Business

Oil prices fell on Monday, dragged down as U.S. oil drilling activity rose to its highest level since March 2015, while increasing output in Russia also weighed on the market, Reuters reported. Analysts expect surging […]

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Panic among foreign investors over the latest U.S. sanctions against an array of Russian companies did not last for long, Izvestya reports citing official data that shows over 60% of Russian assets sold in April have […]

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The U.S. government has asked Saudi Arabia and some other OPEC producers to increase oil production by about a million barrels a day, according to people familiar with the matter, Bloomberg informs. The rare request […]

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Russia should follow the lead of the European Union, Mexico, and Canada and respond harshly to the United States’ tariffs on steel and aluminum imports, a senior Russian lawmaker, Vladimir Gutenev, said on Saturday, according to […]

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U.S. Commerce Secretary Wilbur Ross is expected to meet Chinese Vice Premier Liu He on Sunday, a U.S. government official said, as officials from the world’s two biggest economies try to calm an escalating trade […]

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Major U.S. trading partners, including Canada, Mexico, and the EU fired back on Thursday at the Trump administration’s steel and aluminum tariffs, saying they will fight back against them. “This is protectionism, pure and simple,” […]

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Germany’s Economy Minister Peter Altmaier accused Washington of seeking to block the planned Nord Stream 2 gas pipeline between Russia and Germany to shore up its own exports, Reuters reported. The statement comes after the U.S. […]

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Democratic Representative Eric Swalwell on Tuesday said that there is a big possibility President Donald Trump’s business interests are influencing his foreign policy decisions regarding Russia, China, and Turkey. “I think the reason that he […]

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Oil rose to its highest level since late 2014 in Asia-Pacific trading amid rising tension between the U.S. and Iran, according to an article in the Financial Times. Meanwhile, global stocks are firming in the wake […]

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Jared Kushner’s family received financing from an internet bank that was until recently the subject of federal investigation in order to fund development projects in New Jersey and Brooklyn, New York, according to reports. BofI […]

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The U.S. Environmental Protection Agency granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under a federal […]

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Amazon.com Inc. cut ties with Washington’s biggest lobbying firm and brought on new advisers following passage of the tax overhaul bill last year and in the face of new challenges in the age of President Donald […]

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The rising U.S. shale oil production, as well as efficiency improvements from the world’s largest oil-producing firms and countries, will most likely cause the price slide back to near $50 a barrel, research by investment […]

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Commerce Secretary Wilbur Ross said the trade agreement with South Korea would never have happened without U.S. tariffs and that portends well for potential agreements with other countries, CNBC informed. He said the Trump administration is also making progress […]

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The U.S. administration last week sent a letter to Chinese economic overseer Liu He seeking a tariff cut on U.S. autos to help cut China’s trade surplus with the United States, the Wall Street Journal said, citing unnamed sources, CNBC informed. In […]

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China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning, CNBC The U.S. goods, which had an import value of $3 billion in […]

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