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Oil falls on US inventory build, shale oil output forecasts

SINGAPORE, Mar 06 (Reuters): Oil prices fell on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed OPEC-led production cuts.International Brent crude futures were at $65.47 per barrel at 0745 GMT, down 39 cents, or 0.6 per cent, from their...

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Gold edges above five-week low as market rally pauses

BENGALURU, Mar 06 (Reuters): Gold prices inched up on Wednesday, after recovering from a more than five-week low in the previous session, supported by a pause in global equities' rally, while a firmer dollar curbed gains.Spot gold was up 0.2 per cent at $1,290.04 per ounce, as of 0654 GMT,...

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Korean envoy visits Fair Electronics’ plant

Ambassador of the Republic of Korea Hu Kang-il visited Fair Electronics Manufacturing plant at Narsingdi on Tuesday, said a statement.Director General of Kotra Kim Jong-won; Samsung Electronics Bangladesh Managing Director, SeungwonYoun; General Manager, Bomin Kim; Fair Group Chairman Ruhul Alam Al Mahbub and high officials from Fair Group were present...

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Huawei opens its gates in widening PR assault

DONGGUAN (China), Mar 06 (AFP): Chinese telecom giant Huawei gave foreign media a peek into its state-of-the-art facilities Wednesday as the normally secretive company steps up a counter-offensive against US warnings that it could be used by Beijing for espionage and sabotage.Huawei has kicked off the year with an aggressive...

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Sinopec may ink 20-yr LNG deal with Cheniere

SINGAPORE, Mar 06 (Reuters): China Petroleum and Chemical Corp plans to sign a 20-year liquefied natural gas (LNG) supply agreement with Cheniere Energy once China and the United States end their trade dispute, two sources with knowledge of the matter said on Wednesday.Cheniere and China Petroleum and Chemical, known as...

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Pemex partners to invest $250m in two onshore blocks in Mexico

MEXICO CITY, Mar 06 (Reuters): Two private partners of Mexico's state-run oil company Pemex will invest a combined $250 million in two projects over the next four years as they aim to quickly ramp up crude output, according to plans approved on Tuesday.The joint venture partnerships with Pemex were initiatives...

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