• MABUX: Global fuel market is looking for the new drivers
MABUX: Global fuel market is looking for the new drivers

If Iran or any other country had walked out of the discussions, it would not have made any practical difference to the amount of oil supplied to the market in the second half of 2018. She added that the USA "understands the logistics that come into play with Iran", referring to Indian interests in developing the strategically located Iranian port...

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  • Oil rises amid outages, but OPEC policy and escalating trade rows weigh
Oil rises amid outages, but OPEC policy and escalating trade rows weigh

Prices were on track for the highest close since November 2014, according to CQG. August Brent crude, the global benchmark, rose $1.03, or 1.4%, to $75.76 a barrel, poised for the highest finish in almost two weeks. consumer. "Plus, it could very well be that by September we can see Venezuela's production has declined even more, and OPEC as a...

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  • Trump says Saudi Arabia has agreed to increase oil production
Trump says Saudi Arabia has agreed to increase oil production

President Trump said Saturday that he persuaded the king of Saudi Arabia to increase oil production in an effort to lower gas prices in the U.S. The US president says King Salman agreed, although that claim remains unconfirmed by Riyadh.

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  • Amazon Recruits Potential Delivery Firms As UPS, FedEx Tumble
Amazon Recruits Potential Delivery Firms As UPS, FedEx Tumble

Delivery partners who are accepted into Amazon's program could earn about $300,000 in annual profits operating a fleet of up to 40 delivery vehicles, the company said. It loses money every year largely because of pension and health care costs, and not, as the president claimed, because Amazon is using USPS as its "delivery boy".

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  • Canada hits back at US with $12.6 billion in retaliatory tariffs
Canada hits back at US with $12.6 billion in retaliatory tariffs

As temperatures and tensions increase, the measures targeting Can$16.6 billion ($12.6 billion) in United States steel, aluminum and consumer goods will take effect on Sunday , when Canadians celebrate a national holiday and just days before Americans celebrate Independence Day amid a heatwave expected in both countries.

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  • Toys R Us closes final stores Friday
Toys R Us closes final stores Friday

Another poster has a letter from Geoffrey that reads: 'One day, all of us will get separated from each other. "What we're asking is that the executives at Toys "R" Us would allow us to be the stewards of Geoffrey, their mascot, as a way for us to raise awareness for giraffe conservation".

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  • How is the Carbon dioxide shortage impacting food and beverage businesses?
How is the Carbon dioxide shortage impacting food and beverage businesses?

The retailer, which supplies restaurants and bars, is limiting orders to 10 cases of beer and five of cider or soft drinks, the BBC has reported. The problem has been largely caused by shutdowns for maintenance at plants which produce food grade CO2, which is also used for things such as carbonated drinks, beer-making and vacuum packing.

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  • Opposition slams BJP govt for rise in Swiss bank deposits in 2017
Opposition slams BJP govt for rise in Swiss bank deposits in 2017

The Swiss National Bank's annual report had said on Thursday that Indian money in Swiss banks rose from CHF 676 million (around Rs 4,670 crore) in 2016 to CHF 1.01 billion (Rs 6,974 crore) in 2017. The money parked directly with the banks is now pegged at CHF 999 million (Rs 6,891 crore) and another CHF 16.2 million (Rs 112 crore) through fiduc...

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  • Flights in and out of Bali cancelled
Flights in and out of Bali cancelled

The regional volcanic ash advisory centre in Darwin said winds could carry the ash southwest toward Bali's global airport and Java, Indonesia's most densely populated island. Mount Agung volcano erupts during the night, as seen from Datah village, Karangasem Regency in Bali, Indonesia on June 29, 2018. The regional volcanic ash advisory centre in...

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  • Trade war worries whack Wall Street and European markets. We're next!
Trade war worries whack Wall Street and European markets. We're next!

A woman works on socks that will be exported at a factory in Huaibei in China's eastern Anhui province on June 22, 2018. It will hurt the earnings of US exporters and likely trim economic growth. "Practice repeatedly tells us, key core technology can not be demanded, bought or begged", he said. The economic dialogue in Beijing on Monday, the ...

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  • Indian rupee crashes to all time low of 69 against USA dollar
Indian rupee crashes to all time low of 69 against USA dollar

Mumbai: The benchmark Sensex fell over 90 points in early trade today after the rupee sank to a lifetime low of 69.10 against the U.S. dollar amid firming crude oil prices. "Weakening at this pace shatters confidence". Mumbai: The Indian rupee touched an all-time low and breached the 69 per dollar mark on Thursday due to high crude oil pric...

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  • After Airbus, Warning Comes From BMW For The UK
After Airbus, Warning Comes From BMW For The UK

However he stressed that the group did not want to see delays to its European supply base, or vehicle parts arriving into the United Kingdom from the continent. Last week, plane manufacturer Airbus warned it could pull out of the United Kingdom with the loss of thousands of jobs if Britain crashed out of the European Union without a deal.

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  • Trump backs off restricting China investment
Trump backs off restricting China investment

Asked about this apparent change in position, Mnuchin said, "It is not a question of whether we are focusing on China or we are not focusing on China" but rather an issue of using all available tools to deal with US-China trade disputes. The U.S.is planning to impose tariffs on $34 billion in Chinese goods on July 6, an amount that could reach $4...

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  • Turkey's Erdogan renews hold on power with election victory
Turkey's Erdogan renews hold on power with election victory

His main rival said Monday he accepted results handing victory to the Turkish strongman in the first round, urging him to be a leader of all Turks. The election commission later confirmed Erdogan the victor, and also said Erdogan's Justice and development Party (AKP) and its allied Nationalist Movement Party (MHP) had retained their parliamen...

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  • Trump ups the ante on import tariffs ahead of talks with India
Trump ups the ante on import tariffs ahead of talks with India

Trump tweeted Tuesday that Harley-Davidson had already announced it was closing a Kansas City plant and moving those jobs to Thailand. Harley-Davidson should stay 100% in America, with the people that got you your success. Trump then threatened the company "will be taxed like never before" if they follow through with the move . Harley-Davi...

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  • Harley-Davidson moves European production out of U.S.
Harley-Davidson moves European production out of U.S.

Trump responded angrily to the Harley-Davidson's announcement on Monday, saying he has fought hard for the 115-year-old Milwaukee-based company and was surprised by its plans, which he described as waving the "White Flag". "Shows how unbalanced & unfair trade is, but we will fix it", the president also stated . According to NPR , Harley Davids...

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  • Why markets don't like U.S. investment restrictions on China
Why markets don't like U.S. investment restrictions on China

In corporate America, a unilateral approach by the Trump administration to restricting investment could be even more unpopular. Trump has also suggested that his attempts to pressure China on trade might make it less cooperative in his "maximum pressure" campaign against North Korea.

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  • Protests In Iran Erupt While US Sanctions Loom
Protests In Iran Erupt While US Sanctions Loom

Iran's semi-official news agencies, Fars, ISNA and Tasnim, described the protests at the Grand Bazaar as having erupted after the Iranian rial dropped to 90,000 to the US dollar on the country's black market, despite government attempts to control the currency rate.

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  • OPEC pledges to increase production to 100% of targeted cuts
OPEC pledges to increase production to 100% of targeted cuts

The oil producers gathering in Vienna showed some flexibility in oil production policy, according to Saudi Arabia's Energy Minister Khalid al-Falih. A group of 24 Opec and non-Opec oil producing countries representing over half of total global oil supplies met in Vienna this week to discuss the state of the oil market and determine whether additi...

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  • ‘Zero waivers ever’: U.S. wants India to stop oil imports from Iran
‘Zero waivers ever’: U.S. wants India to stop oil imports from Iran

Iranian President Hassan Rouhani accused the USA on Tuesday of waging an "economic war" against his country. "The US can not defeat our nation, our enemies are not able to get us to their knees". On Tuesday morning, Mr Rouhani met with judges, including the head of Iran's judiciary and parliament, where he struck a hard line against America, despit...

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