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Oil stays above $49 as US fuel demand blunts crude supply gain

  Bloomberg Signs of growing US fuel demand are propping up oil above $49 a barrel, with more refinery purchases seen helping ease a glut in American stockpiles. Futures in New York were holding gains after rising 2.4 percent on Wednesday, when US government data showed that gasoline inventories dropped more than expected. Additionally, refineries boosted the amount of crude ...

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Fears return on BP and Shell dividends

  Bloomberg As they guided Europe’s largest oil companies through the industry’s worst slump in two decades, the bosses of Royal Dutch Shell Plc and BP Plc had a simple message for investors: we’ll protect the dividend at all costs. Not everyone is convinced they’ll be able to keep their word. Even after they raised billions of dollars by cutting ...

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Indonesia set to widen crackdown on tax cheats

  Bloomberg With Indonesia’s tax amnesty coming to an end, authorities are now setting their sights on those who didn’t participate and continue to evade taxes. Officials plan to scrutinize credit-card data from banks and compare those with tax reports after the amnesty program uncovered more than $355 billion in previously undeclared assets. While the participants in the amnesty would ...

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