Oil Retreats After US Inventory Rise, but Demand Hopes Stem Bigger Drop

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Oil Retreats After US Inventory Rise, but Demand Hopes Stem Bigger Drop

SINGAPORE — Oil prices fell on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year prevented a bigger fall in prices. The decline followed a gain of more than 1% in the previous …
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Unilever warning shows global economy still fragile

LONDON – A sales warning from one of the world’s biggest consumer goods companies is undermining hopes for a significantly stronger global economy in 2020. Unilever, which owns brands including Dove and Ben & Jerry’s, said Tuesday that it won’t meet …
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Samsung Chair sentenced to jail for breaking labour laws

Samsung Electronics’ chairman of the board Lee Sang-hoon has been sentenced to 18 months in jail for sabotaging labour union activities. Lee is among 26 Samsung executives that were convicted by the Seoul Central District Court for violating labour union …
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Explainer: Australia's Biggest Banks Reel From String of Scandals

(Reuters) – Australia’s banking industry is reeling from a series of regulatory scandals. Here is a broad summary of the issues: Why are major Australian banks in trouble? Australian banks are still feeling the fallout from a year long government-led inquiry into …
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PRECIOUS-Gold muted as investors await trade deal details; palladium dips

… * Dollar index near one-week high * Asian shares hit 18-month peak * SPDR Gold Trust Holdings fall 0.6% By Asha Sistla Dec 18 (Reuters) – Gold prices were largely subdued on Wednesday, with investors awaiting more details on U.S.-China trade deal, …
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