Biden on Thursday announced a release of a record-shattering 180 million barrels of oil from the Strategic Petroleum Reserve, the nation’s emergency stockpile of oil. The staggering size of the release — more than …
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On Friday, Shanghai extended restrictions in many parts of the city, which is home to China’s financial hub and one of the world’s busiest ports. The Port of Shanghai had already been suffering from major holdups, and the extension may worsen congestion …
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New York (CNN Business) Skippy Foods, LLC, is recalling thousands of pounds of Skippy peanut butter because of stainless steel fragments possibly contaminating “a limited number of jars.” The company, which is owned by Hormel Foods (HRL), …
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Mergers and acquisitions (M&A) and equity capital market activity declined sharply in the region over January-March, according to Refinitiv data, with Chinese stocks among the biggest losers in Asia. M&A involving companies …
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MELBOURNE, April 1 (Reuters) – Australia has agreed to pay A$325 million ($244 million) for the first stage of clean-up at an abandoned oil field in the Timor Sea, and Parliament has passed a law to slap a levy on oil and gas producers to cover the …
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