Oil Inches Higher as Traders Monitor Red Sea Tensions

SINGAPORE, Dec 20 Reuters Oil rose slightly on Wednesday as investors kept an eye on the situation in the Red Sea after recent attacks by Iranaligned Yemeni Houthi militants. Brent crude futures rose 23 cents, or 0.3, at 79.46 a barrel by 0730 GMT, while U.S. West Texas Intermediate crude climbed 30 cents, or 0.4, […]
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Signa Holds Talks to Sell Chrysler Building amid Insolvency

VIENNA, Dec 19 Reuters Insolvent European property company Signa is holding talks to potentially sell its stake in New York39;s Chrysler Building and is shedding its private jet, its administrator said on Tuesday, a significant development in the salvaging of founder Rene Benko39;s real estate empire. The efforts, announced to Signa39;s creditors in Vienna, mark […]
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Accenture Forecasts Q2 Revenue below Estimates on Muted IT Spending

Dec 19 Reuters IT services provider Accenture forecast secondquarter revenue below Wall Street targets on Tuesday, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang. Analysts expect IT services expenditure to remain muted in the near term as businesses typically decide their annual budgets only after February. Accenture itself has pointed to slower […]
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Germanys Sefe, Norways Equinor Strike 55B Gas Supply Deal

Deal covers 10 bcm of gas supply in 20242034 period Includes option for another 5 years covering 29 bcm Norway accounts for around 4050 of German gas imports Deal also envisages hydrogen deliveries from 2029 BERLINFRANKFURT, Dec 19 Reuters German stateowned energy firm Sefe secured a 50 billion euro 55 billion gas deal with Norway39;s […]
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ADM to Buy UKBased Firm to Boost Nutrition Business

Dec 19 Reuters U.S. agribusiness ArcherDanielsMidland said on Tuesday it would buy UKbased flavor and ingredient firm FDL, as the company looks to expand its nutrition business. ADM, one of the world39;s largest grain traders and a major food processor, has diversified into the flavors and nutrition food business through takeovers in the sector, starting off […]
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Canadian Dollar Rallies as CPI Data Cools Rate Cut Bets

Canadian dollar strengthens 0.3 against the greenback Touches its strongest since Aug. 4 at 1.3337 Canada39;s annual inflation rate holds steady at 3.1 CanadaU.S. 2year spread narrows by 2.6 basis points TORONTO, Dec 19 Reuters The Canadian dollar strengthened to a fourandahalfmonth high against its U.S. counterpart on Tuesday as investors reduced bets on an […]
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