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Wall Street dips while treasury yields, oil prices drop

Wall Street dips while treasury yields, oil prices drop

NEW YORK, May 10 (Reuters) – Wall Street stocks turned lower in a volatile session and oil prices fell on Tuesday with risk appetite appearing to falter as investors turned to safe havens such as Treasuries amid fears about inflation and slowing economic growth. US Treasuries rallied, with the yield on the benchmark 10-year note …

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EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

LONDON, May 9 (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address global supply or price …

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South Korea hunts tungsten treasure in breed for rare minerals

South Korea hunts tungsten treasure in breed for rare minerals

S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen …

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Global scramble for metals thrusts Africa into mining spotlight

Global scramble for metals thrusts Africa into mining spotlight

A truck exits the mine after collecting ore from 516 meters below the surface at the Chibuluma copper mine in the Zambian copperbelt region. REUTERS/Rogan Ward Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, May 8 (Reuters) – The need to secure new sources of metals for the energy transition amid sanctions on …

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Pro-Russian forces say 50 more people evacuated from besieged Ukraine plant

Pro-Russian forces say 50 more people evacuated from besieged Ukraine plant

‘Influential’ states working to save Azovstal fighters Ukraine fears Russia aims to wipe out Azovstal fighters More civilians evacuated from bombed-out steelworks KYIV, May 7 (Reuters) – Pro-Russian forces said 50 more people were evacuated on Saturday from the besieged Azovstal steelworks in Mariupol, where scores of civilians have been trapped for weeks alongside Ukrainian …

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Sinn Fein on race for historic Northern Ireland election win

Sinn Fein on race for historic Northern Ireland election win

Sinn Fein deputy leader Michelle O’Neill reacts as she is elected during the Northern Ireland Assembly Elections at the Meadowbank Sports Arena, in Magherafelt, Northern Ireland, May 6, 2022. REUTERS/Clodagh Kilcoyne REFILE-QUALITY REPEAT Register now for FREE unlimited access to Reuters.com Register Sinn Fein could be largest party for first time Leader Michelle O’Neill eyes …

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EU tweaks Russia oil sanctions plan in bid to win over reluctant states

EU tweaks Russia oil sanctions plan in bid to win over reluctant states

Models of oil barrels are seen in front of the displayed sign “stop”, EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register EU offers Hungary, Slovakia, Czech Rep more time to adapt Oil shipping ban postponed in bid to persuade Greece …

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UK PM Johnson suffers heavy losses in London in local elections

UK PM Johnson suffers heavy losses in London in local elections

Conservatives lose control of London councils Results seen as a test of Johnson’s popularity Bad performance will increase pressure on Johnson LONDON, May 6 (Reuters) – British Prime Minister Boris Johnson’s Conservative Party lost control of traditional strongholds in London and suffered losses elsewhere in local elections, early results on Friday showed, as voters punished …

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BoE flags risk of recession and 10% inflation as it raises rates again

BoE flags risk of recession and 10% inflation as it raises rates again

A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the first major world’s central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021 REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register Central bank sees economy shrinking …

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