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Reuters
Aug 7, 2022, 4:15 PM
Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine, as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand.
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Reuters | Aug 7, 2022U.S. Targets Chinese, UAE Firms In New Iran Oil SanctionsThe United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.2 mins read
Reuters | Aug 7, 2022Moldova's Ex-President Calls For Snap Elections Over Gas PriceMoldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.2 mins read- Reuters | Aug 7, 2022Russian Crude Prices Recover On Strong India, China DemandSpot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.3 mins read
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Reuters | Aug 6, 2022Tensions With U.S. Spur Chinese Buying Of Chipmaking StocksChinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.2 mins read
Reuters | Aug 6, 2022Tesla Sets Aug 25 As Trading Day For Three-For-One Split SharesTesla Inc said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker's shareholders approved the proposal during its annual meeting.1 min read
Reuters | Aug 6, 2022VinFast Hiring 8,000 Additional Employees To Boost ProductionVietnam's VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year, company said.1 min read- Reuters | Aug 6, 2022Oil Prices End Week On Multi-Month Lows On Recession FearsOil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.2 mins read
