English News
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Oil prices rise 2% but post weekly decline on demand fears
NEW YORK (Reuters) – Oil rose more than 2% in volatile trading on Friday, but finished the week about 7%…
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Coinbase pays $6.5 million to settle U.S. false reporting charges
WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Friday digital asset exchange Coinbase Inc paid $6.5…
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Pandemic leaves digital laggard Italy scrambling to catch up
MILAN (Reuters) – Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of…
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Saudi Aramco profit slumps 44% after Covid-battered year, but maintains dividend
KEY POINTS Saudi Aramco reported a 44% collapse in full year earnings, as the coronavirus punched the global economy, oil…
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Musk says Tesla would be shut down if its cars spied in China, elsewhere
KEY POINTS Sources said Friday that the Chinese military has banned Tesla cars from entering its complexes, citing security concerns…
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Say goodbye to $30 plane tickets. The era of dirt-cheap flights is ending
KEY POINTS Airfares fell sharply as Covid-19 cases spiked. Vacationers are starting to return, propping up fares and hotel rates.…
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The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels
KEY POINTS The Fed declined to extend a pandemic-era exemption that lowered bank capital requirements. Relaxing the so-called supplementary leverage…
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Gold rebounds as dollar, U.S. yields pull back
KEY POINTS Platinum rises as much as 3.4% SPDR Gold holdings hit lowest since April 2020 (CNBC)- Gold rose more…
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Dollar falls back from three-and-a-half month highs as yields stabilize
KEY POINTS The index that measures the dollar’s strength against a basket of other currencies was 0.4% lower by midday…
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Asia-Pacific markets mixed as shares in South Korea, China struggled for gains
KEY POINTS Asia-Pacific markets traded mixed Tuesday, after starting the week by struggling for gains in what some analysts have…
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European markets edge higher as bond yields retreat
KEY POINTS The euro zone economy contracted by 0.7% in the final quarter of 2020, the European statistics agency said…
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Oil prices rise on expected economic recovery, likely drawdown in stocks
(CNBC)- Oil prices rose on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved…
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