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Trump’s bid to sell US oil would cut Opec

Trumps bid to sell US oil would cut Opec picture-12845-310x165

  OPEC Committee Recommends Nine-Month Oil-Cuts Extension Congress has already ordered the U.S. Energy Department to sell 25 million barrels of reserve oil in fiscal 2018 to fund government programs Long term, reducing the oil reserve might be a good thing for the market, said Carl Larry, principal at Oil …

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2017-05-29 : Dollar regain Only Slightly After wary Fed few minutes

2017 05 29 : Dollar  regain Only Slightly After  wary Fed few minutes picture-12833-310x165

After Friday’s pullback against a resurgent dollar, the euro remained below the key $1.1200 level in Asian trading today. Forex Market Review (Asian Session) – Dollar boosted by Fed speaker and US GDP; pound rebounds after latest election pollFacebook Google Plus TweetThe dollar was boosted after comments by Federal Reserve …

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Valspar start on June 1, while winning final regulatory green-light

Valspar start on June 1, while winning final regulatory green light picture-12814-310x165

Valspar, a Minneapolis-based global paints and coatings company whose consumer paints are sold in home-improvement stores, will be the largest acquisition in Sherwin-Williams’ 151-year history. The deal will create a mammoth global paint company with combined estimated revenues of $15.6 billion, adjusted earnings of $2.8 billion, and about 58,000 employees. …

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M&S profits drop as clothing and houseware sales off 10%

M&S profits drop as clothing  and houseware sales off 10% picture-12794-300x165

  M&S profits drop as clothing  and houseware sales off 10% Retail giant Marks & Spencer has seen annual profits tumble by nearly two-thirds and revealed sales across its under-pressure clothing arm have plunged back into reverse. Underlying pre-tax profits were 10.3 per cent lower at £613.8m in the year …

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FOREX dollar stayed pinned near 6-1/2-month lows on Wednesday

FOREX dollar stayed pinned near 6 1/2 month lows on Wednesday picture-12795-300x165

  FOREX dollar stayed pinned near 6-1/2-month lows on Wednesday, investors’ focus shifting from U.S. politics to monetary policy after comments from a Federal Reserve official rekindled expectations of an interest rate hike next month. That could temper expectations from the Fed for a June hike, although the Fed noted …

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