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Dollar strength could soon become an ‘unbearable burden’

Daniel Acker | Bloomberg | Getty Images A worker on a an oil drill near New Town, North Dakota. The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world’s …

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UAE oil giant making ‘good progress’ with expansion plans in Saudi Arabia, executive says

Robert Nickelsberg/Liaison Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna. Begun under President Ford to reduce the threat of oil embargoes, the SPR crude oil is stored in huge underground salt caverns along the Gulf of Mexico, a natural choice due to …

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Iran reportedly warns a US plan to crush its oil sector is ‘impossible’

Atta Kenare | AFP | Getty Images Iranian Revolutionary Guards drive a speedboat in front of an oil tanker at the port of Bandar Abbas. President Donald Trump’s administration is in no position to reduce Iran’s oil sector to zero, Iranian Foreign Minister Javad Zarif was cited as saying by …

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Kroenke to take charge of Arsenal after Usmanov agrees to sell

Andrew Powell | Liverpool FC | Getty Images Sadio Mane of Liverpool competes with Sadio Mane of Arsenal during the Premier League match between Arsenal and Liverpool at Emirates Stadium on August 14, 2016 in London, England. The club is now under new manager Unai Emery, who won three Europa …

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Stock markets are facing a ‘horrible concoction’ of risks and are in need of a reset, strategist warns

Jim Young | Bloomberg | Getty Images A trader works in S&P 500 stock index options pit at the Chicago Board Options Exchange (CBOE) in Chicago, Illinois. At the same time, valuations — the current worth of a company — are at very high levels, only below the records registered …

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US lack’s appetite to speak out, expert says

Mandel Ngan | AFP | Getty Images Saudi Arabia’s Crown Prince Mohammed bin Salman (L) meets with US President Donald Trump in the Oval Office of the White House on March 20, 2018 in Washington, DC. President Donald Trump’s administration is exacerbating an intensifying diplomatic row between Saudi Arabia and …

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Commerzbank results Q2 2018 

Alex Kraus | Bloomberg | Getty Images The Commerzbank AG logo sits on an illuminated sign outside a bank branch as the bank’s headquarters stand beyond at dusk in Frankfurt, Germany, on Monday, Feb. 5, 2017.  German lender Commerzbank beat market expectations Tuesday with profits for the second period of …

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Fed member James Bullard says waiting for an ‘inevitable recession’ is wrong

Joshua Roberts | Bloomberg | Getty Images James Bullard, president and chief executive officer at the Federal Reserve Bank of St. Louis. Federal Reserve member James Bullard told CNBC that traders should not be waiting for an “inevitable recession” and spoke of a solid outlook for the U.S. economy. “We …

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Swiss Re sees first-half net profit tumble 17% amid accounting changes

Christian Hartmann | Reuters The Swiss Re building in Zurich is shown in this Feb. 19, 2009 photo. Swiss Re reported weaker-than-expected net profit over the first six months of the year, with the world’s second-largest reinsurer citing accounting changes as the main drag on earnings. The company posted net …

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Allianz posts 5% fall in net income, but confirms outlook for the year

Sean Gallup | Getty Images The logo of German insurer Allianz stands on the company’s office buildings at Treptowers in Berlin, Germany. Insurer Allianz reported a 5.2 percent fall in second-quarter net income Friday, highlighting a negative impact from the sale of its traditional life insurance portfolio in Taiwan. Net …

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