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Tapping oil reserves will not cure Trump’s gas pain

Besides Twitter — especially of the ALL-CAPS variety — President Donald Trump has another way of influencing troublesome oil prices: Strategic Petroleum Reserve (SPR). The question is which is more influential. In theory, those 660 million barrels stashed at four sites along the Gulf Coast should count for more than 280 characters in the ether. But if the aim is ...

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Tesla shows lithium market needs a chill

Isn’t lithium meant to be a mood stabiliser? That’s certainly not what’s happening in the stocks of companies that produce the element used in rechargeable batteries and psychiatric medications. News this week that Tesla Inc sent a memo to some suppliers asking them for payment rebates to help it become profitable shook shares in lithium miners. The Solactive Global Lithium ...

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Large Russian businesses are turning inward

The planned delisting of Megafon PJSC, Russia’s second-biggest mobile operator, from the London Stock Exchange is no ordinary event. The company is one of the most liquid Russian stocks trading overseas, and its exit is further evidence that the country’s businesses are turning inward as exposure to the West becomes increasingly problematic. In 2011, almost 70 Russian companies’ depositary receipts ...

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