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Oil rallies but oversupply, economic growth weigh

LONDON (Reuters) – Oil prices rose on Monday after a key Middle East oil minister suggested the market was rebalancing, but investor sentiment remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. A gas station worker pumps fuel into a motorbike at …

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Futures dip as growth worries linger; Fed in focus

(Reuters) – U.S. stock index futures started the week cautiously on Monday, after skidding at the end of last week, as edgy investors waited for the Federal Reserve’s monetary policy guidance and its implications of slowing global growth. Traders work on the floor of the New York Stock Exchange (NYSE) …

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ABB to sell Power Grids to Hitachi, revamp business structure

A man takes pictures of the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company’s full year results, in Zurich, Switzerland, February 8, 2018. REUTERS/Moritz Hager ZURICH (Reuters) – ABB (ABBN.S) reached a deal with Japan’s Hitachi (6501.T) to sell its …

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Oil prices rise, but global economic concerns weigh

SINGAPORE (Reuters) – Oil prices climbed on Monday after U.S. drilling activity fell to its lowest level in about two months, but increasing concerns about weaker growth in major economies kept a lid on gains. A gas station worker pumps fuel into a motorbike at a gas station of the …

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Canada says China has granted consular access to second detainee

Canadian businessman Michael Spavor arrives next to the former NBA basketball player Dennis Rodman (not pictured) after a trip to North Korea, at Beijing Capital International Airport, Beijing, China January 13, 2014. Picture taken January 13, 2014. REUTERS/Kim Kyung-Hoon OTTAWA (Reuters) – Canadian diplomats were granted consular access on Sunday …

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