Oil falls as Covid-19 infections raise demand concerns
TOKYO, Oct 26 (Reuters): Oil fell 3.0 per cent on Monday, extending last week's losses as growing cases of COVID-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment.Brent crude LCOc1 was down $1.25 cents, or 3.0 per cent,...
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China's new int'l copper contract comes at the right time: Analyst
LAUNCESTON (Australia), Oct 26 (Reuters): Next month's launch of an international copper contract in China comes at an opportune moment, as the world's largest importer and consumer of the industrial metal shows once again just how much it dominates the market discourse.The futures contract will launch on the Shanghai International...
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JAL considering 300b yen in subordinated loans
TOKYO, Oct 26 (Reuters): Japan Airlines Co is considering raising as much as 300 billion yen ($2.9 billion) in subordinated loans and plans to start talks with a group of banks on the financing, Kyodo News reported on Monday.JAL is expected to report around an 85 billion yen loss from...
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Chevron bets on Middle East gas riches and reconciliation
HOUSTON/LONDON, Oct 26 (Reuters): After years of focusing on US shale, Chevron Corp is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily.CEO Michael Wirth's pivot away from home is underpinned by a bet that the Middle East...
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