Ric Ocasek, singer for The Cars, dies at 75: reports
Today, 01:09
(Reuters) - Ric Ocasek, lead singer of the 1980s hook-heavy hitmakers The Cars, has died at the age of 75, New York media reported on Sunday. Ocasek's death was reported by NBC 4 New York and the New York Post. Reuters could not immediately confirm those reports. A New York Police spokesman said that a 75-year-old male was found unresponsive at a townhouse on 19th street in the city at approximately 4 p.m. on Sunday and pronounced dead at ..
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Venezuela's opposition says Norway-mediated dialogue with Maduro 'is finished'
Today, 01:06
CARACAS (Reuters) - Venezuela's opposition said on Sunday a dialogue mediated by Norway's Foreign Ministry to try to resolve the country's political crisis had ended, six weeks after President Nicolas Maduro's government suspended participation. The talks, most of which had taken place on the Caribbean island of Barbados, began after opposition leader Juan Guaido led a failed military uprising in April against Maduro, who is ..
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Mexico amnesty law eyes reprieve for minor drug offenses, abortions
Today, 01:03
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador has sent a draft law to Congress that aims to grant amnesty to people serving jail time for lesser offenses, including abortion and possession of small amounts of drugs, the government said on Sunday. "The amnesty would benefit those in prison for minor crimes, not murderers or kidnappers or those who have caused serious injury to another person," Lopez Obrador wrote in a ..
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Oil surges, stock futures slip after attack on Saudi facility
Today, 00:09
By Swati Pandey SYDNEY (Reuters) - Oil prices surged to six-month highs on Monday while Wall Street futures turned lower and safe haven bets returned after weekend attacks on Saudi Arabia's crude facilities knocked out more than 5% of global oil supply. U.S. crude futures jumped 15% to the highest since May. It was last at $60.89 a barrel while Brent crude was up 13% at $68.06 after earlier rising to $71.95. Signaling a weak start for Asian ..
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U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
Today, 00:06
By Jennifer Hiller HOUSTON (Reuters) - U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. Shale producers this year have been cutting budgets and workers and trimming production goals after years of heavy spending. They remain under intense pressure from investors to ..
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Exclusive: Australia concluded China was behind hack on parliament, political parties – sources   
Today, 00:03
By Colin Packham SYDNEY (Reuters) - Australian intelligence determined China was responsible for a cyber-attack on its national parliament and three largest political parties before the general election in May, five people with direct knowledge of the matter told Reuters. Australia’s cyber intelligence agency - the Australian Signals Directorate (ASD) - concluded in March that China’s Ministry of State Security was responsible for the attack, ..
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Oil prices surge 15% after attack on Saudi facilities hits global supply
Yesterday, 23:27
By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply. Brent crude futures jumped more than 19% to a session high of $71.95 a barrel at the opening, while U.S. crude futures surged more than 15% to a session high of $63.34 a barrel. Both ..
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U.S. stock futures fall after Saudi oil attacks
Yesterday, 23:24
(Reuters) - U.S. stock futures fell 0.3% percent when trading resumed on Sunday, a day after attacks on Saudi oil facilities that risk disrupting global energy supplies.  Saturday's attacks knocked out more than half of Saudi oil output, or more than 5% of global supply. S&P 500 e-mini futures initially fell 0.59%, but cut their losses and were last down 0.3%. "I would expect a rough day for stocks tomorrow since this attack ..
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EU businesses warn no-deal Brexit would be disaster
Yesterday, 23:21
BRUSSELS (Reuters) - Britain's exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe's biggest business organization said on Monday, as EU officials warn this worst-case scenario is increasingly likely. After twice postponing the date of leaving the EU, Britain is now set to exit on Oct. 31, but the country's parliament and public are deeply divided over the terms of the ..
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S&P Global Platts sees Saudi oil strikes driving up risk premium in crude market
Yesterday, 23:18
(Reuters) - Attacks on Saudi oil plants have boosted concerns about supply security in the Middle East and should raise the risk premium in the global crude market, shifting focus from a gloomy economic backdrop, S&P Global Platts said on Sunday. "The sudden change in geopolitical risk warrants not only an elimination of the $5-10 a barrel discount on bearish sentiment, but adds a potential $5-10 a barrel premium to account for now-undeniably ..
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Latest News

Hong Kong's World Class Subway in Crisis After Repeated Attacks
Today, 04:15
(Bloomberg) -- From Sydney to Stockholm, governments looking for help with their rail systems turn to Hong Kong’s MTR Corp., renowned for its speedy, clean and reliable commuter trains. That polished image is now tarnished at home, as months of unrest frequently boils into violence and vandalism on Hong Kong’s subway. MTR facilities have looked more like battlefields on some weekends. Protesters have smashed windows and set fires blazing outside ..
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Next Trump Tariffs May Soon Hit Europe’s Luxury-Goods Exporters
Today, 04:12
(Bloomberg) -- Some of Europe’s top luxury brands are targeted in President Donald Trump’s latest tariff salvo, which could affect billions of dollars in exports of American-bound whiskeys, wine, Champagne, handbags and men’s suits. A panel of three World Trade Organization arbiters, as expected, said Friday the U.S. can legally impose tariffs on an array of European exports in retaliation for Europe’s illegal government aid to Airbus SE. EU ..
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China’s Economy Slows as Industrial Output Weaker Than Expected
Today, 04:09
(Bloomberg) -- China’s economy slowed further in August, indicating current stimulus policies may not be enough to shield the economy from the worsening effects of the trade war with the U.S. Industrial output rose 4.4% from a year earlier, versus a median estimate of 5.2%. Retail sales expanded 7.5%, compared to a projected 7.9% increase. Fixed-asset investment slowed to 5.5% in the first eight months, versus a forecast 5.7%Key Insights The ..
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OxyContin maker Purdue Pharma files for bankruptcy protection
Today, 04:06
By Mike Spector NEW YORK (Reuters) - OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. Purdue's board met Sunday evening to approve the long-expected bankruptcy filing, which the company is pursuing to restructure under terms of a proposal to settle the widespread litigation. Purdue ..
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China’s Industrial Production Growth Slows to 17-Year Low in August
Today, 04:03
Investing.com - China’s industrial production growth slowed to 17-year low in August, data from the National Bureau of Statistics (NBS) showed on Monday. The industrial production rose 4.4% in August from a year earlier, less than the forecasted 5.2% and July’s 4.8%. Official data showed slumps in both manufacturing and mining activities. Manufacturing grew by 4.3% during the month, down from 4.4% in July. Mining output, meanwhile, ..
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