Economy
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Green activist groups target Japan megabanks, utilities on climate action
Investor activist group Market Forces and other environmental nonprofits filed shareholder proposals with several Japanese megabanks and utilities, seeking to…
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Oman repays $2.9 billion in loans in Q1: Finance ministry
Oman repaid 1.1 billion rials ($2.86 billion) in loans in the first quarter, finance ministry figures show, bringing total public…
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India forecasts normal monsoon, easing worries over crop output, economic growth
India, which relies on rain for the vast share of its water, forecast that the monsoon will be normal this…
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Bullish oil bets surge most since 2016 after surprise OPEC+ cut
Speculators ramped up their bullish bets on higher oil prices after OPEC+ jolted markets with a surprise production cut, posting…
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Japan awards defense equipment maker Mitsubishi Heavy 2.8 bln missile contracts
Japan has awarded its largest defense equipment maker Mitsubishi Heavy Industries contracts worth 378 billion yen ($2.84 billion) to develop…
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Egypt’s headline inflation rate increased to 32.7 percent in March
Egypt’s annual urban consumer inflation rate in March climbed to 32.7 percent year-on-year, just shy of an all-time record, from…
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US job creation slows but unemployment stays low
The jobs boom in the US slowed last month but the unemployment rate remained low, as the world’s largest economy…
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Saudi TV show offers glimpse into 2020 oil war with Russia
Saudi Crown Prince Mohammed bin Salman’s order to flood oil markets three years ago during a dispute with Russia ultimately gave the…
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UAE bank ADCB denies it is in talks to sell $3.7 bln of bad loans
Abu Dhabi Commercial Bank PJSC (ADCB) is not in talks with funds to sell 13.5 billion dirham ($3.68 billion) of…
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Turkey tightens rules on FX deposits in new move to support lira
Turkey’s central bank on Friday tightened regulations deterring banks from holding foreign currency as the lira comes under pressure. The…
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