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January 17, 2020

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Reuters - Business

Oil steadies as Chinese economy offsets trade optimism

Reuters
by Reuters01
NEW YORK (Reuters) – Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour......
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Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
by Reuters01
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
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Reuters - Business

Renault expects slight 2020 car market decline in Europe, Russia and China

Reuters
by Reuters01
PARIS (Reuters) – Renault (RENA.PA) said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed. FILE PHOTO: A Renault Clio E-Tech Hybrid car......
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Reuters - Business

Oil steady ahead of data seen confirming sluggish China growth

Reuters
by Reuters03
FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo TOKYO (Reuters) – Oil prices were steady on Friday as investors braced for data expected to......
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Reuters - Business

Oil ends higher, as trade deal progress spurs energy demand hopes

Reuters
by Reuters02
NEW YORK (Reuters) – Oil rose about 1% on Thursday, as progress on another major trade deal fed optimism that energy demand will grow in 2020. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann The U.S. Senate approved a......
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Reuters - Business

Renault, Nissan share ‘real desire’ to make alliance work: chairman

Reuters
by Reuters08
PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said on Thursday there was a “real desire” within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following......
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Reuters - Business

Carlos Ghosn’s Japanese lawyers quit after former Nissan chief absconds

Reuters
by Reuters05
TOKYO (Reuters) – Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fighting financial misconduct charges. In an emailed statement, Hironaka said everyone involved in the case at his practice had resigned.......
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Reuters - Business

Oil gains after U.S.-China trade deal, fall in inventories

Reuters
by Reuters03
TOKYO (Reuters) – Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre,......
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Reuters - Business

Ex-Nissan boss Carlos Ghosn’s lawyer Hironaka resigns: NHK

Reuters
by Reuters04
FILE PHOTO: Junichiro Hironaka, chief lawyer of the ousted Nissan Motor Co Ltd chairman Carlos Ghosn, attends a news conference in Tokyo, Japan, March 4, 2019. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Ousted Nissan Motor Co (7201.T) boss Carlos Ghosn’s lawyer, Junichiro Hironaka, has resigned following his client’s flight to......
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Reuters - Business

Oil slips on doubts about U.S.-China deal, OPEC outlook

Reuters
by Reuters07
LONDON (Reuters) – Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. FILE PHOTO: An oil pump is seen just after......
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Reuters - Business

OPEC expects lower demand for its oil as U.S. hits new milestone

Reuters
by Reuters03
LONDON (Reuters) – OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits......
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CNBC Business

Iran’s Rouhani makes veiled threat to US and EU troops in Middle East

CNBC
by CNBC016
CNBC – For more and to sign up click here Hassan Rouhani, Iran’s president, looks on during a news conference in Tehran, Iran, on February 6, 2018. Ali Mohammadi | Bloomberg | Getty Images DUBAI, United Arab Emirates ⁠— In an angry speech on state television, Iranian President Hassan Rouhani......
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Reuters - Business

JPMorgan first major brokerage to rate Saudi Aramco ‘overweight’

Reuters
by Reuters05
FILE PHOTO: Participants attend the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s stock market, in Riyadh, Saudi Arabia, December 11, 2019. REUTERS/Marwa Rashad DUBAI (Reuters) – JPMorgan (JPM.N) is the first major brokerage to initiate coverage of Saudi Aramco (2222.SE) with an......
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Reuters - Business

Oil drops on concerns that U.S.-China trade deal may not stoke demand

Reuters
by Reuters02
FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann SINGAPORE (Reuters) – Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not......
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Reuters - Business

Ghosn says French envoy told him Nissan was turning against him

Reuters
by Reuters03
BEIRUT (Reuters) – Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him. “Frankly, I was shocked by the arrest and the first......
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Reuters - Business

Why the Ukrainian plane tragedy is unlikely to lead to global airspace rules

Reuters
by Reuters02
MONTREAL/KUALA LUMPUR/PARIS (Reuters) – Why was the Ukrainian airliner mistakenly shot down near Tehran by Iranian forces last week for the loss of 176 lives even allowed to take off from a country that had just fired missiles towards its neighbor? And why didn’t the airline just delay or cancel......
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Reuters - Business

Exclusive: ‘I’m happy he did it’ – in Beirut, wife of fugitive Ghosn slams Japanese justice

Reuters
by Reuters06
BEIRUT (Reuters) – Carlos and Carole Ghosn, the former first couple of carmaker Nissan, are united again in Beirut. They hold hands in the street and whisper together in a mix of Arabic and French. They kiss. But the pair’s most visceral display of unity comes when they talk about......
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Reuters - Business

Ex-Nissan boss Ghosn says French envoy told him of inside plot

Reuters
by Reuters04
BEIRUT (Reuters) – Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him. “Frankly, I was shocked by the arrest and the first......
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Reuters - Business

Oil falls 1% as focus shifts to high U.S. fuel stocks

Reuters
by Reuters05
HOUSTON (Reuters) – Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week’s bearish U.S. report showing a large fuel stockbuilds. FILE PHOTO: Grandpuits oil refinery southeast of Paris, France, February 29, 2016. REUTERS/Christian Hartmann/File Photo......
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Reuters - Business

Oil rises as U.S.-Iran conflict eases, focus turns to trade deal

Reuters
by Reuters04
LONDON (Reuters) – Oil prices rose slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of an initial U.S.-China trade deal which could boost economic growth and demand. FILE PHOTO: Grandpuits oil refinery southeast of Paris, France, February 29, 2016. REUTERS/Christian......
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