The spectacular surge in the cost of chartering oil tankers is rippling through the crude market, as fears that shipments will be constrained begin to weigh on gauges of market strength. The nearest WTI contract is trading at a discount to the following month — a …
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LONDON (Reuters) – Facebook’s (FB.O) Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.
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NEW YORK — Japanese investment firm Softbank could take control of WeWork as part of a financial package to address the company’s cash crunch since its botched effort to sell the public its stock, according to The Wall Street Journal. The deal would …
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A feud at one of Italy’s most powerful dynasties has burst into the open after tycoon Carlo De Benedetti sought to regain a stake in the newspaper business he founded and has accused his sons of mismanaging. Shares in GEDI media group, which is home to …
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The world’s largest investment banks are pouring billions into fossil fuels. According to the Guardian newspaper, over $700 billion worth of “loans, equity issuances and debt underwriting” has funneled its way into fossil fuels and fossil fuel-based companies …
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