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Oil prices gain 1% after lower-than-expected OPEC+ output hike

By Emily Chow SINGAPORE (Reuters) -Oil prices rose about 1% in early trade on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions. Brent crude futures rose 63 cents, or 1%, to $65.16 ...
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Yen sinks as Takaichi win spurs bets of fiscal easing

By Gregor Stuart Hunter SINGAPORE (Reuters) -The yen tumbled against the U.S. dollar by the most in five months in early trading on Monday after Sanae Takaichi won the LDP leadership election at the weekend, setting the country on course for more expansionary fiscal policy ...
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Japan’s Nikkei surges to record after election win by fiscal dove Takaichi

By Junko Fujita and Rocky Swift TOKYO (Reuters) -Japan’s Nikkei share gauge surged past the 46,000 level for the first time on Monday after fiscal dove Sanae Takaichi was elected to lead the ruling party and become the next prime minister. The Nikkei 225 Index jumped ...
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France’s new prime minister names a government that might not last long

PARIS (AP) — France’s new prime minister named a government Sunday, bringing back former finance minister Bruno Le Maire to serve at the defense ministry, where he’ll help oversee French military support for Ukraine and address threats to European security posed by Russia. Other key ...
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OPEC+ to raise oil production by 137,000 barrels per day in November

NEW YORK (AP) — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook. The group said after a virtual meeting on Sunday that it will ...
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OPEC+ poised to raise oil output further, sources say

By Olesya Astakhova and Dmitry Zhdannikov LONDON/MOSCOW (Reuters) -Eight OPEC+ countries will increase oil output further from November when the group meets on Sunday, sources close to the talks said, with Saudi Arabia pushing for a larger increase to regain market share and Russia suggesting ...
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Analysis-Takaichi win as Japan leader may delay, not derail, BOJ rate hikes

By Leika Kihara TOKYO (Reuters) -With Sanae Takaichi set to become Japan’s prime minister, advancing expansionist economic policies, chances have risen that the central bank will avoid raising interest rates this month, though the pause may not last if it batters the yen. Takaichi, likely to ...
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Shell’s US executive says Trump’s halting of wind projects harms investment, FT reports

(Reuters) -The decision by President Donald Trump administration to halt fully permitted offshore wind energy projects is “very damaging” to investment, President of Shell U.S. Colette Hirstius told the Financial Times in a report published on Sunday. The executive told the newspaper that energy projects ...
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Rome calls on US to reconsider extra tariff on pasta imports

ROME (Reuters) -Rome is working closely with the European Commission to press the United States to reconsider an additional anti-dumping tariff on pasta imports which would effectively double their price, the Italian foreign ministry said. The decision to impose an extra duty of 91.74% ...
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Automaker Stellantis planning $10 billion in US investments, Bloomberg News reports

By Lucy Papachristou and Felix Light TBILISI (Reuters) -Georgian riot police used pepper spray and water cannon to force protesters away from the presidential palace on Saturday as the opposition staged a large demonstration on the day of municipal elections. The governing Georgian Dream (GD) ...
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Ecuador revokes environmental license for Canada’s DPM to develop gold project

By Alexandra Valencia QUITO (Reuters) -Ecuador’s government has revoked the environmental license granted to Canadian mining company DPM Metals for the development of Loma Larga, a gold project in an environmentally sensitive area, the government said on Saturday. The decision follows strong opposition from residents and authorities in the ...
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OpenAI to boost content owners’ control for Sora AI video app, plans monetization

By Mrinmay Dey (Reuters) -ChatGPT creator OpenAI will soon introduce controls allowing the owners of content rights to dictate how their characters are used in its AI video-generating tool Sora and plans to share revenue with those who permit such use. The artificial intelligence company will ...
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