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Plunging crude imports forced Chinese oil processors to sharply reduce output last month, with runs in the state-owned sector dropping to multiyear lows.
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Bond yields in the US, UK and Japan have climbed to multi-year highs.
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Japanese government bonds sold off on Monday sending yields to record highs as rising oil prices fueled inflation fears. Here’s what strategists are saying:
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Hedge funds and asset managers piled into bearish sterling option bets last week after Manchester Mayor Andy Burnham secured a pathway to potentially challenge for UK prime minister, raising fears of political instability and looser fiscal policy.
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Japan’s five-year government bond auction Monday saw lower demand than the 12-month average as elevated oil prices fueled inflation concerns.
NextEra is said to near record $66 billion deal for Dominion Energy
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