Brazil posts record trade surplus in May on surging exports
BRASILIA (Reuters) - Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday. The...
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Oil rises 3% on US debt ceiling progress, traders on alert for OPEC+ meeting
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Thursday by the most in two weeks ahead of an OPEC+ meeting on Sunday, while House of Representatives passage of a bill to suspend the...
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S&P 500 rides debt-ceiling progress higher; Tech resumes climb
Investing.com -- The S&P 500 climbed Thursday as the U.S. moved closer to averting a default after the House passed a debt-ceiling bill. The S&P 500 was up 1.1%, the Dow Jones...
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Oil up 4% after 3-day loss; ‘OPEC+ fear’ offsets U.S. supply build
Investing.com -- It’s the same script that plays out before each OPEC+ meeting and we’re seeing it again. Crude prices rose as much as 4% Thursday, paring the 7% loss from three previous...
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U.S. crude stocks up about 4.5M barrels last week - EIA
Investing.com -- U.S. crude stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet...
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OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say
By Ahmad Ghaddar and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward...
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House passes debt limit bill, Fed rate debate intensifies - what's moving markets
Investing.com -- The race to lift the U.S. debt ceiling before a disastrous default clears a major hurdle after the House of Representatives passes a bill raising the limit. Meanwhile,...
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Oil moves higher on debt ceiling progress, positive Chinese data
Investing.com -- Oil prices rose in Asian trade on Thursday, rebounding from near one-month lows as investors cheered progress towards averting a U.S. debt default, while signs of life in...
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Exclusive-US set to allow GE to make engines in India for New Delhi's military jets
By Trevor Hunnicutt, Krishn Kaushik and Rajesh Kumar SinghWASHINGTON/NEW DELHI (Reuters) - The Biden administration is poised to sign off on a deal that would allow General Electric...
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Marketmind: June starts on a nervous note
By Jamie McGeever(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.A batch of purchasing managers index reports from across the Asia-Pacific region will offer local...
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U.S. crude stocks up 5.2M barrels last week - API
Investing.com -- U.S. crude stockpiles likely rose last week along with inventories of fuel, petroleum industry group API indicated in a report Wednesday that bucked expectations for falls...
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Oil hits 4-week low on Chinese manufacturing slide, dollar spike
Investing.com -- Oil prices hit four-week lows on Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half...
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US crude March output hits 3-yr high as Texas production grows -EIA
By Stephanie Kelly and Scott DiSavino NEW YORK (Reuters) - U.S. field production of crude oil rose in March to 12.696 million barrels per day, the highest since March 2020, when the...
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Brazil's economy likely surged back in Q1 powered by record crops: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) - Brazil's economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that...
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Crude oil slumps on demand concerns after weak Chinese data
Investing.com -- Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the...
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Carrots and sticks: Venezuela's new oil chief targets graft, courts workers
By Tibisay Romero, Deisy Buitrago and Marianna Parraga VALENCIA/CARACAS (Reuters) - The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil...
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Bitcoin Outperforms Major Commodities Over Last 90 Days: Glassnode
Coin Edition - Bitcoin emerges as the strongest performer among major commodities.Data shared by Glassnode suggests that BTC continues to...
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Economic fears to cap oil prices below $90 through 2023: Reuters poll
By Kavya Guduru (Reuters) - Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a...
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Dow futures fall 65 pts; debt talks, job openings, Beige Book in focus
Investing.com -- U.S. stocks are seen opening with small losses Wednesday, with investors continuing to focus on the passage of the deal to lift the debt ceiling through Congress as the...
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Debt limit progress, weak Chinese data - what's moving markets
Investing.com -- The stage is set for a dramatic vote on the debt ceiling bill in the House of Representatives as the June 5 default deadline ticks ever closer. Meanwhile, disappointing...
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Oil dips further after sharp losses as weak Chinese data weighs
Investing.com -- Oil prices edged lower in Asian trade on Wednesday, retaining steep declines from the prior session as markets awaited a vote on the U.S. debt ceiling, while disappointing...
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Oil slides 4% on worries about US debt ceiling, OPEC+ talks
By Stephanie Kelly NEW YORK (Reuters) - Oil prices fell more than 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from...
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Climate battle looms as Smith wins Alberta election and targets Trudeau
By Steve Scherer and Nia Williams (Reuters) -Alberta's election of conservative leader Danielle Smith puts her on a collision course with Canada's Liberal Prime Minister Justin Trudeau over...
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Oil tumbles 4% on worries over what Fed will do and OPEC might not
Investing.com -- As anxiety-inducing as the drama over the U.S. debt ceiling was, it has faded from oil traders’ radar with the tentative deal reached between the White House and rival...
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Ghana and the IMF have struck a deal, but hard choices lie ahead
Ghana's economy is debt distressed. Wikimedia Commons/FlickrIn mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It...
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U.S. stocks mixed as House takes up debt ceiling deal and Nvidia soars
Investing.com -- U.S. stocks were mixed after a tentative deal to raise the debt ceiling and a surge for Nvidia helped lift tech stocks. At 9:47 ET (13:47 GMT), the Dow Jones Industrial...
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Explainer-Why is OPEC+ cutting oil output?
LONDON (Reuters) - OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil...
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Crude oil lower; Fed rate hike fears prompt selling
Investing.com -- Oil prices slumped Tuesday as concerns about future economic growth, particularly in the U.S., the largest consumer of crude in the world, overshadowed relief over the...
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Factbox-What have OPEC+ producers said ahead of June oil policy meeting?
LONDON (Reuters) - Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend....
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Dow futures rise 55 pts; Nvidia to join $1 trillion club
Investing.com -- U.S. stocks are seen opening higher Tuesday after negotiators tentatively agreed on a deal to lift the debt ceiling to avoid a default, while Nvidia could join the $1...
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Marketmind: Debt vote in sight, but further Fed squeeze
A look at the day ahead in U.S. and global markets from Mike Dolan Out of the frying pan, and into the fire? Relief over the likely lifting of the U.S. debt ceiling this week is being...
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Oil creeps higher as markets weigh Fed fears, debt deal optimism
Investing.com -- Oil prices reversed early gains to trade lower on Tuesday as fears of more interest rate hikes by the Federal Reserve and slowing economic growth largely offset optimism...
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Oil ticks up as markets weigh U.S. debt deal, rate hike possibility
By Arathy Somasekhar HOUSTON (Reuters) - Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative U.S. debt ceiling deal that would avert a default by the world's...
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Oil prices edge lower as debt limit deal optimism tempered by Fed rate concerns
Investing.com -- Oil prices dropped on Monday, paring back earlier gains, as optimism over the debt ceiling agreement was tempered by renewed expectations that the Federal Reserve will carry...
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Explainer-What to expect from Nigeria's new president Bola Tinubu
By MacDonald DzirutweLAGOS (Reuters) - Nigeria's new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil...
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Debt ceiling deal, Fed rate path, Erdogan's victory - what's moving markets
Investing.com -- Investors look ahead to a crucial vote in Congress on this weekend's deal to lift the U.S. debt ceiling, with only days left until the world's largest economy is expected to...
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Oil rises on tentative U.S. debt deal; China, Fed in focus
Investing.com -- Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese...
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Energy & precious metals - weekly review and outlook
Investing.com - The much-awaited deal to raise the U.S. debt ceiling is in, President Joe Biden said on Saturday, potentially setting equity and commodity markets on a new wave of...
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Wall Street rallies, European shares see biggest gain in 2 months
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street's main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising...
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Oil prices rise as US closes in on debt deal
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on...
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Oil on for 2nd weekly gain amid inflation bruise, ‘misquote’ on Russia
Investing.com -- On one end, the debate is whether there’ll be a pause or hike. On the other, it’s whether a stay or another cut is coming. But Fed hike or OPEC+ cut, May is turning out to...
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Crude oil higher; U.S. demand stays healthy ahead of OPEC meeting
Investing.com -- Oil prices rose Friday, heading towards their second consecutive week of gains on signs of tightening U.S. supply and improving fuel demand in the world’s largest oil...
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Explainer - Why does the UK have such a painful inflation problem?
By William Schomberg and Andy Bruce LONDON (Reuters) - British inflation fell in April but by less than expected and it remains above the rate of price growth in the United States and most...
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Debt ceiling progress, PCE due, OPEC+ output cut debate - what's moving markets
Investing.com -- U.S. President Joe Biden says lawmakers are carrying out productive talks over raising the debt ceiling, but a final deal remains elusive with a possible default now only...
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Oil creeps lower ahead of more cues on OPEC, debt ceiling talks
Investing.com-- Oil prices retreated in Asian trade on Friday, extending a sharp drop from the prior session as traders awaited more clarity on the OPEC’s plans for future production cuts,...
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US oil and gas auction yields nearly $80 million for federal coffers
(Reuters) -The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden's landmark climate change law, attracting more than...
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Harnessing business intelligence to enhance the banking experience
The 2022 SITEisfaction® survey emphasises the need for digital inclusivity in digital banking for clients, stating that banks should empower clients to use digital platforms...
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