Oil prices edge down as wary traders eye upcoming OPEC+ meeting

SINGAPORE (Reuters) – Oil prices edged down on Monday as traders took profits, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian […]

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Asia’s factory pain worsens as China’s recovery fails to lift demand

TOKYO (Reuters) – Asia’s factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering the sharpest declines in business activity in more than a decade. FILE PHOTO: Employees wearing protective face masks and face guards work on the automobile assembly […]

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Asia stocks reach 3-month peaks, resilient to U.S. riots

SYDNEY (Reuters) – Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past an electronic board showing the […]

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Asia stocks prove resilient to US riots as S&P futures bounce

SYDNEY (Reuters) – Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past an electronic board showing the […]

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Oil prices slip as wary traders eye upcoming OPEC+ meeting

SINGAPORE (Reuters) – Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the […]

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Asia cautious as U.S. riots weigh on S&P futures

SYDNEY (Reuters) – Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington’s power struggle with Beijing. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past an electronic board showing […]

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Crude prices fall on concerns of U.S. riots, even as OPEC meeting advanced

NEW YORK (Reuters) – Oil prices fell due to concerns about riots in major U.S. cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian Basin […]

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Coty to appoint Chairman Peter Harf as its new CEO: WSJ

FILE PHOTO: A screen displays the logo and trading information for Coty Inc at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid (Reuters) – Coty Inc (COTY.N) is set to announce that Peter Harf, its current chairman, will become the cosmetics company’s new chief executive officer, replacing Pierre […]

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Retailers already hit by coronavirus board up as U.S. protests rage

FILE PHOTO: People walk past boarded up stores as demonstrations against the death in Minneapolis police custody of George Floyd continue, in Minneapolis, Minnesota, U.S., May 30, 2020. REUTERS/Lucas Jackson NEW YORK (Reuters) – Retail giant Target shuttered stores across the U.S. as retailers already reeling from closures due to the coronavirus pandemic shut stores […]

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