By Rania El Gamal, Ahmad Ghaddar and Olesya Astakhova DUBAI/LONDON/MOSCOW (Reuters) – OPEC members reached a broad consensus on the need to extend existing oil production cuts for three months from January if their allies in the...
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After COVID-19 outbreak, BRF plant in southern Brazil cleared to resume exports to China
SAO PAULO (Reuters) – Brazilian food processor BRF SA said on Monday its Lajeado pork unit in southern Brazil has been authorized to resume exports to China, according to a statement sent to Reuters. The plant, which faced an...
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Global stock markets slide; but on pace for best month ever
By David Randall NEW YORK (Reuters) – World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed...
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DoorDash aims to double valuation in much-awaited IPO
By Anirban Sen and Noor Zainab Hussain (Reuters) – DoorDash Inc said on Monday it is aiming to raise up to $2.8 billion in an initial public offering (IPO), which could double the value of the U.S. food delivery startup and be one...
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Bitcoin hits all-time record as 2020 rally power on
By Tom Wilson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – Bitcoin hit a record high on Monday of $19,864, breaking its prior record set in Dec. 2017 as its 2020 rally powered on. The world’s biggest virtual...
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Sberbank bets on e-commerce in expansion beyond banking
MOSCOW (Reuters) – Russia’s largest lender Sberbank expects its non-financial businesses to generate 60% of company revenues by 2030, with e-commerce at the heart of a new three-year strategy, unveiled by Chief Executive...
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