Aviation deaths rise worldwide in 2020 even as fatal incidents, flights fall

© Reuters. FILE PHOTO: Memorial ceremony for the Ukrainian victims of Iran plane crash at the Boryspil International Airport, outside Kiev By David Shepardson WASHINGTON (Reuters) – The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number of crashes fell by more than 50%, a […]

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Domino’s quarterly profit misses even as pandemic boosts pizza demand

2/2 © Reuters. A pizza comes out of the oven at Domino’s Pizza restaurant in Los Angeles 2/2 (Reuters) – Domino’s Pizza Inc (N:) reported a smaller-than-expected profit on Thursday, as high COVID-19-related costs and staff bonuses offset a jump in demand for pizzas during the coronavirus crisis. Shares of the Ann Arbor, Michigan-based company, […]

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Small Argentine firms face ‘terrifying’ future even after debt deal

© Reuters. By Eliana Raszewski and Marina Lammertyn BUENOS AIRES (Reuters) – Francisco Lurueña’s textile firm on the outskirts of Buenos Aires has survived 39 years of myriad economic crises. Now it stands on the verge of closure, hit by COVID-19 on top of two years of recession, high inflation and a debt crisis. His […]

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ForexLive Americas FX news wrap: US dollar rebound continues even as risk picture improves

Forex news for New York trade on June 12, 2020: Markets: Gold up $ 3 to $ 1730 WTI crude oil up 22-cents to $ 36.56 S&P 500 up 39 points to 3041 US 10-year yields up 3 bps to 0.70% CAD leads, CHF lags The US dollar continue the retracement against the euro and […]

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New King of Copper Trading Sees Demand Coming Back Even Stronger

© Reuters. New King of Copper Trading Sees Demand Coming Back Even Stronger (Bloomberg) — As head of trading at Trafigura Group, Kostas Bintas typically spends his time trekking around the globe, signing the deals that last year helped make Trafigura the biggest merchant of one of the world’s most crucial metals. By March this […]

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Exclusive: Malaysia – Even $3 billion not enough to settle 1MDB case with Goldman

2/2 © Reuters. The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City 2/2 By Krishna N. Das and Liz Lee KUALA LUMPUR (Reuters) – Malaysia’s new government would not be willing to accept even compensation of $ 3 billion from Goldman Sachs in a settlement over the 1MDB scandal, […]

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Crude prices fall on concerns of U.S. riots, even as OPEC meeting advanced

© Reuters. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midland By Jessica Resnick-Ault NEW YORK (Reuters) – Oil prices fell due to concerns about riots in major U.S. cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance […]

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Rand Bears Keep Rushing for the Exits Even as Rate Cut Looms

© Reuters. Rand Bears Keep Rushing for the Exits Even as Rate Cut Looms (Bloomberg) — Economists are predicting a South African rate cut on Wednesday. The market’s pricing in another later this year. Rand traders, it seems, couldn’t care less. Bearish bets on South Africa’s currency versus the dollar are at the lowest level […]

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