By Shariq Khan BENGALURU (Reuters) -Oil prices closed steady on Tuesday after recovering from a near three-week low, drawing support from a weakening dollar and on data showing that demand for U.S. cr[...]
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Middle East
India’s Adani secures $2.5 billion share sale amid short-seller storm
By Chris Thomas, Aditya Kalra and Sriram M MUMBAI (Reuters) – Gautam Adani’s crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship fir[...]
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Cash is king in Lebanon as banks atrophy
By Maya Gebeily CHTAURA, Lebanon (Reuters) – The money exchange shop in Lebanon’s Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rate[...]
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Oil falls 2% as rate hikes loom and Russian flows stay strong
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped 2% on Monday, extending losses as looming increases to interest rates by major central banks weighed on demand and Russian exports remained st[...]
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Morgan Stanley’s Kayello to Step Down as Mena Head
DUBAI (Reuters) – Morgan Stanley’s regional head for the Middle East and North Africa (MENA) Sammy Kayello is stepping down, the bank said in an internal memo, though he will remain with t[...]
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With tiny EV, City Transformer takes aim at Europe’s urban markets
By Nick Carey (Reuters) – Israeli electric vehicle (EV) startup City Transformer aims to launch production of its small urban CT-2 model in Western Europe by the end of 2024 and will soon launch[...]
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Tesla chair testifies she would have quit if Musk had lied in 2018 tweets
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) – The board chair of Tesla Inc defended CEO Elon Musk in a securities fraud trial on Friday, telling jurors that she would have quit as a di[...]
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Oil prices settle lower on stronger supply outlook
By Laura Sanicola (Reuters) -Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth[...]
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WTO members overcome impasse, appoint chairs for negotiations
GENEVA (Reuters) – World Trade Organization members have overcome a months-long impasse over who will chair ongoing negotiations to fix new global trade rules for agriculture and fisheries, the[...]
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