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Energy price shock from the Russia-Ukraine crisis could hurt the economy

As oil rapidly approaches $100 a barrel, JPMorgan warned Tuesday that a spike in energy prices and other ripple effects from the Russia-Ukraine crisis could hurt both t

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Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable.Credit Su

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Shell profits plunge, chip shortages and Kuaishou prepares flotation

"2020 was an extraordinary year ... We are coming out of 2020 with a stronger balance sheet, ready to accelerate our strategy and make the future of energy".Those were the words of Royal Dutch Shell

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Five global oil giants cut assets by $50 billion in Q2

The world's five largest oil companies collectively cut the value of their assets by nearly 50 billion U.S. dollars in the second quarter, and slashed production rates as the coronavirus pandemic

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Exxon posts second straight quarterly loss on demand, price plunge

Exxon Mobil reported its second-straight quarterly loss, as its oil and gas producing unit was hurt by a plunge in prices, while its refining businesses was hit by a fall in demand due to the COVI

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S&P 500 triggered another level-one circuit breaker amid growing fears

A screen displays trading information over the floor of the NYSE in New York, U.S., March 18, 2020. /VCG U.S. stocks deepened their selloff on Wednesday and the Dow erased virtually the last o