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OPEC Considers Oil Output Roll Over for April, Sources Say

OPEC and allies, known as OPEC, are considering rolling over oil production cuts from March into April instead of raising output because of fragile oil demand recovery due to persisting worries about the coronavirus, three OPEC sources told Reuters. OPEC ministers hold a full meeting on Thursday. The market had been widely expecting OPEC to […]
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French Power Usage, Carbon Emissions Fall amid Pandemic

French power consumption fell 3.5 last year as the COVID19 pandemic cut demand more than during the 2008 financial crisis, grid operator RTE said on Wednesday. Electricity consumption fell to 460 terawatt hours TWh, the company said. Production fell 7 when including the reduced availability of nuclear power plants, RTE added. Carbon emissions from the […]
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Nikkei Edges Up as Investors Hunt for Value Shares

TOKYO, March 3 Reuters Japanese shares eked out gains on Wednesday as investors picked up cyclical stocks on hopes of a quicker economic recovery from the pandemicled recession. However, gains were capped by worries about bond market volatility and talk of huge selling for rebalancing this month. The Nikkei average ticked up 0.18 to 29,459.71, […]
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AlphabetBacked Oscar Health Raises 1.2 Billion in IPO

Reuters Oscar Health Inc, a health insurance startup backed by Google parent Alphabet Inc, sold shares in its initial public offering IPO on Tuesday at 39 apiece, above its target range, to raise 1.2 billion. The IPO gives New Yorkbased Oscar Health a market value of 7.7 billion. The target price range on the offering […]
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Stocks Climb as Treasuries Stabilise

Global shares gained on Wednesday, with European indexes echoing positive moves in Asia, as a retreat in U.S. Treasury yields fuelled demand for riskier assets and weakened the dollar. The Euro STOXX 600 added 0.7, with Frankfurt shares climbing 0.9 to a record high and Londons FTSE adding 1.3 before the UKs new budget is […]
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