By Maha El Dahan and Hadeel Al Sayegh DUBAI (Reuters) – Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding th[...]
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March 12, 2023
Yellen: working to address SVB collapse, but not looking at bailout
By Sarah N. Lynch, Rami Ayyub and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of[...]
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Silicon Valley Bank’s fall widens systemic cracks as cheap money vanishes
By David Randall and Davide Barbuscia NEW YORK (Reuters) -Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collaps[...]
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TotalEnergies: Strike continues for sixth day at company’s French sites
PARIS (Reuters) – TotalEnergies said on Sunday the rolling strike over the government’s planned pension reform continued for the sixth day running at its French refineries and depots, an c[...]
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Saudi Aramco reports record profit of $161.1 billion in 2022
By Hadeel Al Sayegh and Maha El Dahan DUBAI (Reuters) -Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher[...]
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US weighs new fund to backstop deposits if more banks fail, Bloomberg News says
(Reuters) – The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into troub[...]
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SVB collapse could add to China stock investors’ anxiety
By Summer Zhen HONG KONG (Reuters) – China stock investors, already disillusioned by Beijing’s lower-than-expected economic growth target for the year, will be further disheartened by the[...]
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‘Steady hand’: China surprisingly retains central bank chief
By Kevin Yao BEIJING (Reuters) – Yi Gang’s surprise re-appointment as China’s central bank governor on Sunday means a pro-market mind of high international stature will continue to r[...]
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U.S. Federal Reserve governors to hold closed-door Monday
(Reuters) – The U.S. Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures on Monday. The meeting from 11:30 a.m. (0330 GMT) will primarily[...]
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