Stories By 'Reuters'
Oil fell on Thursday, driven lower by the prospect of the first increase in Opec output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in US crude inventories raised doubt over seasonal demand.
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Pump prices of petrol and diesel in India surged to a record high on Thursday, raising pressure on the government to find a solution to provide relief to consumers without taking a hit on its finances.
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China said on Thursday it would “open its door wider” to German businesses, helping visiting Chancellor Angela Merkel defend free commerce and counterbalance trade threats from US President Donald Trump that are testing transatlantic ties.
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Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in other top exporters remained relatively muted.
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Italian President Sergio Mattarella summoned on Wednesday a political novice who has been put forward by the anti-establishment 5-Star Movement and far-right League as their candidate to lead a coalition government.
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Indian health officials were checking on Wednesday if a rare, brain-damaging virus had spread to a second state after two suspected cases reported in southern Karnataka, as the death toll in adjacent Kerala, where the outbreak began, rose to 11.
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Twenty20 cricket is perceived primarily as a stage on which young players perform best but the war horses at Chennai Super Kings have turned that notion on its head by marching into the Indian Premier League (IPL) final for a record seventh time.
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Indian Oil Corp (IOC), the country’s top refiner, will turn to its traditional oil suppliers, mostly in the Middle East, if US sanctions against Iran result in supply disruptions, its head of finance said.
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Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash.She is among hundreds of millions of people whom firms such as Softbank Group-backed Grab and China’s Tencent want to win over as they try to tap into Southeast Asia’s burgeoning internet sector.
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Consumer Reports said Tuesday it will retest brakes on Tesla Inc’s (TSLA.O) new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine’s negative review weighed on Tesla shares.
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China’s state grain stockpiler has returned this week to the US soybean market for the first time since early April, a sign Beijing is preparing to resume purchases as trade tensions between the world’s top two economies ease, two sources said.
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