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U.S. crude remains below $40 as oversupply weighs
August 3, 2016 by publisher · Leave a Comment
Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. U.S. West Texas Intermediate (WTI) crude futures were trading at $39.54 per barrel at 0651 GMT (2:51 a.m. ET), slightly above their last close and well below the $40 marker they settled below for the first time since April in the previous session. International Brent crude futures failed to …
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U.S. crude remains below $40 as oversupply weighs
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The ‘what if’ spooking markets: policy success
August 3, 2016 by publisher · Leave a Comment
Perhaps the biggest shock to world markets now would be if central banks met their inflation goals. After nearly 10 years of near zero or even negative interest rates and trillions of dollars in new
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The ‘what if’ spooking markets: policy success
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Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
August 3, 2016 by creative · Leave a Comment
Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange. Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses.
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Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
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Exclusive: Delta’s refinery sacrifices profits for lower fuel cost – memo
August 3, 2016 by elegant · Leave a Comment
By Jarrett Renshaw NEW YORK (Reuters) – Delta Air Lines Inc is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs, according to a company memo seen by Reuters. The memo, written by the head …
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Exclusive: Delta’s refinery sacrifices profits for lower fuel cost – memo