Brazil FX in somber mood as pandemic roars on, pressure mounts on government: Reuters poll

© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s real is starting the second-quarter in a somber mood as the coronavirus pandemic continues to wreak havoc in Latin America’s biggest economy and as pressure builds […]

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Canada’s cash-rich oil sands firms face pressure to spend on transition

© Reuters. FILE PHOTO: Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake. By Rod Nickel, Nichola Saminather and Nia Williams (NYSE:) (Reuters) – Canada’s biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, […]

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Global oil markets under pressure as Asia destocks, China imports slowed

© Reuters. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Florence Tan, Olga Yagova and Devika Krishna Kumar (Reuters) – Crude oil producers from Europe, Africa and the United States faced difficulties selling to Asia, especially China, as buyers took cheaper oil from storage while […]

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Facing public pressure, palm oil firms are going green: study

© Reuters. FILE PHOTO: A worker arranges palm oil fruit bunches on a truck at a factory in Tanjung Karang By Maytaal Angel LONDON (Reuters) – Of the seven commodities sectors driving deforestation, palm oil companies are doing the most to alleviate their environmental impact following years of public pressure, a study by a global […]

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State treasurers pressure Marathon to end lockout at Minnesota refinery

© Reuters. A Marathon Petroleum banner covers an Andeavor sign outside the El Paso refinery in El Paso By Laura Sanicola (Reuters) – A group of state treasurers are pressuring Marathon Petroleum (NYSE:) to end a lockout at a Minnesota refinery that has left 200 union members out of work for two months, according to […]

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U.S. private prison revenue under pressure from new Biden rules

© Reuters. FILE PHOTO: Pueblo Sin Fronteras drive-by protest ICE at Otay Mesa Detention Center By Kate Duguid NEW YORK (Reuters) – CoreCivic (NYSE:) and the GEO Group, two of the largest U.S. private prison companies, could lose as much as a quarter of their revenue, about $ 1 billion a year between them, under […]

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Analysis: Vowing budget control, Brazil faces pressure to keep spending

2/2 © Reuters. FILE PHOTO: Federal Deputies Pacheco and Andrada seen during Commission of Constitution and Justice meeting in Brasilia 2/2 By Jamie McGeever BRASILIA (Reuters) – Brazil’s government entered 2021 determined to slash last year’s record budget deficit, but a devastating second wave of COVID-19 and fragile economic growth are piling the political pressure […]

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Gold Ends Up But Renewed Pressure Seen Without Stimulus Deal

© Reuters. By Barani Krishnan Investing.com – Gold prices rose on Monday but renewed pressure seems likely for the yellow metal as a new coronavirus stimulus deal between the White House and Congress remained elusive. Those familiar with negotiations on the stimulus said there was still distance between the Republican administration of President Donald Trump […]

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