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Bank of England’s Tenreyro joins rate cut talk
By William Schomberg and David Milliken LONDON (Reuters) – Bank of England policymaker Silvana Tenreyro said she would be inclined to back an interest rate cut in the coming months if growth does not pick up, adding to suggestions that the central bank is edging towards pumping more stimulus into the economy. Governor Mark Carney, […]
Global oil supply to fall 6% by 2030 due to delayed projects: data
By Shadia Nasralla LONDON (Reuters) – Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed. Oil and gas companies across the world have slashed investment budgets, exiting […]
Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries
By Ashwini Raj and Mike Stone (Reuters) – Lockheed Martin Corp <LMT.N> forecast 2020 revenue above analysts’ estimates on Tuesday, as the Pentagon’s No.1 weapons supplier’s late 2019 results benefited from better jet and missile sales and heightened geopolitical tensions in the Middle East. Shares of Lockheed rose 2.5% in premarket trading, after the company […]