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Trading Day: US-China relief sparks world stock melt up

By Jamie McGeever ORLANDO, Florida (Reuters) -A burst of optimism and relief around U.S.-China trade talks provided the rocket fuel to boost world stocks to new highs on Monday, while Argentina’s markets surged after a thumping mid-term election victory for President Javier Milei’s ruling party. In ...
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Russia’s Lukoil says it intends to sell international assets due to Western sanctions

MOSCOW (Reuters) -Russia’s second-largest oil producer, Lukoil, said on Monday it would sell its international assets “owing to introduction of restrictive measures against the company and its subsidiaries by some states.” “The sale of the assets is conducted under OFAC wind down license. If necessary ...
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Paramount to cut 1,000 jobs Wednesday in first round of layoffs, Bloomberg News reports

(Reuters) -Paramount Skydance will begin a major round of layoffs with 1,000 job cuts on Wednesday, Bloomberg News reported on Monday, citing a person familiar with the company’s plans.(Reporting by Juby Babu in Mexico City; Editing by Anil D’Silva) Brought to you by www.srnnews.com
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US floats six-month deadline for Germany to sort Rosneft issue, Bloomberg News reports

(Reuters) -Washington has floated a six-month deadline for Berlin to sort out the ownership limbo affecting the German assets of Russian oil major Rosneft, allowing Rosneft to be temporarily exempted from U.S. sanctions, Bloomberg News reported on Monday, citing people familiar with the matter. The ...
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Argentine assets cheer Milei’s election victory with massive rally

By Rodrigo Campos and Libby George NEW YORK/LONDON (Reuters) -Argentina’s bonds, stocks and currency surged on Monday after President Javier Milei’s party won an overwhelming victory in a Sunday midterm election, a key requisite to keep economic reforms on track and a U.S. financial backstop ...
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Blackstone hires former Apollo executive to lead European private equity

By Isla Binnie NEW YORK (Reuters) -Blackstone has appointed a former executive at private markets peer Apollo to head its European corporate private equity business, filling the role after the incumbent was promoted, the world’s biggest alternative asset manager said on Monday. Michele Raba will take ...
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Trump wants to cancel more funding during the shutdown. Courts have hampered his earlier efforts

Congress has the constitutional power of the purse, but President Donald Trump’s robust assertion of executive authority is testing even that basic tenet of U.S. democracy. His administration has already canceled or threatened to cancel billions of dollars of previously approved federal spending and now ...
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Exxon-backed carbon accounting group to appoint independent panel, CEO says

By Simon Jessop LONDON (Reuters) -Carbon Measures, a new carbon accounting initiative backed by a number of big energy and multinational companies, will create an independent panel to help guide its work, its chief executive told Reuters. The global group – launched a week ago by ...
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Mexico’s Sheinbaum says agreed with Trump to extend trade deadline for “a few more weeks”

MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Monday she spoke with U.S. President Donald Trump on Saturday and that the two countries will extend a trade deadline for “a few more weeks” to discuss pending issues with Washington. The U.S. agreed in July ...
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Oilfield giants pivot to booming AI infrastructure as drilling demand wanes

By Arunima Kumar (Reuters) -Oilfield services giants SLB, Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North America. U.S. oil producers have ...
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Peltz’s Trian, General Catalyst make offer for Janus Henderson valuing it at $7.2 billion

By Yamini Kalia and Iain Withers LONDON (Reuters) -Nelson Peltz’s hedge fund Trian and technology investor General Catalyst have made a takeover offer for Janus Henderson valuing it at $7.2 billion, the London-based money manager said on Monday, as Trian tightens its grip following a ...
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Argentina’s Milei calls on moderates to support reform after strong midterm showing

By Lucila Sigal BUENOS AIRES (Reuters) -Argentine President Javier Milei on Monday urged moderate opposition lawmakers to back his reform agenda during the next two years of his term, after his party cruised to victory in midterm legislative elections, sending local markets soaring. Milei’s La Libertad ...
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