Oil extends loss on India COVID-19 cases, U.S. pipeline restart

SINGAPORE (Reuters) – Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack.FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area […]

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Mexico's first locally produced AstraZeneca vaccines to be ready in May

FILE PHOTO: Mexico’s Finance Minister Arturo Herrera gestures as he speaks during an interview with Reuters, at the National Palace in Mexico City, Mexico December 30, 2020. REUTERS/Gustavo Graf Maldonado/File PhotoMEXICO CITY (Reuters) – Mexico’s Finance Minister Arturo Herrera said on Thursday that the first batch of AstraZeneca COVID-19 vaccines bottled in Mexico would be ready later this month, after […]

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Ontario extends stay-at-home order to June 2 as COVID-19 cases trend down

FILE PHOTO: Ontario Premier Doug Ford receives the Astrazeneca-Oxford coronavirus disease (COVID-19) vaccine at Shoppers Drug Mart in Toronto, Ontario, Canada April 9, 2021. Nathan Denette/Pool via REUTERS/File PhotoTORONTO (Reuters) – Ontario will extend its stay-at-home order for an additional two weeks to June 2, as COVID-19 cases finally begin to trend downwards in one of Canada’s hardest hit provinces, […]

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Commodity stocks, inflation worries drag FTSE 100 to over 5-week low

(Reuters) -London’s FTSE 100 fell on Thursday, dragged down by losses in heavyweight commodity stocks and Burberry Group, while fears of a spike in inflation as the economy recovers hurt demand for equities.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleThe blue-chip index slipped 0.6% to its lowest […]

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ICC prosecutor warns against crimes in escalating Israel-Palestinian violence

THE HAGUE, Netherlands (Reuters) – Individuals involved in a new eruption of Israeli-Palestinian bloodshed may be targeted by an International Criminal Court investigation now under way into alleged war crimes in earlier bouts of the conflict, its top prosecutor said in an interview.FILE PHOTO: Public Prosecutor Fatou Bensouda attends the trial for Malian Islamist militant Al-Hassan Ag Abdoul Aziz Ag […]

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Top U.S. fuel pipeline recovering from devastating ransomware attack

(Reuters) – After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels to East Coast states after throwing off a crippling cyberattack.Slideshow ( 3 images )The Colonial Pipeline Co, which can carry 100 million gallons per day of gasoline, diesel and jet fuel, resumed computer-controlled pumping after adding […]

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Inflation fears rattle European stocks

(Reuters) -European stocks slid on Thursday, tracking an overnight selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 28, 2021. REUTERS/StaffThe pan-European STOXX 600 index fell 1.6%, drifting […]

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Stock futures fall as selloff continues

Stock market could be undervalued going into 2022: Investment strategist The Leuthold Group chief investment strategist Jim Paulsen reacts to the CPI report on inflation and discusses his outlook for the market. U.S. equity futures are trading lower as the stock plunge from Wednesday continues. The major futures indexes suggest a decline of 0.5% when Wall Street's Thursday session begins. […]

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China stocks end lower on soft bank lending, Sino-U.S. tensions

SHANGHAI, May 13 (Reuters) – China stocks ended lower on Thursday after the country’s latest bank lending data missed forecasts, and as Sino-U.S. tensions weighed. ** The blue-chip CSI300 index fell 1.0% to 4,992.97, while the Shanghai Composite Index shed 1% to 3,429.54 points. ** Chinese banks extended 1.47 trillion yuan ($227.91 billion) in new yuan loans in April, down […]

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