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State banks help steady Turkish lira despite oil jump
By Nevzat Devranoglu ANKARA (Reuters) – The Turkish lira was flat on Monday despite another jump in oil prices, and three traders said state banks were again selling dollars to support the currency through market turbulence after the U.S. killing of a top Iranian commander. The lira <TRYTOM=D3> was at 5.9735 against the dollar, little […]
Big Oil investors to look past earnings pain and focus on dividends
By Ron Bousso and Jennifer Hiller LONDON/HOUSTON (Reuters) – Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and whether they will cut dividends following the collapse in oil prices. The five biggest U.S. and European firms, known as the […]
Russia hails oil deal it says will save millions of U.S.jobs
By Katya Golubkova and Olesya Astakhova MOSCOW (Reuters) – The global oil production deal clinched at the weekend will help establish a price floor and save millions of jobs in the United States, senior Russian officials said on Monday. Having been in a stand-off with western nations – most notably the United States – from […]