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Oil market falls too big to offset with output cuts, IEA warns
FILE PHOTO: A long exposure image shows the movement of a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 23, 2019. Picture taken November 23, 2019. REUTERS/Angus...
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China’s Wuhan to fully resume rail, flight and freight ops by end-April: vice...
BEIJING (Reuters) – The vice mayor of Wuhan, epicentre of the coronavirus outbreak in China, said on Wednesday the city aimed to fully resume rail, flight and freight operations by the end of April...
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Global shares dip as dire warnings for global economy weigh
LONDON (Reuters) – Global share markets dipped into the red on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage done during the coronavirus panemdic...
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China urges United States to fulfil its WHO obligation
BEIJING (Reuters) – China urged the United States on Wednesday to fulfil its obligations to the World Health Organization (WHO), after U.S. President Donald Trump halted funding to the body over its...
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Trump will announce guidelines on reopening the economy Thursday
FILE PHOTO: U.S. President Donald Trump addresses the daily coronavirus task force briefing in the Rose Garden at the White House in Washington, U.S., April 15, 2020. REUTERS/Leah Millis WASHINGTON...
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Pompeo urges full transparency on coronavirus in call with top Chinese...
WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Wednesday pressed China’s top diplomat on the need for full transparency and information sharing as Washington ramped up its pressure on...
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Trading becomes a plus for Goldman once again during coronavirus rout
(Reuters) – For the first time in years, Goldman Sachs Group Inc’s (GS.N) having a sizeable trading business and a tiny consumer bank seems like a good idea. FILE PHOTO: A Goldman Sachs sign is...
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U.S. coronavirus deaths increase by record amount for second straight day –...
FILE PHOTO: Healthcare workers wheel the bodies of deceased people from the Wyckoff Heights Medical Center during the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York...
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Explainer: Why are some South Koreans who recovered from the coronavirus...
SEOUL (Reuters) – South Korean health officials are investigating several possible explanations for a small but growing number of recovered coronavirus patients who later test positive for the virus...
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Face masks may be ‘new normal’ in post-virus life as U.S. prepares gradual...
NEW YORK (Reuters) – The death toll from the coronavirus pandemic in the United States approached 31,000 on Wednesday as governors began cautiously preparing Americans for a post-virus life that would...
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Apple’s new budget iPhone unlikely to make splash in China where 5G now...
SHANGHAI (Reuters) – Apple Inc’s (AAPL.O) new iPhone SE for the budget-conscious is unlikely to be a major driver of sales in China, with analysts noting it lacks the 5G capability that most new...
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How coronavirus hitched a ride through China
FILE PHOTO: A man wearing a face mask walks past an estate agent in Guangzhou’s Sanyuanli area, as the spread of the novel coronavirus disease (COVID-19) continues in the country, in Guangdong...
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Trump unveils three-stage process for states to end coronavirus shutdown
WASHINGTON (Reuters) – U.S. President Donald Trump proposed guidelines on Thursday under which U.S. state governors could act to revive the U.S. economy from its coronavirus shutdown in a staggered,...
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Futures jump late following data on potential virus treatment, Trump guidelines
(Reuters) – U.S. stock index futures jumped in late trading on Thursday after a report of promising early data related to a potential COVID-19 treatment from Gilead Sciences and as guidelines for...
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Factbox: Trump’s coronavirus reopening guidelines
(Reuters) – President Donald Trump rolled out his guidelines for how the United States can reopen businesses and schools shut down by the coronavirus Thursday evening. U.S. President Donald Trump...
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Asian stocks set to rise as markets brace for China GDP data
NEW YORK (Reuters) – Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street’s lead overnight, sought silver linings in a run of data that...
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North Korean leader absence from anniversary event fuels speculation over health
SEOUL (Reuters) – North Korean leader Kim Jong Un’s absence from an important anniversary event this week rekindled speculation over his potential health problems, analysts said on Friday. FILE PHOTO:...
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After market storm, hedge funds launch to catch the recovery wave
LONDON (Reuters) – At least eight European hedge funds are launching portfolios betting on a recovery in corporate debt and emerging markets after the coronavirus pandemic triggered the biggest market...
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Italy’s firms shake lockdown using shortcut in coronavirus law
ROME/MILAN (Reuters) – Weeks into Italy’s coronavirus lockdown, thousands of Italian entrepreneurs have been given a bureaucratic shortcut to market. A worker wears a protective face mask in a factory...
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Boeing, lockdown easing hopes set to lift Wall Street
(Reuters) – Wall Street was set to jump at the open on Friday following President Donald Trump’s new guidelines to re-open the economy and on a report of a drug to potentially treat COVID-19, while...
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