandl and Tatiana Bautzer (Reuters) – Abu Dhabi’s investment fund Mubadala Investment Co [MUDEV.UL] will enter into exclusive talks with Petrobras to purchase Brazil’s second-largest refinery, the Brazilian state-owned oil company said in a securities filing on Thursday. Reuters was the first to report earlier on Thursday that...

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UK retail warns shoppers face higher prices if no EU trade deal

Via Yahoo Finance LONDON (Reuters) – Britain’s retail industry on Friday urged UK and European negotiators to reach a post-Brexit trade deal, warning that without tariff-free trade, consumers face higher prices from next year. The sector has already announced thousands of job losses due the coronavirus pandemic as wary shoppers stay away from the high...

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Palantir, the data mining company that helped CIA find bin Laden, files to go public

Via Yahoo Finance Palantir has confidentially filed to go public, paving the way for investors to take a stake in the historically shadowy big data company founded by Trump donor Peter Thiel.  The data analysis software company, which runs its European operations from London, submitted a draft registration with the US Securities and Exchange Commission...

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Data analytics firm Palantir confidentially files to go public

Via Yahoo Finance (Reuters) – Data analytics company Palantir Technologies Inc said on Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public. The confidential submission relates to a proposed public listing of the Class A common stock, Palantir said in a statement, adding that the listing is...

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Dollar wallows as data temper recovery doubts

Via Yahoo Finance By Tom Westbrook SINGAPORE (Reuters) – The dollar nursed losses on Tuesday and riskier currencies added a fraction to galloping gains, after better-than-expected U.S. services data provided the latest boost to confidence in a worldwide economic recovery from the COVID-19 pandemic. Against a basket of currencies, the dollar huddled near a two-week...