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China giveth and China taketh away. Beijing managed to do both these things at once in its response to the Strait of Hormuz oil shock. By massively reducing its imports of crude, it gave to the world, becoming the “invisible hand” that stopped prices from reaching $200 a barrel. But what if much of
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Future of indebted group is a potentially expensive issue for UK’s presumptive next prime minister
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Saudi oil price cut unlikely to convince sated Asia buyers, traders say Reuters
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Solstice CEO says Wall Street misread ESI acquisition after 15% stock drop
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Oil prices gain as focus shifts to supply recovery and demand Reuters
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The European Central Bank is navigating an uncertain economic situation even as the US and Iran move closer to a lasting peace deal, according to Governing Council member Fabio Panetta.
Samsung profit soars 19 times but shares slump 9% on oversupply worries
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Trading Day: Chips bounce back, oil eases Reuters
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Asian equities fell as renewed selling in technology stocks deepened concerns that the AI-driven rally may have run ahead of itself. Oil rose after a Qatari LNG ship was struck.
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General Fusion expected to become the first publicly traded, pure-play fusion company