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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Canada launches new Indo-Pacific strategy, focuses on 'disruptive' China

Canada launches new Indo-Pacific strategy, focuses on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, pledging more resources to deal with a “disruptive” China while working with the world’s second-largest economy on climate change and trade issues. . The 26-page document outlines spending of C$2.6 billion ($1.9 billion), including bolstering Canada’s military and cybersecurity presence in the …

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China's industrial profits fall further as COVID woes weigh on economy

China’s industrial profits fall further as COVID woes weigh on economy

Industrial profits from January to October -3.0% per year compared to -2.3% in January to September Risks from national COVID outbreaks and global recession flagged BEIJING, Nov 27 (Reuters) – Chinese industrial firms saw their overall profits decline further in the January-October period as COVID-19 outbreaks erupted and cities imposed new anti-corruption measures. viruses, including …

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Ukraine and partners launch $150m grain export plan to help vulnerable countries

Ukraine and partners launch $150m grain export plan to help vulnerable countries

International leaders attend the summit in person The summit coincides with the Stalin-era famine memorial The initiative adds to the UN export plan KYIV, Nov 26 (Reuters) – Ukrainian President Volodymyr Zelenskiy held a summit with allied nations in Kyiv on Saturday to launch a plan to export $150 million of grain to countries most …

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Analysis: Egypt not off the hook after IMF bailout deal

Analysis: Egypt not off the hook after IMF bailout deal

The Egyptian pound is trading at 8% discount on the black market October’s $3 billion IMF deal helps rally bond prices Little demand so far for Treasuries or FDI, analysts say Egypt must repay $33.9 billion in external debt until mid-2025 CAIRO/LONDON, Nov 25 (Reuters) – Egyptian finances remain in a precarious state despite two …

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Turkey in final-stage talks for up to $10 billion in funding from Qatar - sources

Turkey in final-stage talks for up to $10 billion in funding from Qatar – sources

ANKARA, Nov 25 (Reuters) – Turkey and Qatar are in the final stages of Doha talks to provide up to $10 billion in funding to Ankara, including up to $3 billion by the end of this year, two senior Turkish officials and another source told Reuters. One of the officials said the full funding could …

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