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Updated: 19 hours 52 min ago

Trump calls for World Bank to stop loaning to China

Sat, 12/07/2019 - 09:22
U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington's objections.

Saudi energy minister talks OPEC+ unity, backs Aramco to soar

Sat, 12/07/2019 - 07:21
OPEC and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia's energy minister told Reuters.

Wall Street climbs on solid jobs data, trade hopes

Sat, 12/07/2019 - 04:37
Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.

Tesla Inc boss Elon Musk wins defamation trial over 'pedo guy' tweet

Sat, 12/07/2019 - 04:22
A U.S. District Court jury in Los Angeles on Friday found in favour of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.

FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes

Sat, 12/07/2019 - 04:12
The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million (£3.04 million) fine on Boeing Co , alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes.

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

Sat, 12/07/2019 - 02:46
By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

Oil rises sharply this week as OPEC+ agrees on deeper output cuts

Sat, 12/07/2019 - 02:33
Oil prices rose more than 1% on Friday and posted sharp weekly gains after OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.

Dollar shines after blockbuster U.S. jobs report; data backs steady Fed

Sat, 12/07/2019 - 02:30
The dollar gained on Friday after five straight days of losses, lifted by data showing the U.S. economy created many more jobs than expected in November, backing the Federal Reserve's stance of keeping interest rates on hold after cutting them three times this year.

Oil rises sharply this week as OPEC+ agrees on deeper output cuts

Sat, 12/07/2019 - 02:26
Oil prices rose more than 1% on Friday and posted sharp weekly gains after OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.

Ecuador awards 20.2 million barrel oil supply contract to Shell unit

Sat, 12/07/2019 - 00:27
Ecuador's state-run oil company Petroecuador said on Friday it had awarded a unit of Royal Dutch Shell a contract to lift some 20.2 million barrels of Oriente-grade crude between 2020 and 2023.

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