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Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs

Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs Brent gained 0.8% at 0430 GMT, WTI up 0.9% OPEC+ sticks to plans to cut production by 2 mln bpd More Chinese cities relax COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ …

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OPEC+ keeps steady policy amid weakening economy, Russian oil cap

OPEC+ keeps steady policy amid weakening economy, Russian oil cap No discussions about Russian price cap – delegates Oil prices have come under pressure from weak economy Next meetings to take place Feb. 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to its oil output targets at a meeting on …

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As the Fed plans to ‘raise and hold,’ new projections may show the cost

As the Fed plans to ‘raise and hold,’ new projections may show the cost WASHINGTON, Dec 2 (Reuters) – New US Federal Reserve projections, issued later this month alongside an expected half-point interest rate increase, could show the central bank’s target rate headed toward levels last seen on the eve of the 2007 financial crisis, …

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Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first …

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Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

Blackstone’s $69 bln REIT curbs redemptions in blow to property empire NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. …

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Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. …

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Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months

Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months Nov 30 (Reuters) – Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlier timelines set by him. The company is developing brain …

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Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’ NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of …

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