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Brent steady at $108 amid ME tensionsBrent futures held around $108 a barrel on Friday, as uncertainties surrounding the global economic outlook weighed on prices, while a showdown between Israel and the Palestinians stoked worries about supply. Oil investors are wor More… |
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US beefs up Gulf naval force amid Iran tensionsA US navy ship that had been slated for decommissioning has been sent instead to the Gulf to help mine-clearing operations, the US Fifth Fleet based in Bahrain said, the latest move in a gradual US build-up as tensions with Iran smoulder. More… |
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Oman bank to maintain easy policyOman's central bank is likely to keep its policy stance accommodative to boost confidence in the non-oil sector, although inflation may rise due to government spending to rein in social tensions. The Sultanate, hit by social unrest ea More… |
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China urges region to step back from Korea clashChina deflected pressure to censure North Korea at a regional summit on Sunday, instead urging its neighbours to calm tensions over the sinking of a warship and avoid any clash that could shake Asia. Seoul and Tokyo blame North Korea, whos More… |
