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Lords of war: US weapons factories dominate global arms trade

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The latest report by Stockholm International Peace Research Institute (SIPRI) revealed that sales of arms and military services by global majors totaled $398.2 billion in 2017, marking a 44 percent growth over the past 15 years. “The overall number excludes Chinese data due to the lack of available information to allow for a reasonable or Read More

Explainer: How U.S.-China talks differ from any other trade deal

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WASHINGTON (Reuters) – The trade deal that U.S. negotiators are seeking with China may have more in common with a sanctions-monitoring regime than a traditional trade pact. FILE PHOTO: A woman walks past a bench painted in the colours of the U.S. flag outside a clothing store in Beijing, China January 7, 2019. REUTERS/Thomas Peter Read More

LJM Partners sues unnamed 'manipulators' it blames for volatility losses

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NEW YORK (Reuters) – LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM invested in complex derivatives that lost most of their value over Read More

Oil hasn't started a year this hot since the turn of the century

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By Alex Nussbaum on 1/18/2019 Photo: Prudhoe Bay. NEW YORK (Bloomberg) — Oil hasn’t started off this strong in 18 years. After closing out 2018 in free-fall amid fears of a global supply glut and economic slowdown, U.S. crude prices have rebounded more than 18% to start this year. That’s the biggest climb over the Read More

Oil hits 2-month high as China truce signals brighter outlook

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By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More

Wall Street extends rally on U.S.-China trade optimism

1 day ago DieselGasoil Comments Off on Wall Street extends rally on U.S.-China trade optimism
NEW YORK (Reuters) – U.S. stocks rallied on Friday, helping Wall Street’s major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Tellurian's Driftwood LNG gets final environmental nod

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FILE PHOTO: The logo of Tellurian Inc is seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai (Reuters) – Tellurian Inc’s proposed Driftwood liquefied natural gas (LNG) project in Louisiana took a major step forward on Friday as the U.S. federal energy Read More

Apophis asteroid could strike Earth in 2068, warn Russian scientists

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The ominously-named Apophis asteroid could have hundreds of opportunities to hit the Earth over the course of the next century, Russian scientists have warned. Named after the Ancient Egyptian god of evil, darkness and destruction, Apophis 99942 is expected to come within 37,600km (23,363 miles) of the Earth, just a tenth of the distance between Read More