Oil prices rise after US crude stockpile drops
LONDON/SINGAPORE, July 03 (Reuters): Oil prices rebounded slightly on Wednesday after a steep fall in the previous session as OPEC and its allies' decision to extend output cuts was not enough to counter investors' concerns about the slowing global economy.Prices were supported by widely-watched data showing a larger-than-expected drawdown in...
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US govt staff told to treat Huawei as blacklisted
WASHINGTON, July 03 (Reuters): A senior US official told the Commerce Department's enforcement staff this week that China's Huawei should still be treated as blacklisted, days after US President Donald Trump sowed confusion with a vow to ease a ban on sales to the firm.Trump surprised markets on Saturday by...
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Giant Beijing airport set to open on eve of China's 70th birthday
BEIJING, June 03 (AFP): Beijing is set to open an eye-catching multi-billion dollar airport resembling a massive shining starfish, to accommodate soaring air traffic in China and celebrate the Communist government's 70th anniversary in power.Work on the Beijing Daxing International Airport officially ended on schedule Sunday, ready for a September...
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Gold gains on growth worries, monetary easing bets
BENGALURU, July 03 (Reuters): Gold prices rose on Wednesday on worries over global growth and as latest nominations to major central banks reinforced expectations of monetary policy easing.Spot gold was up 0.5 per cent at $1,425.70 per ounce, as of 1016 GMT, having earlier hit its highest since June 25,...
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Total starts output at French biofuel refinery
PARIS, July 03 (AFP): Total on Wednesday said it had begun producing biofuel at a refinery in southern France, a project that has sparked an outcry from environmentalists and farmers over its plans to import palm oil.The site at La Mede near Marseille is a former oil refinery which has...
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