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| The Retreat of Exxon and the Oil Majors Won't Stop Fossil Fuel When Exxon Mobil Corp. decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers from among Exxon's supermajor peers, including arch-rival Chevron Corp. | |
| Dollar teeters as inflation test looms SINGAPORE (Reuters) - The dollar clung to a small bounce on Wednesday as traders looked to upcoming U.S. inflation data and a European Central Bank (ECB) meeting to gauge the global recovery and policymakers' thinking. FILE PHOTO: A U.S. Dollar ... | |
| Dollar teeters as inflation test looms The dollar clung to its recent small bounce on Wednesday as traders looked to upcoming U.S. inflation data and a European Central Bank (ECB) meeting to gauge the pace of global recovery and policymakers' thinking about pulling back on stimulus. | |
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| Oil prices retreat but outlook remains positive LONDON (Reuters) -Oil prices extended losses on Tuesday on profit taking and a stronger U.S. dollar, but overall optimism about recovering demand kept a floor under prices. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the ... | |
| US trade deficit narrows in April as imports fall "Consumers splurged on goods during the stay-at-home economy's boom in 2020 and early 2021, since pandemic restrictions reduced spending on meals out, vacations, and other services," said Bill Adams, a senior economist at PNC Financial in Pittsburgh, ... | |
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| ECB Is Aligning With Fed in Double Act to Keep Stimulus Flowing Despite a faster U.S. economic rebound from the pandemic and far higher inflation than in the euro zone, Fed officials have signaled they won't slow bond buying at their own decision a week later. Their reasoning? They still can't be sure that the recovery is ... | |
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