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Oil in longest run of gains in 6 weeks

  Bloomberg Oil advanced for a fourth day after government data showed U.S. inventories fell a third week and a new wildfire prompted Canadian producers to shut output. Futures gained as much as 0.9 percent in New York, rising from the highest close in 10 months and extending its run of advances to the longest since April 22. Crude stockpiles ...

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Saudi ACWA eyes South African ventures despite currency concerns

  Reuters Saudi-based ACWA Power expects to win further business in South Africa this year as the power plant developer rides out concerns about the country’s currency to tap into its need for more electricity, the firm’s chief executive said. South Africa’s economy has been hit hard by a significant fall in the rand’s value against the dollar, while businesses ...

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Hong Kong is world’s most competitive economy

  Hong Kong / Tribune News Service In a landmark for Asia, Hong Kong has been named the world’s most competitive economy for 2016, moving from second place last year to push the United States into third spot behind Switzerland. But while Asia might top the world in business, a separate report has shown the Nordic nations lead in life ...

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