Oil slips as supply worries ease on Ukraine peace deal hopes
NEW YORK, Feb 15 (Reuters): Oil prices settled down on Friday on prospects for a peace deal between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow, but losses were limited by a delay in US immediate reciprocal tariffs.Brent futures settled down 28 cents, or...
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MEGHNA PETROLEUM HOLDS 46TH ANNUAL GENERAL MEETING
The 46th Annual General Meeting (AGM) of Meghna Petroleum Limited was held on a digital platform on Saturday. The meeting was presided over by Chairman of the company's Board of Directors Farzana Momtaz. A large number of shareholders joined the meeting virtually. Md Tipu Sultan, Managing Director of Meghna Petroleum,...
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Gold dips on profit-taking
Gold prices fell over 1 per cent on Friday due to profit-taking, although they remained poised for their seventh straight weekly rise, driven by fears of a global trade war in the wake of US President Donald Trump's push for reciprocal tariffs, reports Reuters.Spot gold fell 1.6 per cent to...
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Trump okays LNG exports, creates energy council to boost US oil, gas
WASHINGTON, Feb 15 (Reuters): US President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year. The exports are approved to go...
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US retail sales post biggest drop in nearly 2 yrs
WASHINGTON, Feb 15 (Reuters): US retail sales dropped by the most in nearly two years in January, likely weighed down by frigid temperatures, wildfires and motor vehicle shortages, suggesting a sharp slowdown in economic growth early in the first quarter.But the larger-than-expected and across the board decline in retail sales...
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KSA’s revenue rises to $336b as non-oil income surges
RIYADH, Feb 15 (Arab News): Saudi Arabia's total government revenues reached SR1.26 trillion ($336 billion) in 2024, marking a 4 per cent increase from the previous year and exceeding the initial budget estimates by 7 per cent, the latest official data showed. According to the budget performance report released by...
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Brazil soy lobby tells growers to reject EU anti-deforestation rule in contracts
SAO PAULO, Feb 15 (Reuters): A powerful Brazilian soy grower lobby is recommending farmers reject the inclusion in soy purchase and sale contracts of the obligation to comply with the European Union anti-deforestation law, according to a statement on Friday.Europe's landmark legislation will ban the import of beef, soy and...
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Meta plans investments into AI-driven humanoid robots
NEW YORK, Feb 15 (Reuters): Meta Platforms is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday.Facebook parent Meta is entering the competitive field of humanoid robotics, joining...
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