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Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya

By Scott DiSavino NEW YORK (Reuters) – Oil prices climbed on Wednesday, settling up about 3% after a disruption at Libya’s top oilfield added to fears that mounting tensions in the Middle East could disrupt global oil supplies. Brent <LCOc1> futures rose $2.36, or 3.1%, to settle at $78.25 a barrel. U.S. West Texas Intermediate …

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Gold slips after US Fed minutes signal uncertain start to rate cuts

By Sherin Elizabeth Varghese and Deep Kaushik Vakil (Reuters) – Gold retreated on Wednesday, on course for its largest percentage decline in over three weeks, after minutes from the U.S. Federal Reserve’s latest policy meeting flagged uncertainty about the timing of potential interest-rate cuts. Spot gold fell 1%, to a nearly two-week low of $2,037.61 …

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Explainer-Adani vs Hindenburg Research: What you need to know

NEW DELHI (Reuters) – India’s Adani Group won relief from Supreme Court on Wednesday when judges ruled that the company, hit hard by a U.S. short-seller’s allegations last year of improper business dealings, does not need to face additional investigation. The Securities and Exchange Board of India (SEBI) has been investigating the group after Hindenburg …

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French embassy in Niger closed until further notice – foreign ministry

PARIS (Reuters) – Paris on Tuesday said its embassy in Niger was now closed, confirming previously announced plans, after relations between the two countries deteriorated following a military coup in the African country. “For five months, our embassy has been severely hampered, making it impossible to carry out its missions”, a spokeswoman for the French …

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