The cuts by Emirates are indicative of two wider problems.
|
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Karen Davis, Labour's candidate, blames cuts by successive Conservative governments.
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The program required reforms and strict spending cuts by Ukraine.
|
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That includes the substantial cuts by OPEC members in 2008.
|
|
Some expect three cuts by the end of this year.
|
|
Many now expect two cuts by June, market pricing suggests.
|
|
U.S. rates futures are pricing two interest rate cuts by mid-2020.
|
|
Mr Johnson has promised to reverse recent school cuts by 2022-23.
|
|
But Mr. Rubio's biggest tax cuts, by far, are at the top.
|
|
Since the resumption of nationwide rolling power cuts by Eskom on Feb.
|
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The biggest cuts by far came from top OPEC producer Saudi Arabia.
|
|
Democrats disapprove of tariffs and tax cuts by an equally enthusiastic degree.
|
|
Two cuts by the end of 2020 are almost fully priced in.
|
|
Ongoing capital spending cuts by energy firms also are weighing on growth.
|
|
Cuts by consumer packaged goods companies are also affecting the advertising world.
|
|
Disney is expected to identify those cuts by the end of September.
|
|
Gale said sometimes people distinguish tax reform from tax cuts by saying "reform" is revenue-neutral—the government compensates for the new cuts by introducing new sources of money—as opposed to tax cuts, which simply reduce revenue.
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AZERBAIJAN IS LIKELY TO SUPPORT FURTHER OIL OUTPUT CUTS BY OPEC+ -ENERGY MINISTER
|
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The source confirmed a report of job cuts by French newspaper Les Echos.
|
|
Barclays now sees three-quarters of a percentage point in cuts by December.
|
|
Markets are pricing three cuts by year-end, the CME's Fedwatch tool shows.
|
|
The cuts by Nayara have kicked in before similar moves by Indian peers.
|
|
All four stocks also suffered from target price cuts by Japanese bank Nomura.
|
|
Some forecasters predict up to three rate cuts by the end of 2019.
|
|
Costco offers a variety of cold cuts by its house brand, Kirkland Signature.
|
|
It is targeting $1.5 billion in cost cuts by the end of 2019.
|
|
Some see the prospect of three cuts by the end of this year.
|
|
Repeated budget cuts by Congress and a shift in priorities have been blamed.
|
|
But so far, there's been little sign of spending cuts by the government.
|
|
More than the Bush tax cuts by at least a factor of two.
|
|
Crude still has support because of output cuts by large producers and strong demand.
|
|
S. trade war and a slew of interest rate cuts by global central banks.
|
|
Traders are now betting heavily on three cuts by the end of the year.
|
|
Markets have priced in at least two rate cuts by the end of 523.
|
|
Investors now see the likelihood of 3 cuts by December as just under 50%.
|
|
Possible output cuts by OPEC and its allies range from 20163-22016 million bpd.
|
|
Some banks, such as Barclays, predict three cuts by the end of the year.
|
|
This had unnerved investors and prompted ratings cuts by S&P Global and Fitch.
|
|
Many analysts are now pricing in two rate cuts by the end of 2019.
|
|
Middle-class voters could well warm to the tax cuts by November, he said.
|
|
Expectation of interest rate cuts by major central banks also boosted stocks last week.
|
|
She relies on Medicaid for coverage, which the House bill cuts by $880 billion.
|
|
Trump still lies, exaggerates, distorts and responds to paper cuts by butchering his enemies.
|
|
Output cuts by OPEC and allies since January 2017 have reduced a crude glut.
|
|
Markets have priced in at least two rate cuts by the end of 2019.
|
|
They cannot be hoping to pay for their tax cuts by cutting nutrition benefits.
|
|
In all, it is anticipating more than $2 billion in cost cuts by 2021.
|
|
Money markets have cut their bets on rate cuts by the Bank of England.
|
|
And in past episodes, in the '90s, we did have insurance cuts by the Fed.
|
|
Interest rate futures implied traders see up to three Fed rate cuts by year-end.
|
|
In fact, the Fed's median forecast sees two cuts by the end of the year.
|
|
However, the prospect of a deeper output cuts by OPEC and its allies offered support.
|
|
Expectations of two cuts by July also rose slightly, from 12.4% Tuesday to 18.1% currently.
|
|
It expects to complete the cuts by the end of its fiscal year in April.
|
|
Financial markets have priced in at least two rate cuts by the end of 0.23.
|
|
Markets have priced in at least two U.S. rate cuts by the end of 13.
|
|
Microsoft plans to complete most of its job cuts by the end of the year.
|
|
Expectations vary between 50-100 bps worth of cuts by the end of the year.
|
|
Pence also promised that Republicans will pass "tax cuts" by the end of the year.
|
|
Sprint CEO Marcelo Claure has said he would like to make the cuts by Jan.
|
|
An OPEC+ committee this month recommended that the group deepen its cuts by 600,000 bpd.
|
|
But rate cuts by the Fed last year helped markets creep steadily to new highs.
|
|
Oil has also gained momentum from announcements about deeper output cuts by major crude producers.
|
|
Expectations of two cuts by July also rose slightly, from 12.4% Tuesday to 17.2% currently.
|
|
Financial markets have priced in at least two rate cuts by the end of 2019.
|
|
Russia and Saudi Arabia have reportedly already agreed to extend cuts by six to nine months.
|
|
It fell 2290 percent in January as U.S. supply concern offset production cuts by other producers.
|
|
Oil prices made it two days of rises, on expectations of more production cuts by OPEC.
|
|
The president has said he will pay for these cuts by eliminating "most corporate tax expenditures".
|
|
THE White House has long promised to fund tax cuts by scrapping unspecified loopholes and deductions.
|
|
Significant price cuts by restaurants, hotels or other major businesses could signal a broader consumer downturn.
|
|
A decrease of that much would represent around 500,000 barrels per day of cuts by Russia.
|
|
They're optimistic about Trump's ability to deliver on tax cuts by the end of the year.
|
|
Russia promised to implement its 300,000 bpd share of production cuts by the end of April.
|
|
Financial markets <0#YIB:> are fully pricing in two more rate cuts by early next year.
|
|
The Treasury Department is set to make a decision on the proposed cuts by May 7.
|
|
The Tax Foundation notes these tariffs would reduce impact of the tax cuts by 28503 percent.
|
|
Traders now are betting on multiple rate cuts by the Fed over the next 26 months.
|
|
The Fed could seek to dampen the effects of tax cuts by raising rates more quickly.
|
|
Also doable: You can finance substantial rate cuts by removing tax breaks from the corporate code.
|
|
One is whether to offset tax cuts by cutting spending or closing tax loopholes or both.
|
|
Second, the bill slams the brake on carbon pollution cuts by blocking the Clean Power Plan.
|
|
They also bet on upcoming interest rate cuts by the central bank as inflation heads down.
|
|
Power cuts by Eskom last year pushed Africa's most industrialised economy to the brink of recession.
|
|
The bill pays for some of the tax cuts by eliminating deductions, some of them popular.
|
|
Naturally, Democrats are even less supportive, opposing such tax cuts by a staggering 33-62 margin.
|
|
The problem is that no one believes them: markets are pricing rate cuts by next June.
|
|
Barclays anticipates some countries will try to achieve cuts by doing maintenance on refineries earlier than planned.
|
|
We like making long cuts by the new hem and shorter and shorter parallel lines above it.
|
|
At a meeting this week in Vienna, opec agreed to extend oil production cuts by nine months.
|
|
OPEC members agreed on Monday to extend oil production cuts by nine months, an OPEC delegate said.
|
|
Oil prices have recently recovered to their highest since late 2014 following output cuts by major producers.
|
|
Still, the drops in oil prices were checked by continued production cuts by major exporters, tightening supply.
|
|
It is contingent on spending cuts by the state government and measures to raise revenues, authorities said.
|
|
Investment cuts by energy firms as they adjust to reduced profits from cheaper oil have also weighed.
|
|
Not even output cuts by OPEC and its partner states have been able to reverse the trend.
|
|
The ECB's moves follow emergency rate cuts by the U.S. Federal Reserve and the Bank of England.
|
|
Further rate cuts by the U.S. Federal Reserve could lift the Taiwan dollar, hurting its export competitiveness.
|
|
In 2017, Trump slashed corporate taxes and "paid" for the tax cuts by running up the deficit.
|
|
Oil prices have only just started recovering thanks to supply cuts by OPEC and non-OPEC producers.
|
|
Money markets have also priced in cuts by the European Central Bank and the Bank of England.
|
|
Bets on interest rate cuts by the Fed have pushed the dollar index down 1.7% this month.
|
|
He also promised to cut an extra $500m in costs, on top of previously announced cuts, by 2020.
|
|
Chicago also sued the federal government in August over the threats of funding cuts by the Justice Department.
|
|
OPEC is expected to publish the full list of voluntary supply cuts by the end of the week.
|
|
Futures imply 44 basis points of cuts by year end in the current effective funds rate of 2.38%.
|
|
Futures imply 42 basis point of cuts by year end in the current effective fund rate of 2.38%.
|
|
The Organization of the Petroleum Exporting Countries (OPEC) agreed on Monday to extend production cuts by nine months.
|
|
Can Trump make up for his tax cuts by cutting two federal agencies and negotiating with drug companies?
|
|
It includes the pair doing their thing over cuts by Ibeyi, Bayonne, Lianne La Havas, and Alabama Shakes.
|
|
The move leaves price-boosting production cuts by OPEC and its partners in place until at least June.
|
|
Can Trump make up for his tax cuts by cutting two federal agencies and negotiating with drug companies?
|
|
Supply cuts by the Organization of the Petroleum Exporting Countries and allies such as Russia also supported prices.
|
|
In addition to speed, a waterjet cutter adds repeatability and the ability to control the cuts by computer.
|
|
Republican lawmakers are also questioning a proposal to help pay for tax cuts by eliminating popular tax deductions.
|
|
Long-running production cuts by OPEC and Russia have drained once-brimming storage tanks to more normal levels.
|
|
In 2011, Clem reportedly walked away from his Sirius hosting gig due to salary cuts by the network.
|
|
On Monday, oil prices plunged after the collapse of coordinated output cuts by Saudi Arabia, Russia and others.
|
|
Leaders floated but eventually rejected an offer to scale back the cuts by hundreds of billions of dollars.
|
|
A key feature of his plan was to pay for business tax cuts by sharply raising sales taxes.
|
|
But oil production elsewhere has been rising, blunting the impact of output cuts by OPEC and its allies.
|
|
As Congress prepares to pass tax cuts by a simple majority, small business owners have their fingers crossed.
|
|
Oil traders expect OPEC+ will reach a deal to extend the production cuts by at least several months.
|
|
It also depended on substantial production cuts by OPEC in conjunction with production restraint from non-OPEC countries.
|
|
Coordinated production cuts by OPEC and Russia announced at the end of 2016 accelerated a rebalancing process already underway.
|
|
Yet production is rising in Nigeria and Libya, countries exempt from the deal, offsetting cuts by other OPEC members.
|
|
We continue to expect the RBI to have room for another 50 bps of rate cuts by end-FY2020.
|
|
Its strength has persisted even as traders have increased their bets on multiple rate cuts by the Federal Reserve.
|
|
"And to look into the possibility of the adjustment of the cuts by taking into account demand," he added.
|
|
Global prices of oil, a key export, jumped more than 1.5 percent, supported by supply cuts by major producers.
|
|
Money markets are pricing in around 18 basis points worth of rate cuts by the end of the year.
|
|
The recent package of tax cuts, by boosting demand, is likely to suck in imports and widen the deficit.
|
|
Traders raised their bets for a rate cut in July followed by two more rate cuts by year-end.
|
|
JPMorgan now expects as many as three rate cuts by the Federal Reserve, Chief Financial Officer Jennifer Piepszak said.
|
|
That compares with a consensus from a week earlier of two cuts by the end of September this year.
|
|
The market remained leary that cuts by non-OPEC members, in tandem with the OPEC cuts, would be sufficient.
|
|
Following his comments, markets viewed that rate cuts by major central banks could fall short of expectations, he added.
|
|
Ongoing supply cuts by the Organization of the Petroleum Exporting Countries and allies such as Russia also supported prices.
|
|
Wall Street also kept an eye on oil prices after OPEC agreed to extend production cuts by nine months.
|
|
It now expects to announce the job cuts by the end of the month, said Postmedia spokeswoman Georgia Sourtzis.
|
|
Some experts worry about oversupply while others hold their breath ahead of anticipated production cuts by OPEC in November.
|
|
However, production is rising in Nigeria and Libya, countries exempt from the deal, offsetting cuts by other OPEC members.
|
|
Efforts by businesses to whittle down an inventory glut and spending cuts by energy companies have also inflicted pain.
|
|
Markets appeared to price in higher chances of recession and rate cuts by the Fed and other central banks.
|
|
Goldman Sachs said a tiered system would be a "critical" part of any further rate cuts by the ECB.
|
|
Oil prices held most of the previous day's gains as well, on expectations of more production cuts by OPEC.
|
|
Trump and congressional Republicans are pushing to pass a series of tax cuts by the end of the year.
|
|
Now, rates have dropped again thanks to rate cuts by the Federal Reserve in response to the coronavirus crisis.
|
|
Still, the rollback of his signature 2012 tax cuts by the Legislature last month, a stinging rebuke, hung heavy.
|
|
Thursday's strike cut French power generation by more than 10% but EDF avoided power cuts by reducing its exports.
|
|
Details of the negotiations ahead of the official announcement of cuts by OPEC and non-OPEC producers on Dec.
|
|
Expectations of interest-rate cuts by the Federal Reserve have only offset half of the shift in financial conditions.
|
|
Markets are pricing in a higher probability of two cuts by next January than of a single rate hike.
|
|
Oil prices surged, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply.
|
|
Republicans have suggested they want to finance the cuts by slashing entitlement programs like Social Security, Medicare, and food stamps.
|
|
Energy shares tumbled as oil prices skidded after Saudi Arabia effectively ruled out production cuts by major producers anytime soon.
|
|
Some investors doubt planned supply cuts by OPEC and other producers such as Russia will be enough to rebalance markets.
|
|
However, output cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producing nations could reverse this trend.
|
|
But prices are likely to pick up next year as supply cuts by the Organization of the Petroleum Exporting Countries.
|
|
Comprehensive cost cuts by Nordzucker, especially in administration, reduced its losses but did not fully offset them, the company said.
|
|
Markets differ with the assessment — futures trading, which can be volatile, is currently pricing in two rate cuts by January.
|
|
Second, financial markets are booming, boosting the economy by almost as much as three interest-rate cuts, by some estimates.
|
|
U.S. sanctions on crude exporters Iran and Venezuela as well as supply cuts by OPEC and Russia also supported prices.
|
|
But Republicans are up in arms over the proposals to at least partly pay for cuts by eliminating some deductions.
|
|
Oil prices were depressed by producers' verbal jockeying over planned output cuts by the Organization of the Petroleum Exporting Countries.
|
|
Markets appeared to price in higher chances of recession and rate cuts by the Federal Reserve and other central banks.
|
|
He also said supply cuts by OPEC and Russia could lead to a gradual recovery in oil prices in 2019.
|
|
The White House study seeks to quantify the argument by examining the effect of likely RCEP tariff cuts by Japan.
|
|
The central bank approved four hikes in 2018, though markets expect up to three cuts by the end of 2019.
|
|
The Organization of the Petroleum Exporting Countries agreed on Thursday to extend production cuts by nine months, delegates told Reuters.
|
|
But with some key sticking points remaining, can Republicans deliver clean across-the-board tax cuts by year&aposs end?
|
|
Traders are pricing in at least three cuts by the end of 2019, according to the CME Group's FedWatch tool.
|
|
"Prices are going up because we're seeing the impact of the cuts by OPEC and non-OPEC countries," Lipow said.
|
|
This would push back emissions cuts by a few years, which low-lying Pacific island nations view as too risky.
|
|
Inflation soared to a record high in July on the back of fuel and energy subsidy cuts by the government.
|
|
The latest layoffs are not the first employee cuts by Enbridge since oil prices fell into a two-year slump.
|
|
Supply cuts by OPEC and its allies, such as Russia, a group known as OPEC+, have offered support since January.
|
|
Heftier cuts by Saudi Arabia and Angola helped offset weaker compliance by other members that agreed to limit their output.
|
|
But supply cuts by exporters worldwide have given an incentive and opportunity to U.S. shale producers to do the opposite.
|
|
With the support of Iraq and Russia, the OPEC is expected to extend the supply cuts by another nine months.
|
|
OPEC and Russia have officially agreed to extend production cuts by nine months, through the end of 2018, per Bloomberg.
|
|
Markets on Friday scaled back expectations of deep rate cuts by the Fed after better-than-expected U.S. jobs data.
|
|
Oil prices fell further on reports of heavy oversupply despite production cuts by the Organization of the Petroleum Exporting Countries.
|
|
The White House has told the fed that they look forward to seeing a rate cuts by 100 basis points.
|
|
S. trade war and a slew of interest rate cuts by global central banks amid fears of an economic slowdown.
|
|
His health secretary defended the proposed cuts by arguing there was a lot of wasted spending in the agency's budget.
|
|
Markets are betting that officials will make a full percentage point in rate cuts by the end of the year.
|
|
The drop in stockpiles is the latest sign that output cuts by major producers have helped deplete a global glut.
|
|
Current policies on renewable energy and energy efficiency, for instance, should already help to achieve 22020-225% cuts by 21961.
|
|
It briefly regained the lead from Toyota when the 20183 tsunami led to major production cuts by all Japanese automakers.
|
|
Analysts from Canadian bank RBC said they expected drilling activity cuts by Devon Energy Corp, Concho Resources and Matador Resources.
|
|
Iranian Oil Minister Bijan Zanganeh told reporters on Monday he would support prolonging output cuts by six to nine months.
|
|
Cuts by governments since the 1990s are partly to blame, but opera still accounts for 44% of the government's culture budget.
|
|
Stiff cuts by the United States, the world's second-largest emitter, after China, were crucial to holding the international coalition together.
|
|
However, Iraqi Oil Minister Jabar Ali al-Luaibi pledged his country would meet its required cuts by the end of January.
|
|
Announced job cuts by U.S.-based companies in the first quarter were the highest since 2015, other data showed on Thursday.
|
|
Futures imply no less than 44 basis points of cuts by year end in the current effective funds rate of 2.38%.
|
|
Falih said OPEC will decide later whether to extend the six-month output cuts by another six months later this year.
|
|
But ANZ said it is pencilling 2303 bps more of cuts by the end of this year, instead of 25 bps.
|
|
The fire has prompted debate about the impact on poor communities of years of public spending cuts by Conservative-led governments.
|
|
Futures imply no less than 255.57 basis points of cuts by year end in the current effective funds rate of 22%.
|
|
Futures imply no less than 256.02 basis points of cuts by year end in the current effective funds rate of 295%.
|
|
Policymakers are scheduled to meet June 18-19, with financial markets pricing in at least two rate cuts by year-end.
|
|
But recent strengthening of the Canadian dollar could ruin the central bank's plan to sit out rate cuts by global peers.
|
|
A deficit-neutral plan leaves open the option to offset part of their tax cuts by cutting spending on government programs.
|
|
Oil prices were also depressed by producers' verbal jockeying over planned output cuts by the Organization of the Petroleum Exporting Countries.
|
|
The proposed deal would provide a "significant glidepath" in Medicaid cuts by phasing out the expansion over seven years, Portman said.
|
|
Policymakers are scheduled to meet June 463.523-19, with financial markets pricing in at least two rate cuts by year-end.
|
|
A strong dollar, less inventory investment and cuts by energy firms due to sustained low oil prices have hurt industrial production.
|
|
Russia, the biggest contributor to cuts by 11 non-OPEC members, also said it was holding talks about extending the accord.
|
|
General compliance with supply cuts by the oil producers was 86 percent in January and 94 percent in February, he added.
|
|
The rand, however, softened 0.2 percent as continued rolling power cuts by indebted state-owned power utility Eskom weighed on sentiment.
|
|
Given investment cuts by oil majors, Maire Tecnimont is looking to enter the renewable energy sector, Affari&Finanza said on Monday.
|
|
Under the House bill, Penn-Wharton projects the top 1 percent would reap 803 percent of all tax cuts by then.
|
|
The sector has also been hurt by spending cuts by energy firms as they adjust to reduced profits from cheaper oil.
|
|
A strong dollar, weak global demand and spending cuts by energy companies after a plunge in oil prices have undercut manufacturing.
|
|
Oil prices also have received support from supply cuts by the Organization of the Petroleum Exporting Countries and allies including Russia.
|
|
Unpopular budget cuts by Ontario premier Doug Ford, an ally of Scheer's, is another factor in the Liberal rebound, Nanos said.
|
|
Copper and gold prices also gained as weak U.S. economic data fanned hopes of interest rate cuts by the Federal Reserve.
|
|
Mr. Trump's tax cuts, by favoring higher-income taxpayers, delivered an outsize share of their benefits to white and Asian taxpayers.
|
|
Ducey also proposed to restore education funding from recession-era cuts, by $371 million phased in over the next five years.
|
|
If you look at estimates of the distribution of their tax cuts by family income, Bush and Trump's look fairly similar.
|
|
The South Wales Police said the technology was necessary to make up for years of budget cuts by the central government.
|
|
Many Americans have been protesting the cuts by pointing out the many ways that art enriches our lives — as they should.
|
|
U.S. equities have also been on the rise on expectations of big infrastructure investments and tax cuts by the new administrations.
|
|
Increases in North America, Brazil and elsewhere may at least partly offset the impact of the cuts by OPEC and Russia.
|
|
A fall in the Brent crude price has sparked renewed talk of production cuts by the Organization of Petroleum Exporting Countries.
|
|
Three interest rate cuts by the Federal Reserve this year, along with encouraging economic data pushed U.S. stocks to record levels.
|
|
As a result traders raised bets for a rate cut in July followed by two more rate cuts by year-end.
|
|
Outreach groups are responding to the cuts by laying off staff and scaling back the geographic areas where they provide assistance.
|
|
When the CNY was fixed to the dollar, rate cuts by the ECB or BOJ would depreciate their currencies against the dollar.
|
|
Recent lending rate cuts by big commercial banks have given policymakers "more breathing room", said Thammarat Kittisiripat, economist of KT Zmico Securities.
|
|
Financial markets are pricing in at least two 25 basis point Fed rate cuts by year-end, according to CME Fed Watch.
|
|
Expectations of production cuts by OPEC pushed Brent crude back above $58 per barrel and U.S. West Texas Intermediate (WTI) past $53.
|
|
The Philippines became the latest country to cut interest rates on Thursday, following cuts by New Zealand, India and Thailand on Wednesday.
|
|
The zinc market has tightened after last year's output cuts by Glencore Plc and the closure of the Century mine in Australia.
|
|
A strong dollar, weak global demand and spending cuts by energy firms following a plunge in crude oil prices have undercut manufacturing.
|
|
NatWest Markets, in a research note on Monday, reiterated the consensus call for no interest rate cuts by the Fed on Wednesday.
|
|
Top crude exporter Saudi Arabia is lobbying oil ministers to extend output cuts by nine months, sources familiar with the matter said.
|
|
Markets are also pricing in rate cuts by the Federal Reserve this year after the bleak U.S. jobs data released on Friday.
|
|
Crude prices also continued to be supported by falling supplies from Iran and output cuts by OPEC and other major oil producers.
|
|
Cuts by these members will probably be delivered in full, or almost, given their track record of complying with past output agreements.
|
|
Heavyweight oil majors helped lift the main index as supply cuts by OPEC and U.S. sanctions against Iran and Venezuela buttressed prices.
|
|
In that program, the administration proposed repealing ObamaCare's expansion of the program and imposing cuts by placing a new cap on payments.
|
|
Employers announced 140,379 job cuts by the end of the first quarter, a 44 percent increase from the same quarter last year.
|
|
Instead, Trump tried to hide the cost of his tax cuts by claiming that they would pay for themselves through boosting investment.
|
|
Implied volatility eased off seven-year highs reached two weeks ago amid frenzied speculation about possible coordinated output cuts by OPEC members.
|
|
Oil prices fell further on reports of heavy oversupply in spite of production cuts by the Organization of the Petroleum Exporting Countries.
|
|
A tax-based strategy that took from the haves and used it to avoid the need for cuts, by contrast, really might.
|
|
Rig count data released on Friday showed that U.S. and Canadian producers have reacted to the OPEC cuts by ramping up production.
|
|
In addition, global outplacement firm Challenger, Gray & Christmas reported a 37.7% jump in planned job cuts by U.S-based employers in August.
|
|
Sales dropped 44.8% in the first half of the year, the association said, despite tax cuts by the government to encourage purchases.
|
|
More: Mr. Trump argued that interest rate cuts by the Fed would make it "game over" for China in the trade war.
|
|
Analysts from Canadian bank RBC said they expected drilling activity cuts by EOG Resources, Devon Energy Corp, Concho Resources and Matador Resources.
|
|
Goldman Sachs economists say it's more likely Congress approves tax cuts by next year, after a Senate deal on the budget resolution.
|
|
Energy stocks advanced as expectations of supply cuts by OPEC and falling U.S. inventories propped up oil prices across the last week.
|
|
Evans said recent rate cuts by the Fed were appropriate but the bank would be ready to make further adjustments if needed.
|
|
The rally in oil prices also impacted the lira, as investors anticipate production cuts by OPEC and a reduction in Canadian supply.
|
|
Reading | "NASA emphasizes importance of Earth science given concerns about budget cuts," by Jeff Foust, published in Space News on Nov. 11.
|
|
Russia has been key to global oil supply cuts by OPEC and non-OPEC producers allied with Moscow, together known as OPEC+.
|
|
But more rate cuts — by the Fed, as well as the European Central Bank and other global central banks — seem highly likely.
|
|
As for the S&P2100 rally, many credit interest rate cuts by the Federal Reserve - and it has pressed pause on those.
|
|
The market is now pricing in a 28.4% chance of two rate cuts and a 36.0% chance of three cuts by December.
|
|
Some economists therefore expect attempts to mitigate the negative impact of rate cuts by excusing banks from negative rates on some excess reserves.
|
|
On the supply side, production cuts by major oil producers and slower-than-expected U.S. output will help oil prices recover, she says.
|
|
Futures are almost fully priced for a quarter-point easing in July and imply more than 21 basis points of cuts by Christmas.
|
|
Fed policymakers will meet on June 21.6-23 and markets have priced in at least two rate cuts by the end of 4.33.
|
|
Both the pound and British government bond yields have been lifted by fading expectations of interest rate cuts by the Bank of England.
|
|
Oil prices have surged in recent months due to output cuts by the Organization of the Petroleum Exporting Countries, Russia and other producers.
|
|
If "substantial wage growth" is observed, the possibility of rate cuts by the Fed would be taken "right off the table," Carnell said.
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Prices have recovered to around $56 per tonne currently on hopes that cuts by OPEC and other producers will help erode the oversupply.
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While the U.S. economy remains on a solid footing thanks to huge tax cuts by Trump, some analysts say growth has now peaked.
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With more passengers, drivers would spend less time idling between rides, replacing the lost income from the fare cuts by completing more rides.
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Oil received some support from simmering tensions over Iran and after an extension last week to output cuts by OPEC and its allies.
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Oil rose after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging U.S. production.
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"Investors appear to have got ahead of themselves in expecting rapid rate cuts by the Fed," the firm said in a note Wednesday.
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Republicans have suggested they may seek to finance the tax cuts by slashing entitlement programs such as Social Security, Medicare, and food stamps.
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Trump's proposed 2018 budget calls for deep spending cuts by government science agencies, including a 31 percent reduction for the Environmental Protection Agency.
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"Uncertainty during the quarter around the timing and magnitude of anticipated rate cuts by the Fed was also a contributing factor," he added.
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Futures are almost fully priced for a quarter-point easing in July and imply more than 26 basis points of cuts by Christmas.
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Traders have responded to the increased risk of recession by marking up the probability of further interest rate cuts by the Federal Reserve.
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Still, following job cuts by Evernote and One King's Lane, there's a clear trend toward belt-tightening and financial discipline as 2016 begins.
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Nike, a Dow component, fell 1.68 percent after a slew of price target cuts by brokerages on concerns about intensifying competition from Adidas.
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Citi had expected interest-rate cuts by the Brazilian Central Bank due to a decline in inflation, but that could be in doubt.
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OPEC and non-member oil producers appeared to edge closer to securing a deal on extending output cuts by nine months on Wednesday.
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If production expands at the rate that the EIA has forecast, it will effectively eat up OPEC's cuts by the end of 1.63.
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Fed policymakers will meet on June 18-19 and markets have priced in at least two rate cuts by the end of 203.
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U.N. officials say that aid cuts by the United States, the single largest donor to UNRWA, were a major cause of the crisis.
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Schulz previously has suggested the German government could respond to the job cuts by scaling back orders for Siemens, a big government contractor.
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This has been an unexpected side effect of production cuts by the Organization of the Petroleum Exporting Countries and some non-OPEC producers.
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But U.S. oil production growth has threatened to undermine production cuts by the Organization of the Petroleum Exporting Countries, Russia and other producers.
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Oil prices rose on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.
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Sales dropped 47.5% in the first seven months of the year, the association said, despite tax cuts by the government to encourage purchases.
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That means that Republicans will need to offset tax cuts by limiting and eliminating many of the tax preferences in the current code.
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In commodities, oil prices inched higher as supply cuts by the Organization of Petroleum Exporting Countries offset concerns about rising U.S. crude inventories.
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Sharp spending cuts by energy firms in response to lower oil prices, and business efforts to sell off inventory have also hurt growth.
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Advocates of Ryan's plan say it would generate revenues that would help Congress avoid paying for tax cuts by expanding the national deficit.
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In 2010, President Obama delayed ending the George W. Bush tax cuts by two years, and Congress allowed it to expire in 2013.
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Fed policymakers will meet on June 18-19 and markets have priced in at least two rate cuts by the end of 2019.
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Futures are almost fully priced for a quarter-point easing in July and imply more than 262.54 basis points of cuts by Christmas.
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Sprint CEO Marcelo Claure told Re/code last year that the company's goal was to make the needed job cuts by Jan. 30.
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Futures are almost fully priced for a quarter-point easing in July and imply more than 60 basis points of cuts by Christmas.
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The tax bill pays for corporate tax cuts by increasing individual income taxes on poor and middle-class Americans in the long run.
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OPEC had proposed to deepen cuts by 240 million barrels per day (bpd) and Russia was asked to cut an extra 453,245 bpd.
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Sorokin said that meant companies began to invest in high-cost oil again, reducing the impact of more output cuts by producer countries.
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She also cited interest rate cuts by 49 central banks and signs that industrial production around the world was starting to bottom out.
|
|
According to Wall Street Journal, Saudi Arabia and Russia proposed to extend oil cuts by three months till the end of June 2018.
|
|
Falih said weaker compliance with cuts by some OPEC states and a rise in OPEC exports had led to a softer crude price.
|
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The market remains uncertain about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.
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Wells Fargo's chief executive, Timothy J. Sloan, is, as a result, targeting $2 billion of cost cuts by the end of next year.
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Doubts have emerged about the effectiveness of output cuts by the Organization of the Petroleum Exporting Countries and other big producers including Russia.
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Gasoline tax increases would have little inflationary impact after successive price cuts by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras.
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Corbyn's campaign has centered on appealing to voters who are frustrated after almost a decade of spending cuts by successive Conservative-led governments.
|
|
But a simple rollover of existing cuts by OPEC+ may not stanch a looming ocean of American oil expected to arrive next year.
|
|
He will also have to deal with an agency weakened by sharply reduced staffing after budget cuts by Republican lawmakers in recent years.
|
|
Fed Chair Janet Yellen has said that temporary factors such as one-off price cuts by wireless telephone companies are holding back inflation.
|
|
Just in the first quarter this year, Texas-based companies announced an additional 60,350 job cuts, by far the highest in the nation.
|
|
Expectations of production cuts by OPEC pushed Brent crude back above $58 per barrel and U.S. West Texas Intermediate (WTI) made it past $53.
|
|
Futures are almost fully priced for a quarter-point easing in July and imply more than 60 basis points of cuts by year-end.
|
|
But GM warned its loss-making South Korean operations would file for bankruptcy unless the union agreed to further cost cuts by April 20.
|
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VIENNA (Reuters) - The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil production cuts by nine months, an OPEC delegate said.
|
|
The prospects of deeper production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies also helped to support the market.
|
|
Among commodities, oil prices steadied on expectations of supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.
|
|
It will bring total production cuts by state refiners, including Sinopec Corp and China National Offshore Oil Company, to around 940,2603 bpd this month.
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Interest rate cuts by the Fed could lead to a weaker U.S. currency, which makes dollar-denominated metals cheaper for users of other currencies.
|
|
This comes on top of cuts by previous administrations that reduced spending on health as a share of the budget from 10% to 7.7%.
|
|
It may, however, complicate financial markets' expectations of a series of interest rate cuts by the Federal Reserve starting as soon as this month.
|
|
Strong growth figures would also dash hopes of further interest rate cuts by the central bank, which has shifted its focus squarely to inflation.
|
|
This coincided with cuts by some companies, as they dropped prices to compete for customers and passed along some of those losses to workers.
|
|
Lower inflation opens the door for more rate cuts by the central bank, but the central bank has been cautious over the past year.
|
|
Also, supply cuts by the Organization of the Petroleum Exporting Countries (OPEC), particularly by de facto leader Saudi Arabia, have further reduced sour supplies.
|
|
The CME's FedWatch tool suggests roughly a 62% probability that there could be three or more rate cuts by the end of the year.
|
|
"If we had two more rate cuts by the RBA and inflation held at 1.7 percent, Australia would have negative interest rates," he wrote.
|
|
Spending cuts by producers also have sharply cut service providers' margins, a June survey of 214 providers by the Dallas Federal Reserve Bank revealed.
|
|
"The strength in the dollar is surprising given that markets are now expecting multiple rate cuts by 2020," Commerzbank FX strategist Ulrich Leuchtmann said.
|
|
Crude oil prices have risen this year amid supply cuts by OPEC as well as U.S. sanctions on OPEC member countries Venezuela and Iran.
|
|
America's energy industry "benefited immensely" from the coordinated output cuts by OPEC and its allies, Barkindo told CNN Business' Emerging Markets Editor John Defterios.
|
|
Futures markets have almost fully priced in a quarter-point easing in July and imply more than 60 basis points of cuts by Christmas.
|
|
Matthew Downie, policy director for Crisis, said fast action on housing is needed to combat growing homelessness and cuts by the ruling Conservative government.
|
|
However, countries did not commit to emissions cuts that would be sufficient to meeting that goal, with little clarity on emissions cuts by midcentury.
|
|
In commodity markets, oil prices rose on a combination of strong demand and supply cuts by the Organization of the Petrolum Exporting Countries (OPEC).
|
|
Oil prices have risen sharply in recent months due to output cuts by the Organization of the Petroleum Exporting Countries, Russia and other producers.
|
|
In commodity markets, oil prices rose on a combination of strong demand and supply cuts by the Organization of the Petroleum Exporting Countries (OPEC).
|
|
Republicans right now are planning on paying for tax cuts by eliminating deductions and loopholes, but have so far largely been short on specifics.
|
|
A nascent recovery in the crude market lost momentum after Saudi Arabia's oil minister effectively ruled out production cuts by major producers anytime soon.
|
|
Those cuts, by the way, would see federal healthcare spending drop by $83 billion, or 34 percent below estimates under current law, by 2026.
|
|
For ECB, the market expects a 10 bps rate cut at next Thursday's meeting and a total of two rates cuts by year end.
|
|
The price of front-end Fed funds rate futures has been gained on increasing bets on more rate cuts by the U.S. Federal Reserve.
|
|
In confirming its 2019 profit goal of 13 billion euros, UniCredit increased planned cost cuts by 200 million euros to offset slightly lower revenues.
|
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Oil prices hit their highest levels since 603 on Wednesday, showing that oil production cuts by major producers are working and demand remains robust.
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|
That fund, however, is now at risk from the withdrawal of countries such as Germany and Norway and from cuts by the federal government.
|
|
But councillors draw a parallel with austerity, where the government outsourced the blame for cuts by forcing local councils to decide what to axe.
|
|
Monetary policy — that is, interest rate cuts by the Federal Reserve and its counterparts abroad — is normally the first line of defense against recession.
|
|
However, OPEC's monthly report also said U.S. output could rebound as higher oil prices following supply cuts by other producers support increased shale drilling.
|
|
Futures markets have almost fully priced in a quarter-point easing in July and imply more than 0.13 basis points of cuts by Christmas.
|
|
Fears of a slowdown in global economic growth and expectations of more rate cuts by the U.S. Federal Reserve were also supporting bullion, he added.
|
|
Oil prices have surged in 2019 in response to supply cuts by OPEC and the Trump administration's crackdowns on two big producers: Iran and Venezuela.
|
|
Investors are also lowering expectations for rate cuts by the central bank because of the concerns about whether the government can reach the budget targets.
|
|
Africa's most industrialised economy contracted by 3.2% in the first quarter as nationwide power cuts by the ailing utility Eskom hit mining, manufacturing and retailers.
|
|
Fed fund futures now price in more than two 25-basis point rate cuts by year-end, with one almost fully priced in by July.
|
|
Economic growth has been hurt by a strong dollar, slowing global demand, efforts by businesses to cut excess inventory and spending cuts by energy companies.
|
|
U.S. rates futures are pricing in two cuts by the Federal Reserve by the middle of next year to help prop up the country's economy.
|
|
"In my mind there are other concerns investors should focus on first," he said, referring to potential cost cuts by pharmacy management and insurance companies.
|
|
Fed fund futures now price in more than two 13-basis point rate cuts by year-end, with one almost fully priced in by July.
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|
However, supply cuts by global and domestic producers as well as stockpiling by the Chinese government could lead to periodic price rebounds over the year.
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|
When it took power in 2014, the Social Democrat-led coalition government complained that tax cuts by its centre-right predecessor had emptied state coffers.
|
|
Oil prices dipped, having risen sharply on Friday on a drop in European inventories and production cuts by the Organization of the Petroleum Exporting Countries.
|
|
WALLACE: We&aposll ask our Sunday panel if they can make good on the promise of big tax cuts by the end of the year.
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CR: What's going to happen to all the cash that will be freed up by the tax cuts, by the repatriation of cash from overseas?
|
|
In a report last week, Moody's forecast growth of around 1.5 percent, saying Riyadh could offset the impact of budget cuts by raising oil production.
|
|
Crude oil prices have gained 32.5 percent over the past six months to about $70 a barrel because of supply cuts by major producing countries.
|
|
Oil prices could be volatile ahead of Thursday's OPEC meeting, where ministers are expected to approve a plan to extend production cuts by nine months.
|
|
Still, oil prices this year have been propped up by supply cuts by the Organization of the Petroleum Exporting Countries and allies such as Russia.
|
|
It follows a tough period when the oil services industry was hit by a fall in oil prices and spending cuts by major oil companies.
|
|
Top Trump advisers say the president's tax reform plan will justify major tax cuts by relying largely on future revenue gains from faster economic growth.
|
|
"Any further meaningful rally in oil prices will likely lead to further US pressure to ease" output cuts by OPEC and its allies, Goldman said.
|
|
Money markets are now pricing in roughly two U.S. rate cuts by the start of next year as trade worries weigh on the global economy.
|
|
Oil prices surged on Wednesday, extending gains from the previous session as renewed U.S.- China trade talks and supply cuts by OPEC propped up markets.
|
|
The political rift, which sent the lira to a two-month low, is likely to delay further rate cuts by the central bank, analysts said.
|
|
Economic growth has been hit by dollar strength, tepid global demand, efforts by businesses to slim an inventory bloat, and spending cuts by energy companies.
|
|
International benchmark Brent crude futures also rose, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China.
|
|
Global oil supplies remain ample despite output cuts by the Organization of the Petroleum Exporting Countries and other producers of 1.8 million bpd since January.
|
|
The weakening yuan would export China's deflationary risk and reduce the effectiveness of any rate cuts by limiting the ECB's ability to weaken the euro.
|
|
The cuts, by the Organization of the Petroleum Exporting Countries, equal about 1.2 million barrels a day, or around 1 percent of global oil consumption.
|
|
This didn't go over well with global investors, who had been counting on as many as four quarter-point rate cuts by early next year.
|
|
Job creation accelerated across the economy this year, compared to 2017, including at several large companies that celebrated the tax cuts by expanding hiring plans.
|
|
The United States agreed to eliminate steel tariffs and lower aluminum tariffs to below 5 percent in 1995 in exchange for tariff cuts by others.
|
|
He says the recent decline in the stock market is a result of an alarmist media and insufficient interest-rate cuts by the Federal Reserve.
|
|
Low rates have led to glittery returns for gold Three interest rate cuts by the Federal Reserve last year helped to weaken the US dollar.
|
|
The 429-page bill, released Thursday, would slash income tax and corporate tax rates and pay for a portion of the cuts by eliminating deductions.
|
|
Oil prices rose Tuesday, lifted by robust economic growth data as well as ongoing supply cuts by a group of exporters including OPEC and Russia.
|
|
The supply cuts by OPEC and its allies, which are scheduled to last throughout 2018, were aimed at tightening the market to prop up prices.
|
|
The rouble benefited from the latest rate cuts by the central bank as expectations the rate would go lower made Russian bonds more attractive assets.
|
|
China has launched a campaign to curb choking smog in its northern regions, ordering a slew of output cuts by the steel and aluminium producers.
|
|
Stocks fell, yields on U.S. Treasuries sank, and interest-rate futures traders are now in pricing in two U.S. interest rate cuts by year's end.
|
|
This implied that the White House planned to compensate for any revenue lost through tax cuts by curbing deductions or finding ways to raise revenue.
|
|
The number of job cuts by U.S. employers decreased by 220006 percent in September to the lowest level since 2202, according to a private survey.
|
|
Russian Energy Minister Alexander Novak said a panel of energy ministers including Saudi Arabia and Russia had recommended OPEC+ deepen the cuts by 210.66,211.42 bpd.
|
|
ANKARA, Dec 20 (Reuters) - Turkey's President Tayyip Erdogan said policy rate cuts by the central bank will continue next year, broadcaster NTV reported on Friday.
|
|
Earlier this year, Harley executives said they were counting on the strength of the company's brand to avoid having to match price cuts by rivals.
|
|
The 2628-page bill, released Thursday, would slash income tax and corporate tax rates and pay for a portion of the cuts by eliminating deductions.
|
|
Mandatory spending cuts by Congress that went into place in 2011 meant that military spending went down in the later years of Mr. Obama's term.
|
|
He also seemed to put academics, including the humanities, as a top priority, avoiding cuts by belt-tightening in other ways, such as hiring freezes.
|
|
Signs of creeping employment weakness were also flagged by another report on Thursday showing a 15 percent jump in announced job cuts by employers in January.
|
|
Crude prices have surged in 0003 in response to deep supply cuts by OPEC and the Trump administration's crackdowns on two OPEC nations: Iran and Venezuela.
|
|
Xi appeared to allude to those cuts by saying government officials must "make every effort to help officers and soldiers resolve worries about the future consequences".
|
|
Prices were supported by tighter supply amid continuing production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and U.S. sanctions on Iran and Venezuela.
|
|
It came amid supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and U.S. sanctions on oil-producing countries such as Iran and Venezuela.
|
|
Fed funds futures were pricing a 64% chance of either a half percent rate cut or two quarter-point cuts by the end of the year.
|
|
Africa's most industrialised economy contracted by 3.2% in the first quarter as nation-wide power cuts by the ailing utility Eskom hit mining, manufacturing and retailers.
|
|
Backdrop: The market also has pared back expectations for 3 hikes (or 75 basis points of cuts) by the end of the year, but only modestly.
|
|
However, some of those worries were put to rest by Wednesday's election results, which reduced the odds of further corporate tax cuts by the Trump administration.
|
|
VIENNA, July 1 (Reuters) - The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil production cuts by nine months, an OPEC delegate said.
|
|
Expectations for rate cuts by the Fed saw the dollar drift away from recent highs, though currencies were by and large quiet in early European trade.
|
|
The U.S. Federal Reserve has looked increasingly likely to cut interest rates, with many analysts now pricing in two cuts by the end of the year.
|
|
Adding to the dour mood, oil prices fell on signs that the market was well supplied with crude despite production cuts by OPEC and major exporters.
|
|
In 2008, Qatar's central bank decided not to follow an unprecedented string of rate cuts by the Fed that brought its policy rate close to zero.
|
|
Still, yields on interest rate futures <0#2DIJ:> were mostly up, signalling a smaller likelihood of interest rate cuts by the central bank in coming months.
|
|
Since its inception, oil prices have doubled to more than $60 per barrel, mainly as a result of a series of production cuts by its members.
|
|
Economic growth has been hit by a strong dollar, slowing global demand, efforts by businesses to slim an inventory bloat, and spending cuts by energy companies.
|
|
Meanwhile, oil prices are being propped up by U.S. sanctions on Iran and Venezuela along with voluntary supply cuts by the OPEC and other major producers.
|
|
Since its inception, oil prices have doubled to more than $60 per barrel - mainly as a result of a series of production cuts by its members.
|
|
The most straightforward way to do this from a conservative point of view would be to offset the cost of tax cuts by reducing federal spending.
|
|
On the supply side, oil markets have received support from supply cuts by the Organization of the Petroleum Exporting Countries and non-OPEC members including Russia.
|
|
As a painfully awkward DJ spins trendy cuts by Porches and Mr. Twin Sister, they begin to discuss their main goal of the evening: getting laid.
|
|
"Tax cuts by November beat comprehensive reform next spring because changes will take time to take effect and for voters to feel the impact," they said.
|
|
The prospect of extended oil production cuts by the Organization of the Petroleum Exporting Countries and other producers led by Russia had supported prices on Thursday.
|
|
The company announced plans earlier this year to reduce costs by $2 billion, including through job cuts, by the end of 2018, a spokeswoman told CNBC.
|
|
What's driving the increase since January: A decrease in the global supply of oil, led by ongoing cuts by OPEC, is driving up global oil prices.
|
|
But the prospect of extended oil production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia helped support prices.
|
|
"Why would we make it easier for them to pass unpaid-for tax cuts by giving away a vote on raising the debt ceiling," mused Sen.
|
|
The new measure would repeal all of the taxes associated with the Affordable Care Act, and it pays for the cuts by cutting billions from Medicaid.
|
|
With trade tensions rising, U.S. growth slowing and hiring in May declining, markets have priced in at least two rate cuts by the end of 2019.
|
|
That explains why, rather than paying for corporate cuts by offsetting an appropriate number of corporate tax breaks, the Senate wants to cut Medicaid and Obamacare.
|
|
Others, they say, would try to offset the steep cuts by laying off hundreds of thousands of workers and abandoning lower-paying services like mental health.
|
|
Futures markets have almost fully priced in a 25 basis point rate cut in July and two to three cuts by the end of the year.
|
|
There is a requirement placed on the company, based on the cuts by OPEC members and non-OPEC members, and we are abiding by that guideline.
|
|
To support prices, Saudi Arabia has brokered production cuts by the OPEC cartel of oil-producers and slashed its output by 7% from December to June.
|
|
Investors are now expecting three Fed cuts by mid-year , beginning with one in March which had been rated just a 9% chance a week ago.
|
|
"But we are better off than we thought we would be going into 2019," he added, largely because of interest rate cuts by the Federal Reserve.
|
|
Fears of recession have abated, eased by a series of interest-rate cuts by the Federal Reserve and a trade truce between the U.S. and China.
|
|
Iraq last year boosted production by more than 500,000 bpd, despite spending cuts by companies working at the southern fields and conflict with Islamic State militants.
|
|
Three interest rate cuts by the Federal Reserve this year and mostly encouraging U.S. economic data have also helped push Wall Street stocks to record levels.
|
|
Depoliticization is necessary both to avoid unsupportable civil service salary increases by some politicians or intimidation of civil servants via threats of salary cuts by others.
|
|
The additional cuts by the Organization of the Petroleum Exporting Countries and allies including Russia - a grouping known as OPEC+ - will last throughout the first quarter.
|
|
SINGAPORE, Jan 15 (Reuters) - Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains.
|
|
Interest-rate futures surged in response to the dovish remarks, and traders are now betting heavily on three rate cuts by the end of the year.
|
|
It could also require more budget cuts by the government, although education and healthcare spending as well as key infrastructure projects needed to be protected, Daves said.
|
|
If, for example, Congress tried to offset the impact of income tax cuts by ending tax-free treatment of municipal bonds, states could lose crucial borrowing power.
|
|
A separate report on Thursday from global outplacement consultancy Challenger, Gray & Christmas showed planned job cuts by U.S.-based employers dropped 153 percent to 60,587 in March.
|
|
Traders anticipated the planned cuts by the Organization of the Petroleum Exporting Countries would reduce global oil supplies and lead to a drawdown in stockpiles in 2017.
|
|
"It's why OPEC is being a bit stingy with barrels," Kilduff said, referring to output cuts by the Organization of Petroleum Exporting Countries and allies including Russia.
|
|
The net change for non-OPEC production in 2017, taking into account cuts by 11 countries, is expected to be close to a 400 kb/d increase.
|
|
Analysts said prices could be volatile as higher U.S. crude supplies offset output cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producing nations.
|
|
Oil prices gave up gains after Saudi Oil Minister Khalid Al-Falih gave mixed messages on future production cuts by the Organization of the Petroleum Exporting Countries.
|
|
"Rate cuts by major central banks, a deteriorating global economic outlook and elevated geopolitical tensions are the key tailwinds for gold prices," ANZ analyst Daniel Hynes said.
|
|
Meanwhile, the Bundestag lower house has agreed to roll over military missions in Afghanistan and Mali and debated topics from Brexit to planned job cuts by Siemens.
|
|
Shares of Seagate Technology swelled almost 22 percent after the company announced a restructuring plan that includes 6,500 job cuts by the end of fiscal year 2017.
|
|
The spate of price target cuts by brokers lowered its median price target to $61.74, down 2.7 percent from just a month ago, Thomson Reuters data shows.
|
|
Tax cuts by George W. Bush, tax hikes under George H. W. Bush, and government spending under Barack Obama are among examples under prior presidents, he said.
|
|
Russian President Vladimir Putin said over the weekend that the non-OPEC leader had agreed with Saudi Arabia to extend supply cuts by at least six months.
|
|
TOKYO (Reuters) - JX Holdings, Japan's top oil refiner, is not seeking alternative crude oil to offset supply cuts by global producers, its top official said on Thursday.
|
|
Traders are now pricing in two more interest rate cuts by year's end, including nearly complete confidence the Fed will ease again when it meets next month.
|
|
New York (CNN Business)The Dow and US markets closed lower on Friday, as geopolitical worries overshadowed the hopes of interest rate cuts by the Federal Reserve.
|
|
SHANGHAI, May 26 (Reuters) - China should prevent excess imports of copper to offset output cuts by domestic smelters, a senior executive at Jiangxi Copper said on Thursday.
|
|
Supply cuts by the Organization of the Petroleum Exporting Countries and its allies, such as Russia, a group known as OPEC+, have offered some support since January.
|
|
In commodities, oil prices retreated, as concerns lingered about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.
|
|
"The market remains nervous about rising U.S. production, which is also reducing the effectiveness of output cuts by the OPEC and some non-OPEC countries," Kumar added.
|
|
Tax cuts, by contrast, raise the debt and burden members of future generations, who don't have lobbyists and can't vote in the members' next re-election campaigns.
|
|
Growing U.S. supply is expected to partly offset cuts by the Organization of the Petroleum Exporting Countries and their partners, said Rahul Prithiani, director at CRISIL Research.
|
|
Oil prices have recovered in the past year on the back of oil production cuts by OPEC, Russia and other producers, helping reduce the global inventory overhang.
|
|
Its leader Saudi Arabia is pushing to extend output cuts by nine months while non-member Russia is hesitating due to worries that the market could overheat.
|
|
Many investors have viewed bitcoin as a way to protect themselves from interest rate cuts by central banks like the Federal Reserve, ECB and Bank of Japan.
|
|
The surprise move by Mexican policymakers followed rate cuts by central banks around the world as a trade-induced slowdown showed more signs of stymieing global growth.
|
|
The surprise move by Mexican policymakers followed rate cuts by central banks around the world as a trade-induced slowdown showed more signs of stymieing global growth.
|
|
The weak private consumption comes despite three interest rate cuts by the Reserve Bank of Australia last year and government giveaways in the form of tax rebates.
|
|
Paleontologists are trying to make up for state budget cuts by looking for corporate sponsors and crowdfunding to complete their study of raptor fossils found in Utah.
|
|
The Brazilian real dipped 2711.25%, continuing its slide from earlier this week after weak inflation data prompted bets of more interest rate cuts by the central bank.
|
|
Oil prices — about $59 a barrel for the Brent benchmark — have edged down in recent weeks despite the big production cuts by Saudi Arabia and other producers.
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But was that the result of the Reagan tax cuts, or was it, as most economists think, the result of interest rate cuts by the Federal Reserve?
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Deeper production cuts by the cartel and other major producers including Russia won't be enough to prevent a global supply glut, the International Energy Agency said Thursday.
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Green lobbyists are pushing for an even more ambitious target of 60% or 70% cuts by 103, but some critics say her plans may cripple European industries.
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The supply cuts by OPEC and its allies, which are scheduled to last throughout 2018, were aimed at tightening the market in order to prop up prices.
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Bouterfa said Algeria's proposals called for 1.1 million barrels per day (bpd) in cuts by OPEC members and decreases totaling 600,000 bpd by non-members, SHANA reported.
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But their fight for the right to be educated in French, which dates to the 19th century, ramped up again thanks to cuts by Premier Doug Ford.
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National Economic Council Director Larry KudlowLawrence (Larry) Alan KudlowMORE on Friday said that the White House hopes to introduce new middle-class tax cuts by the fall.
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Oil prices — about $59 a barrel for the Brent benchmark — have edged down in recent weeks despite the big production cuts by Saudi Arabia and other producers.
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Reducing contribution limits would be, in effect, an accounting maneuver that would create space for tax cuts by collecting tax revenue now instead of in the future.
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Escalating trade tensions and recent signs of a cooling labor market are currently stoking expectations in financial markets for three Fed interest-rate cuts by year end.
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I think that the dot-plot moved to where there would be perhaps up to 50 basis points in cuts by the time we get to 2020.
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Hedge funds accumulated a large net long position in WTI spreads following the announcement of production cuts by OPEC and non-OPEC countries in November and December 2016.
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Fed fund futures now price in more than two 25-basis point rate cuts by the end of this year, with one almost fully priced in by July.
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Morgan Stanley analysts, however, said that output cuts by China's major aluminium producers would be offset by expansion in the collective output of the country's many smaller players.
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Even if the Fed keeps rates steady on Friday, some Fed policymakers might signal they expect rate cuts by the end of the year or possibly in 2020.
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The Trump team seems to know this, especially now that the White House is looking to make major budget cuts by surgically eliminating programs within the federal agencies.
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Mick Mulvaney, Trump's budget director, justified the cuts by decrying the country's terrible budget deficit and insisting that not supplying struggling people with federal assistance is somehow compassionate.
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Production in North America, led by U.S. shale output, is increasing after supply cuts by OPEC and non-OPEC countries pushed oil prices to above $50 a barrel.
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January 503: The Trump administration begins a series of funding cuts by withholding $250 million in aid to UNRWA, the main U.N. agency that deals with Palestinian refugees.
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ING, which is currently forecasting two 25 basis point policy rate cuts by the central bank by year-end, may review its estimates to pencil in fewer cuts.
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OPEC agreed on Thursday to extend its existing production cuts by nine months - more than the initially suggested six months - in tandem with non-OPEC producers, including Russia.
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The futures market implied traders are positioned for at least three rate cuts by year-end, with the first decrease at the Fed's July 30-31 policy meeting.
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However, analysts said oil markets remained tight amid supply cuts by producer group OPEC and allies such as Russia, and as political tension escalates in the Middle East.
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According to the governor's letter on Wednesday, the biggest cuts by dollar amount are to services for people with developmental disabilities, which will see $17.2 million in reductions.
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S. trade talks overtook the bullish news about production cuts by the Organization of the Petroleum Exporting Countries and its allies, including Russia, and the Fed's dovish stance.
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After rate cuts by South Africa and Ukraine this week, Russia and Turkey are expected to join the easing in the central and eastern European sphere, they added.
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The longer inflation takes to fall closer to the target, the more investors will probably have to wait for interest rate cuts by the central bank, economists said.
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The closely watched IHS Markit/CIPS survey of the services sector is deep into territory associated in the past with interest rate cuts by the Bank of England.
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Commerzbank analysts said in a note that they saw further upside for the rouble in the short term, predicting only cautious rate cuts by the Russian central bank.
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The Organization of the Petroleum Exporting Countries forecast stronger demand for its oil in 2018 and said production cuts by producing nations were clearing the global crude glut.
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In commodity markets, oil prices on Friday gave up some the previous day's stellar gains, but expectations of more production cuts by OPEC were expected the underpin prices.
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Rating agency S&P Global raised its Brent oil price assumptions back up to $60 a barrel, on the back of the production cuts by OPEC and Russia.
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Earlier this week, however, the central bank paved the way for rate cuts by announcing new curbs on mortgage lending that are geared toward dampening the housing market.
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Rising geopolitical uncertainties and the impact of future interest rate cuts by the U.S. Federal Reserve present challenges to efforts by Goldman and its rivals to increase revenue.
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Since a sharp fall in May, Wall Street's main indexes have been trending higher to hit record highs on hopes of interest rate cuts by the Federal Reserve.
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Crude prices have gained more than 50 percent since June, as production cuts by OPEC and a number of non-OPEC oil producers increasingly bite into global inventories.
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They had hoped to send a bill to Trump swiftly — Easter was their initial goal — then use their fiscal 2018 Golden Ticket to pass tax cuts by August.
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Still, oil prices this year have been propped up by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies such as Russia.
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VIENNA (Reuters) - OPEC is still debating whether to extend oil output cuts by six or nine months, UAE Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday.
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Board members would be nominated by Congress and would have the authority to reject the Puerto Rican legislature's budgets, write their own and order spending cuts by fiat.
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Rising household debt remains an issue for the central bank, as previous interest rate cuts by the BOK have been identified as a key reason behind feverish borrowing.
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Oil prices have gained nearly 20 percent this year, driven primarily by coordinated supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and partners including Russia.
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The surprise move by Mexican policymakers follows recent rate cuts by central banks around the world as a trade-induced slowdown shows more signs of stymieing global growth.
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A new nationwide poll of small business owners conducted by the Job Creators Network finds that small businesses favor the tax cuts by a 10 to one margin.
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Perhaps congressional Republicans would never have really decided to pay for upper-bracket tax cuts by lowering the amount Americans could put into their 401(k) retirement accounts.
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Republicans have vented frustration that Trump is drowning out the strong economy and his tax cuts by largely focusing on red-meat issues to drive out the base.
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Among other stocks, Charles Schwab fell 3.2 percent after the company said it would cut its ETF trade and online equity fees, following similar cuts by Fidelity Investments.
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His plan will give the wealthy and corporations the biggest tax cuts they've ever had, more than the Bush tax cuts by at least a factor of two.
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In commodities, oil prices remained soft, as concerns lingered about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.
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Spending cuts by energy companies in the wake of a plunge in oil prices are also a drag, as are efforts by businesses to reduce an inventory glut.
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However, spending cuts by successive governments to reduce the public deficit have led to more people paying out of their own pockets for what used to be free.
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Trump administration officials defend the cuts by saying the rest of the world must do its "fair share" as the United States retreats from its traditional spending abroad.
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U.S. futures fell nearly 6 percent from the previous quarter, while Brent lost 7 percent as rising inventory levels outpaced output cuts by OPEC and non-OPEC members.
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So with tuition unable to cover costs, thanks to freezes and budget cuts by state legislatures, many public colleges are using fees to help pay for core instruction.
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General Motors last week underscored the worries by announcing a reduction of 2,000 jobs at factories in the United States, after news of similar cuts by Ford Motor.
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January 22019: The Trump administration begins a series of funding cuts by withholding $250 million in aid to UNRWA, the main U.N. agency that deals with Palestinian refugees.
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Connor, 6, recently prepared for a visit to City Cuts by bringing a book from home: "I Love You as Big as the World" by David Van Buren.
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A tenth of a teaspoon of enzymes in a typical European laundry load cuts by half the amount of soap from petrochemicals or palm oil in a detergent.
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The cuts by OPEC members and other producers have amounted to more than 1 percent of global supplies, but they have taken on outsize significance in the markets.
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The crude market is watching for possible deeper output cuts by the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+.
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Brokers and analysts expect growing U.S. supplies to offset cuts by the Organization of the Petroleum Exporting Countries in 2020 amid sluggish worldwide demand, weighing on oil prices.
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But when they fell to uncomfortable levels early last year, he backed production cuts by OPEC and other producers, like Russia, as a way to prop up prices.
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The S&P's career day pushed its growth for the year up to 85033 percent, much of which has come due to interest rate cuts by the Fed.
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"The reduction in Libya's output and expectations for additional production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ are also lending support," he said.
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Money markets now price roughly two 25-basis-point rate cuts by the Federal Reserve and expect a 10 bps cut by the European Central Bank by December.
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Oil futures extended gains in Asia after OPEC sources said the cartel wants to extend crude output cuts by three months to June, easing concern about excess supplies.
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The production cuts by OPEC and 10 other allied producers, which are scheduled to last throughout 2018, are aimed at clearing a supply overhang and propping up prices.
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The bill breaks with both House Republicans and President Trump by delaying corporate tax cuts by one year and by repealing the deduction on state and local taxes.
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Oil prices had earlier been supported by strong compliance with output cuts by OPEC and its ally Russia, as well as expectations for strong demand growth in 2018.
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Saudi Arabia and its allies shouldered most of the production cuts in 1983/86, 1999 and 2009, with only symbolic cuts by other OPEC and non-OPEC countries.
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But investors have already been anticipating further cuts by the Fed since July's first-in-a-decade cut, and failing to meet those expectations could trigger market turmoil.
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The production cuts by OPEC and 20143 other allied producers, which are scheduled to last throughout 2018, are aimed at clearing a supply overhang and propping up prices.
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Two sources told Reuters that OPEC+, which will discuss policy beyond March at the Vienna meeting, was now considering deepening the cuts by at least 2000,22 bpd more.
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Record-breaking oil imports by China The oil market, on the other hand, has tightened up because of supply cuts by OPEC, geopolitical issues and robust demand from China.
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"In 20.9007, Vallourec faced an extremely difficult business environment, characterized by major exploration and production capex cuts by its customers," Chief Executive Officer Philippe Crouzet said in a statement.
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NEW YORK (Reuters) - Oil prices rose nearly 22018 percent on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.
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The central bank's call came in line with a Reuters consensus poll of analysts last month that indicated the market expects no rate cuts by the end of 2018.
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Would the U.S. be open to Chinese demands that all parties to a trilateral agreement have the same ceilings — which would require dramatic cuts by Russia and the U.S.?
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On Wednesday, Fenner said it would close most of its belt manufacturing facility at Port Clinton, Ohio and complete most of the job cuts by the end of January.
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Five successive rate cuts by the Reserve Bank of India, the central bank, have failed to pull down commercial lending rates, and in any case firms are not investing.
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Markets moved aggressively to price in deeper rate cuts by the Federal Reserve this year, while bond yields touched fresh lows and curves inverted in a warning of recession.
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As stocks slumped this week, safe-haven assets like bonds and gold moved higher, which has led to higher expectations for further interest rate cuts by the Federal Reserve.
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Brent and WTI have risen more than 30 percent so far this year, supported by production cuts by the Organization of the Petroleum Exporting Countries and allies including Russia.
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U.S. sanctions on crude exporters Iran and Venezuela, as well as supply cuts by OPEC, Russia and their allies, have supported prices in recent weeks, tightening the supply outlook.
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Oil refiners worldwide have struggled to secure heavy crude supplies following U.S. sanctions on Venezuela and Iran and output cuts by the Organization of the Petroleum Exporting Countries (OPEC).
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Prices have been propped up by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies such as Russia, often referred to as 'OPEC+'.
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"Market expectations for 100 basis points of rate cuts by 2020 look exaggerated, in our view," Mark Haefele, UBS' global chief investment officer, said in a note on Wednesday.
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FLAT DOLLAR, EURO Expectations for rate cuts by the Fed saw the dollar drift away from recent highs, though currencies were by and large quiet in early European trade.
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TPC finds that the top 5 percent of taxpayers earn 64.6 percent of the benefits from the cuts by 2027: But these averages obscure important differences within income groups.
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The Organization of the Petroleum Exporting Countries on Friday issued a list of oil production cuts by its members and other major producers for six months starting on Jan.
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AMC Entertainment Holdings Inc, Regal Entertainment Group and Cinemark Holdings Inc were all down, with price target cuts by Wedbush Securities analyst Michael Pachter also weighing on the shares.
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Thanks to cuts by the OPEC oil cartel, declining Mexican production and the political instability in Venezuela, the market for heavy crude has been tight recently, says Mr Rogers.
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The latest Drilling Productivity Report provides further evidence that U.S. shale is responding to higher prices brought on by output cuts by OPEC and other major crude-producing nations.
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Nicole Wong, CLSA's regional head of property research, told CNBC's Squawk Box that the property price slump would trigger price cuts by developers as they bid to lure buyers.
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Oil prices lost steam as fears about slower global demand and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC).
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Investors now see the U.S. Federal Reserve cutting rates as well, with Fed fund futures now pricing in more than two 25-basis point rate cuts by year-end.
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For Brown and other Democrats, the column underscored the urgency in shifting decades-long messaging about GOP tax cuts by casting them mainly as a giveaway to the rich.
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Oil prices are being supported by U.S. sanctions on Iran and Venezuela along with voluntary supply cuts by the Organization of the Petroleum Exporting Countries and other major producers.
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Oil rose for a third day on Friday after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging U.S. production.
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They are claiming to pay for proposed tax cuts by charging oil companies $100 million a year to mine the Refuge but we all know what's really going on.
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"Why would we make it easier for them to pass unpaid-for tax cuts by giving away a vote on raising the debt ceiling," Senator Chris Murphy told Politico.
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After it failed, Republicans fell in line with the specious claim they could finance tax cuts by tripling the federal deficit and grow our way out of the hole.
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Oil prices lost ground as fears about slower global demand and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC).
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TOKYO, July 8 (Reuters) - Japanese government bond prices fell on Monday as strong U.S. jobs data for June dampened expectations for aggressive interest rate cuts by the Federal Reserve.
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Crude prices are down nearly 7 percent so far this year, pressured by concern that output cuts by OPEC and its partners may not eliminate the global crude glut.
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Systematic cuts by this administration and the Republicans in Congress have reduced the number of US citizens insured, undermined disease prevention and weakened vaccination efforts, to name a few.
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Production cuts by some manufacturers will also weigh on deliveries this year, though Bombardier sees a pick up in global growth boosting demand over its 10-year forecast horizon.
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What if they offered to give your family a $40 tax cut, but proposed to pay for the tax cuts by actively undermining your children's health care and education?
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Airlines should be able to implement these price cuts by improving their efficiency at airport operations, Pramesti said, adding that they should not compromise safety and other "substantial factors".
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The greenback, which fell on Wednesday after weak U.S. retail sales data supported the case for further interest rate cuts by the Federal Reserve, extended its weakness on Thursday.
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The production cuts by OPEC and 10 other allied producers, which are scheduled to last throughout 2018, are aimed at clearing a global supply overhang and propping up prices.
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In the late 1990s, a series of cuts by OPEC, as well as other producers outside the organization, lifted prices after a collapse to the $10 per barrel range.
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The yield curve between three-month bills and 523-year notes remained inverted, with money markets pricing in roughly two U.S. rate cuts by the start of next year.
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The benchmark index is on track for its best annual performance since 2013, boosted in part by three interest rate cuts by the Federal Reserve and encouraging economic data.
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Aside from optimism over trade relations, the stock market has been lifted by interest rate cuts by the Federal Reserve and better than feared economic data and corporate profits.
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The wider S&P 22.2 index is set for its best year since 21.11, powered by upbeat domestic economic data and three interest rate cuts by the Federal Reserve.
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Crude prices have been boosted by continuing production cuts by OPEC and its allies, US sanctions on Iran and Venezuela, as well as easing worries about weaker global trade.
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The plan follows a string of cuts by boroughs to low-cost housing requirements, including at London landmark Battersea power station, where developers slashed affordable homes by 40 percent.
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Asking the rest of us to pay for the Republican tax cuts by undoing these programs will forfeit the 20th-century economic and social gains that made America great.
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By contrast Brainard, asked about the tax cuts by a member of the audience, said it was "too early" to tell if they will boost productivity or encourage investment.
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Markets moved aggressively to price in deeper rate cuts by the Federal Reserve this year, while bond yields touched fresh lows and curves inverted further in a warning of recession.
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TOKYO, June 14 (Reuters) - Japanese government bond (JGB) prices broadly rose on Friday, tracking overnight gains in U.S. Treasuries amid rising expectations of interest rate cuts by the Federal Reserve.
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The Aussie lost roughly 12 percent in 2015 on factors including lower commodity prices, rate cuts by the Reserve Bank of Australia (RBA) and prospects of slower growth in China.
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ActivTrades analyst Carlo Alberto De Casa said the gold rally is "just the obvious consequence" of investors expecting at least another two rate cuts by the end of the year.
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Earlier this month, Ford said it would cut its 70,000-strong global salaried workforce by an unspecified number and hoped to complete the cuts by the end of June 2019.
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J.P. Morgan Chase economists also promptly called for two Fed interest rate cuts by December, changing their view from an equal chance for either an interest rate hike or cut.
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The price of oil has surged since the turn of 2019, owing to voluntary output cuts by OPEC and its allies, along with U.S. oil sanctions on Venezuela and Iran.
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The prospect of deeper production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies also helped to cap a deeper slide in oil prices on Thursday.
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At the same time, production cuts by Saudi Arabia as well as U.S. sanctions on Iran and Venezuela are expected to curb the growth in oil production in 2019/2020.
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The move would be a so-called insurance cut to protect the U.S. economy from global uncertainties and trade pressures, in contrast to cuts by countries facing more imminent risks.
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Unplanned disruptions have made scheduled cuts by Saudi Arabia and its allies in the expanded OPEC+ group more effective, shifting the oil market outlook from over-production to under-supply.
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Bolstering SOMO's decision to take over trading is the growing scarcity of sour crude due to output cuts by some OPEC and non-OPEC producers that predominantly offer such grades.
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Analysts expect Beijing to unveil more stimulus measures to stabilize growth, including boosting infrastructure spending and possible interest rate cuts by the country's central bank, the People's Bank of China.
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Iranian oil minister Bijan Zanganeh, who fought Falih on many previous occasions, said he would agree with extending cuts by either six or nine months to help the market rebalance.
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That could limit the prospect of more rate cuts by Patel, who is in any case seen as more hawkish and a big backer of the RBI's inflation-targeting push.
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Crude futures remain on course for their strongest monthly gains in more than two years following production cuts by the Organization of Petroleum Exporting Countries and its allies this month.
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Rating agency S&P Global raised its Brent oil price assumptions back up to $60 a barrel on Wednesday, on the back of the production cuts by OPEC and Russia.
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The first hint came in November, when Kuroda referred to the academic concept of a "reversal rate" - the point at which rate cuts by a central bank hurt an economy.
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Large drawdowns in U.S. inventories and growing support for continued output cuts by the Organization of the Petroleum Exporting Countries boosted confidence that a seemingly insurmountable glut might finally diminish.
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Nevertheless, bullish sentiment is set to prevail in the near term, helped by output cuts by OPEC and its allies and sharply falling production from Venezuela and Iran, Kumar said.
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Brent crude is up nearly 303 percent this year, pressured by supply cuts by the Organization of the Petroleum Exporting Countries and allies, and U.S. sanctions on Iran and Venezuela.
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Economists at Capital Economics wrote in a note to clients that the dip in inflation had strengthened the case for interest rate cuts by the central bank later this year.
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But the production cuts by the Organization of the Petroleum Exporting Countries, coupled with the revival of shale oil production, have upended the normal relationships between the different crude grades.
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On a recording from 2007, Lombard, the former chief executive, said he would reach the company's quota of job cuts "by the window or by the door," The Times reports.
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Brent futures have gained around 14 percent in the last month alone, propelled largely by evidence that output cuts by OPEC and its partners are reducing the global oil glut.
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KUALA LUMPUR (Reuters) - Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year.
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Interest rate cuts by the country's central bank coupled with easing lending rules helped improve buyer confidence at property auctions, data released by a major analysis firm last month showed.
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Note that in September, after this article was published, Wealthfront decreased the APY on its Cash Account to 2.07% following two rounds of interest rate cuts by the Federal Reserve.
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Oil prices dipped on growth and trade worries, having risen sharply on Friday on a drop in European inventories and production cuts by the Organization of the Petroleum Exporting Countries.
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Charles Schwab was the top drag on the financial sector after the company said it would reduce its ETF trade and online equity commissions, following similar cuts by Fidelity Investments.
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Annual inflation in Russia slowed to an all-time low of 3 percent in August, paving the way for more rate cuts by the central bank over the medium term.
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The energy group climbed 0.5 percent, even as oil prices slipped on signs that growing U.S. shale production would reduce the impact of cuts by OPEC and other major exporters.
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Hopes for a rate cut had surged following a second surprise cut by the U.S. Fed on Sunday and massive liquidity infusions and rate cuts by other central banks globally.
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Data showed consumer price inflation in Brazil was well contained in August, reinforcing expectations of deeper rate cuts by the central bank as it tries to fire up economic growth.
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But analysts said that fears of a slowing global economy, negative yielding debts around the world and hopes for interest rate cuts by global central banks provided support for gold.
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In addition to OPEC's cuts, the Vienna-based group also helped oil prices rally by securing promises of cuts by several non-OPEC producers, including Mexico, Norway, Oman and Russia.
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OPEC and its allies are proposing to deepen cuts by another 23 million bpd for the second quarter of 2020, alongside extending the existing cuts to the end of 2020.
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"I think (the Reserve Bank of Australia) should do more," Bassanese said, adding that he sees two more rate cuts by the central bank in the first half of 2020.
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Eight months after Congress passed the law, Mr. Trump celebrated the tax cuts by hosting Mr. Smith and other business leaders at a dinner at his Bedminster, N.J., golf club.
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These ambitions have been criticized from all sides: some say a 55% target would cripple European industries while green organizations are pushing for 60% or even 70% cuts by 2030.
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Fading expectations of aggressive rate cuts by the Fed have lifted the two-year U.S. bond yield to 1.642%, compared with a two-year low of 1.368% in early October.
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Interest rate cuts by the Federal Reserve — which appeared more likely Friday after a late-afternoon statement by its chairman, Jerome Powell — can lower borrowing costs and raise stock prices.
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However, corporate capital investment contracted by 5.2% after a 4.1% decline in the previous quarter, indicating that interest rate cuts by the central bank have failed to encourage new investment.
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Earlier on Friday, Novak said the oil market was improving with production cuts by OPEC and non-OPEC members, including Russia, trimming a surplus that had squeezed prices for years.
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These ambitions have been criticised from all sides: some say a 55% target would cripple European industries while green organizations are pushing for 60% or even 70% cuts by 2030.
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VIENNA (Reuters) - A ministerial panel of key OPEC producers and allied countries on Thursday recommended deepening their agreed oil production cuts by 500,000 barrels per day, two sources told Reuters.
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Oil prices are near their highest since late 2500 thanks to strong demand and supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia.
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Iraq's oil minister said on Sunday that OPEC and allied producers will consider deepening their existing oil output cuts by about 400,000 barrels per day (bpd) to 1.6 million bpd.
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Yet, in recent years U.S. funding for global health R&D has largely declined, and federal programs supporting this work have been targeted for further cuts by the Trump administration.
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Despite the energy boom, US oil prices hit a five-month high this week due in large part to supply cuts by OPEC and US sanctions on Venezuela and Iran.
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Energy ministers from some of the world's largest oil producers have agreed to deepen recurring production cuts by an additional 22020,22014 barrels per day (b/d) through to March 20193.
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"Will do what Italians need," Di Maio told Il Corriere della Sera in a interview when asked if the government would finance planned tax cuts by increasing its budget deficit.
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Carney also noted how sharply markets had reversed their bets on further U.S. rate hikes and were pricing in rate cuts by the Federal Reserve in the face of uncertainty.
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Shares fell in Europe and Asia as a nascent recovery in crude prices lost momentum after Saudi Arabia's oil minister effectively ruled out production cuts by major producers any time soon.
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Oil prices sank to a 15-month low following news that output from the U.S. and Russia had hit record levels ahead of planned output cuts by OPEC and its allies.
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However, the decrease could come even sooner than that — the tool assigns a 51% probability of a move lower in September and a nearly 42% chance of two cuts by January.
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"There is stagnation or even a decline in the amounts of potash being bought relative to 2015 and I don't see capacity cuts by potash producers during the year," he said.
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Oil rose 22020% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support.
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International benchmark Brent crude futures ended the year with a 220 percent rise, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China.
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To be sure, falling inflation is expected to spur a string of interest rate cuts by Brazil's central bank next year, which should spur consumer demand and encourage more corporate investment.
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Gardner Denver's revenue had slumped in the last two years, dipping nearly 9 percent to $1.94 billion last year and plunging 17 percent in 2015, largely reflecting spending cuts by customers.
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Under the deal, OPEC's de facto leader, Saudi Arabia, will take the lion's share of cuts by reducing output by almost 500,000 barrels a day to 10.06 million barrels a day.
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Jimmy Kimmel gave us a rare inside look at how the administration plans on carrying out the cuts by playing a short video of Trump starting to "clean house" at PBS.
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SYDNEY, Feb 15 (Reuters) - U.S. oil prices rose on Friday, gaining for a fourth day on hopes of further supply cuts by major exporters, despite uncertainty about U.S.-China trade talks.
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However, OPEC, in a monthly report, also pointed to the possibly of a rebound in U.S. output, as higher oil prices following supply cuts by other producers support increased shale drilling.
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Oil prices have been receiving broad support this year from supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia aimed at tightening markets.
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Expectations of production cuts by the Organization of the Petroleum Exporting Countries pushed Brent crude up 1.7% to $58.34 per barrel and U.S. West Texas Intermediate (WTI) up 3.5% to $54.39.
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A total of 14,000 job cuts by 13 are key to a business plan unveiled in December by UniCredit's new chief executive, Jean Pierre Mustier, to bolster the bank's balance sheet.
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Meanwhile, oil prices are being propped up by U.S. sanctions on Iran and Venezuela along with voluntary supply cuts by the Organization of the Petroleum Exporting Countries and other major producers.
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Meanwhile, U.S. shale oil production has rebounded as crude prices stabilize around $50 a barrel, supported by output cuts by OPEC and other exporting nations aimed at cutting brimming global stockpiles.
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Trump has also promised to reduce taxes for the middle class, but the administration hasn't said how it plans to offset those cuts by eliminating specific deductions and other tax breaks.
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Production cuts by Saudi Arabia and its allies, coupled with U.S. sanctions on Iran and Venezuela, and the threat to exports from renewed fighting in Libya are tightening the crude market.
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China is considering allowing its northern provinces to decide individual output cuts by heavy industry to rein in emissions during the winter, a source involved with the plan said on Tuesday.
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"They are claiming to pay for proposed tax cuts by charging oil companies $100 million a year to mine the Refuge but we all know what's really going on," he wrote.
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The production cuts by OPEC and its allied non-OPEC oil producers, which are scheduled to last throughout 2018, are aimed at clearing a global supply overhang and propping up prices.
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The surprise move by Mexican policymakers follows rate cuts by central banks around the world in the last week as a trade-induced slowdown shows more signs of stymieing global growth.
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"At the root of the plunges are receding expectations of interest rate cuts by the Bank of Japan," said Naoya Oshikubo, senior manager of research at Sumitomo Mitsui Trust Asset Management.
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Oil prices steadied just below two-year highs, supported by supply cuts by major exporters, but analysts said the market could be vulnerable to a selloff after several months of gains.
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According to a national poll of small businesses by the organization that I lead, the Job Creators Network, respondents support the Republican tax cuts by a margin of 28503-to-22019.
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State Bank of India, the country's largest lender by assets, has cut its key lending rate by only 10 basis points in response to the 50 bps cuts by the RBI.
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DXY fell 000% to 96.709, not far above a three-month low of 95.84 hit last week, as traders priced in aggressive interest rate cuts by the Federal Reserve this year.
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National Australia Bank revised its outlook for interest rate cuts by the country's central bank, predicting at least two more easings to 53% by February from previous forecast of one cut.
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Money markets are now pricing in roughly two 20193-basis-point rate cuts by the U.S. Federal Reserve and expect a 10 bps cut by the European Central Bank by December.
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Reuters reported this morning that there's discussion of deepening the cuts by at least 400,000 barrels per day, and that the prospect is one reason why prices rose earlier this morning.
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They might eke out ammunition equivalent to 3 more percentage points of rate cuts by deploying mass bond-buying and promises to keep rates lower for longer, based on his analysis.
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Monetary policy, including three rate cuts by the Fed, was the dominant factor for markets in 2515.31 and will likely be next year, too, as central banks remain accommodative, Hooper said.
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The benchmark S&P 500 index is on track for its best annual performance since 2013, boosted partly by three interest rate cuts by the Federal Reserve and encouraging economic data.
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The unit of Spain's Telefonica said it would propose a dividend of 0.17 euros ($0.19), down from 0.27 euros last year, following similar dividend cuts by competitors Deutsche Telekom and Vodafone.
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The benchmark S&P 500 index is on track for its best annual performance since 2013, boosted partly by three interest rate cuts by the Federal Reserve and encouraging economic data.
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The decision follows supply cuts by the Organization of the Petroleum Exporting Countries and non-member producers, including Russia, since the start of the year aimed at propping up oil prices.
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The Fed's two-day policy meeting starting later on Tuesday is the next major focus after markets have priced in more than two 25 basis-point rate cuts by year-end.
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Some analysts remain cautious on the euro, seeing its fortunes largely tied to the outlook for rate cuts by the Fed, which has more space for monetary easing than the ECB does.
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Yale Zhang, head of Shanghai-based consultancy Automotive Foresight, said price cuts by foreign premium brands will likely force them to adjust the price tag for vehicles they produce locally in China.
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Futures fell early in the day after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters.
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The decline was due to staff and budget cuts by U.S. President Donald Trump and EPA chief Scott Pruitt to downsize the agency, the report by the Environmental Integrity Project (EIP) said.
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Oil traded roughly flat on Tuesday, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters.
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A group of Pacific island and European nations pushed for drastic cuts by mid-century, while Saudi Arabia, India, Brazil, and the International Chamber of Shipping proposed a far less aggressive approach.
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That would require a bigger Saudi concession and deeper cuts by the kingdom to stabilize an oversupplied market and prop up prices that stand well below the budget needs of most producers.
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Kilduff said China may have been a bigger destination for U.S. barrels because of its purchases of U.S. shale operations, and the output cuts by other producers have possibly made an opening.
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Investors might not have to wait long to see U.S. crude inventories fall, even though production cuts by OPEC, Russia and several other oil producers don't go into effect until Jan. 1.
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The slowdown in oil and gas has radiated deep into the economy and huge cuts by heavy equipment and farm machinery manufacturers are battering thousands of smaller suppliers across the industrial belt.
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They left some room open for further rate cuts by omitting certain language in their statement, but left some room for deviation by pointing to remaining "uncertainties" to the country's economic outlook.
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Oil prices edged higher on Wednesday after falling more than 4% overnight, supported by extended output cuts by OPEC and its allies despite concerns that a slowing global economy could crimp demand.
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U.S. crude output is expected to surge beyond 11 million bpd by late 2018, limiting the effectiveness of output cuts by the Organization of the Petroleum Exporting Countries, Russia and other producers.
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BRATISLAVA (Reuters) - Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency said on Monday, appealing to market players to use "common sense".
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The move would be a so-called insurance cut to protect the U.S. economy from global uncertainties and trade pressures, in contrast to interest rate cuts by countries facing more imminent risks.
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ING analysts said the yen was benefiting "from the best of both worlds", pointing to general risk aversion and a rush to price in more interest rate cuts by the Federal Reserve.
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Gold rallied to a six-year peak of $1,438.63 an ounce last month, largely on the back of expectations of rate cuts by key central banks amid concerns over the global economy.
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LONDON (Reuters) - Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non-OPEC countries has become the most contentious issue in the oil market.
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Futures tied to the federal funds rate are currently pricing in a 13 percent chance of one or more cuts by next January, compared to a nearly 8 percent chance of hikes.
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U.S. crude prices were down 2104.21 percent to $20.2 a barrel, as concerns that production cuts by the world's big exporters may not be enough to drain a global glut in crude.
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Oil prices steadied just below two-year highs, supported by supply cuts by major exporters, but analysts said the market could be vulnerable to a sell-off after several months of gains.
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A 0.4 percent loss among healthcare stocks tempered the broad benchmark's gains, with Novartis AG knocked 3 percent lower on the back of price target cuts by UBS, Independent Research and Barclays.
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Investors will be firmly focused on his views on U.S. interest rates as investors have trimmed bets of any more rate hikes this year with some even betting for cuts by 2020.
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Total domestic sales of the sector slid 45% in the first half of the year and stood at 200,901 vehicles, the association said, despite tax cuts by the government to encourage purchases.
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Meanwhile, oil prices are being propped up by U.S. sanctions on Iran and Venezuela along with voluntary supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other major producers.
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On a fundamental basis, supply cuts by firms like Glencore and Freeport McMoRan will help tip the global copper market into deficit and shore up prices, BMI Research said in a note.
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Back then investors were betting on two further rate cuts by March of next year, but have since pared their expectations as deep divisions emerged among ECB policymakers on the path ahead.
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The job cuts by Gazprom Marketing & Trading include 170 people in London and followed a cost savings review by consultancy Oliver Wyman, the WSJ said, citing two people familiar with the matter.
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In commodities, oil prices dipped on growth and trade worries, having risen sharply on Friday on a drop in European inventories and production cuts by the Organization of the Petroleum Exporting Countries.
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Among the forces that could be a drag on stocks: ongoing trade negotiations between the U.S. and China, slow economic growth and interest rate cuts by the Federal Reserve, according to UBS.
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That's because after three interest rate cuts by the Federal Reserve, credit card companies may not be as generous with these plans as they look to make up revenue in other areas.
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The forecast 108.623-basis-point cut would be aimed at insulating the U.S. economy from global uncertainties and trade pressures, in contrast to interest rate cuts by countries facing more imminent risks.
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"Cuts by OPEC and non-OPEC countries have just started and it will take some time for them to filter through," said Bjarne Schieldrop, chief commodities analyst at SEB Markets in Oslo.
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The yield curve between three-month bills and 10-year notes also remained inverted and money markets were now pricing in roughly two U.S. rate cuts by the start of next year.
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Supplies of heavy crude, similar to grades produced in Venezuela, have dried up around the world amid production curtailments in Canada due to pipeline bottlenecks and output cuts by Middle East producers.
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"Growth in oil production from U.S. shale acreages will remain a real threat that could scupper much of the benefits from output cuts by OPEC and some non-OPEC members," he said.
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"Sterling is torn between the likelihood of Britain leaving the EU without a deal, and potential rate cuts by the Fed," said Marc-Andre Fongern, head of forex research at MAF Global.
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The bank's "reinvention", which is expected to lead to 18,000 job cuts by 2022, includes the closure of all of its equities trading and cutting some parts of its fixed income operations.
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Gold in June rallied to a six-year peak of $1,438.63 an ounce, largely on the back of expectations of rate cuts by key central banks amid concerns over the global economy.
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China has already slashed RRR six times since early 210.1 to free up more funds for lending, and analysts polled by Reuters forecast two more cuts by the end of this year.
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It also fails to address the reason: trade rival countries use new mercantilistic tactics to nullify the impact of tariff cuts by manipulating currency, subsidizing state-influenced companies and increasing border taxes.
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Still, global supplies are still ample despite the output cuts by the Organization of the Petroleum Exporting Countries and other producing countries of 1.8 million barrels per day (bpd) from January 2017.
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The agency warned the oil market could stay oversupplied for longer than expected due to rising production and limited output cuts by some members of the Organization of the Petroleum Exporting Countries.
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The statement does not specifically call for new government spending or coordinated interest rate cuts by central banks, a G-7 official with direct knowledge of the deliberations told Reuters on Tuesday.
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The dollar has soared against its peers in recent days despite two emergency interest rate cuts by the U.S. Federal Reserve this month that have brought U.S. interest rates down to zero.
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Gold has jumped about 18% this year as the bruising trade war has sparked fears of a global economic slowdown and encouraged interest rate cuts by major central banks around the world.
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NEW YORK (Reuters) - Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally.
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Asked if the government would finance its tax cuts by increasing the budget deficit, Di Maio told Corriere della Sera newspaper earlier in the day that it "will do what Italians need".
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"The collapse in crude pricing has spurred on expectations of rate cuts by North American central banks," Simon Harvey, FX market analyst for Monex Europe and Monex Canada, said in a note.
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What's happening: Investors are now pricing in a 0% chance the Fed doesn't move at its next meeting in September and a nearly 50% likelihood of 3 rate cuts by year-end.
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Earlier oil prices rose on short-covering and amid hopes for deeper output cuts by the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+.
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U.S. sanctions on oil exporters Iran and Venezuela, as well as supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, also boosted prices.
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That increase is projected even with less output from the OPEC+ countries — which deepened their cuts by 500,000 barrels per day — and slowing production growth projections for the U.S., Brazil and Ghana.
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Fed futures pricing has shifted enormously, with investors now expecting three Fed cuts by mid year, beginning with one in March which had been rated just a 9% chance a week ago.
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Futures pricing shows investors now expect three Fed cuts by mid year, as stock markets have crumbled to be on track for their worst week since the depths of the 2008 crisis.
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"We are actually expecting two more Fed rate cuts by the end of this year," Rohit Garg, foreign exchange and rates strategist at Bank of America Merrill Lynch, told CNBC on Monday.
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Saudi Arabia's economy slowed sharply in the second quarter amid oil output cuts by the world's largest crude exporter, government data showed on Monday, raising fears of an economic contraction this year.
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Brent prices have gained about 22020% in 2019 so far, continuing its modest recovery on the back of supply cuts by the Organization of the Petroleum Exporting Countries and allies like Russia.
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That's because after three interest rate cuts by the Federal Reserve, credit-card companies may not be as generous with these plans as they look to make up revenue in other areas.
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The inventory rise stoked concern that the glut could persist because shale supply, along with more output from Brazil and Canada, could offset output cuts by OPEC and some non-OPEC suppliers.
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OPEC's oil production ticked higher in July, but cuts by top exporter Saudi Arabia weighed on the 15-member group's output just one month after it agreed to start pumping more crude.
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A 25 bps cut would take the cumulative rate cuts by Asia's most aggressive central bank to 160 bps since February and will be the most in a calendar year since 2009.
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It will fund the income tax cuts by curbing capital gains tax discounts, seeking greater taxes from multinationals and banks, and scrapping a favorable tax scheme for property investors called negative gearing.
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The Organization of the Petroleum Exporting Countries and non-OPEC producers such as Russia agreed earlier this month to deepen production cuts by a further 500,000 barrels per day (bpd) from Jan.
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A week earlier, the Organization of the Petroleum Exporting Countries and non-OPEC producers such as Russia agreed to deepen production cuts by a further 500,000 barrels per day (bpd) from Jan.
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The yield curve between three-month bills and 3.13-year notes also remained inverted and money markets were now pricing in roughly two U.S. rate cuts by the start of next year.
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Oil prices are down about 14 percent this year, but the commodity was on an upswing through the first quarter of the year, boosted by production cuts by OPEC and other exporters.
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Hedge fund managers gradually accumulated short positions between mid-April and mid-May amid growing doubts about whether output cuts by OPEC and non-OPEC would be enough to rebalance the oil market.
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Despite this, oil prices have been supported by signs of tighter global supply on the back of production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia.
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A stronger commitment to low inflation could boost Brazil's long-term growth by reducing investor uncertainty, without closing the door to further interest rate cuts by the central bank this year, economists said.
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Growth in Africa's most developed economy has been meek for the last decade and is set to remain so as nationwide power cuts by state firm Eskom hit business activity and consumer confidence.
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The government has also asked the banks to pass on benefits of rate cuts by the central bank, which has cut its benchmark repo rate INREPO=ECI by 110 basis points since February.
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On the flip side, the new law offset some of the cost of those cuts by requiring companies to pay taxes on overseas earnings, a move intended to incentivize investing in America instead.
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The company foresees the need for some run cuts by the refining industry during the third and fourth quarter to rebalance the market though it would not be drawn on its own plans.
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Financial markets had been expecting more cuts by year-end, though some analysts said extended easing did not appear to warranted for now given robust U.S. consumer spending and a strong labour market.
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Gold prices climbed to a six-year high of $1,438.63 an ounce last week, driven by expectations of rate cuts by major central banks and fears of a slowdown in the global economy.
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Like its rivals, the bank faces a challenge to increase revenue in the face of rising geopolitical uncertainties and concerns about the impact of future interest rate cuts by the U.S. Federal Reserve.
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A few of the largest U.S. banks on Tuesday warned investors of the effect multiple interest rate cuts by the Federal Reserve could have on their bottom lines throughout the rest of 33.
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However, the news agency also reported that UAE (United Arab Emirates) Energy Minister Suhail bin Mohammed al-Mazroui said OPEC is debating whether to extend oil output cuts by six or nine months.
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Oil prices held firm, on course to log their fifth straight week of gains, on hopes of supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.
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Talk of production cuts by global oil producers such as Russia and Saudi Arabia have provided a few jolts to the price of oil this year, but the rallies have been short-lived.
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Both Brent and U.S. crude futures reached their lowest in more than a year overnight, but edged higher on Friday on talk that production cuts by OPEC might be larger than first thought.
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Gold prices climbed to a six-year high of $13,438.63 an ounce last week, driven by expectations of rate cuts by major central banks and fears of a slowdown in the global economy.
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Oil prices have already risen 67 percent in the last 11 months, to over $70 per barrel, due to nearly two years of coordinated cuts by OPEC and Russia, and rising geopolitical risk.
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Oil prices have risen to their highest since 2015 because of stronger than expected global oil demand and production cuts by the Organization of the Petroleum Exporting Countries and some non-OPEC producers.
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A day prior, traders had forecast at 35% chance of three cuts by the end of the year; on Wednesday afternoon that figure had fallen to 12%, according to CME Group's FedWatch tool.
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The reading pushed U.S. Treasury yields higher, but money markets still indicated one rate cut at the end of July and a cumulative 64 basis points in cuts by the end of 2019.
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GENEVA — United Nations' human rights officials and other experts have criticized planned budget cuts by the international body that would force the cancellation of hearings to monitor government compliance with human rights standards.
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National Australia Bank on Wednesday revised its outlook for interest rate cuts by the country's central bank, predicting at least two more easings to 0.5% by February from previous forecast of one cut.
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The Saudis, led by Crown Prince Mohammed bin Salman, are seeking to link cuts in OPEC production over the past two years with cuts by Russia, another oil-exporting powerhouse, to buoy prices.
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Asked if the central bank was mainly considering rate cuts by 25 basis points, Zabotkin told reporters that a 50-bp change would only be justified if the inflation forecast was revised significantly.
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" STEPHEN INNES, CHIEF MARKET STRATEGIST, AXICORP "The G7 statement as of now does not include any specific language calling for new fiscal spending or coordinated interest rate cuts by central banks, Reuters reports.
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Earlier, oil prices rose on short-covering and amid hopes for deeper output cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, a grouping known as OPEC+.
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The Republican tax plan is part of a broader agenda that aims to pay for tax cuts by cutting investments in low and middle income families, including Medicaid, education, housing and nutrition assistance.
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COLOMBO, Nov 27 (Reuters) - Sri Lankan shares ended higher on Wednesday, helped by gains in beverage and banking shares, while the rupee ended firmer on hopes of tax cuts by the new government.
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Now politicians can get away with failing to pay for their spending programs or tax cuts by claiming the experts of their choosing have found their proposals will indeed collectively pay for themselves.
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VIENNA (Reuters) - Russian energy minister Alexander Novak said on Thursday that an OPEC+ ministerial panel has recommended deepening oil production cuts by 500,000 barrels per day (bpd) in the first quarter of 2020.
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"I just wanted to do something wonky, weird and minimal," said Brook Perdigon, 39, who started her company in Los Angeles in 2015; it prints patterned textiles with screens she cuts by hand.
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But unlike voluntary cuts by other members of the Organization of the Petroleum Exporting Countries intended to stoke higher crude prices, Venezuela has been unable to stop a six-year-long production decline.
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Oil prices rose on Friday as energy ministers from some of the world's largest oil producers agreed to deepen recurring production cuts by an additional 500,4.733 barrels per day through to March 2020.
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Oil prices deepened their two-day decline on the news, which the market could perceive as an extension of production cuts by just three months until June 2018 rather than a full year.
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As a result of the tightening sanctions against Iran, and because of voluntary supply cuts by other OPEC-members including Saudi Arabia, crude oil prices reached their highest levels in six months this week.
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The oil market is watching whether gains from shale formations may offset production cuts by OPEC members and Russia, which announced plans Thursday to extend production through 2018 to try to rebalance the market.
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Oil prices slid to their lowest since late November as record U.S. crude inventories kept sentiment weak and pointed to a global glut despite supply cuts by the Organization of the Petroleum Exporting Companies.
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"This includes lowering the tax rate on business, from 35% all the way down to 15% and massive tax cuts by the way for middle class workers," he said at a rally this week.
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The Republican plan would pay for tax cuts by eliminating hundreds of tax breaks, including one that allows businesses to deduct net interest costs on debt, a policy heavily favored by Wall Street investors.
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The rising output could undermine oil markets which have been receiving support from supply cuts by the Organization of the Petroleum Exporting Countries, including top exporter Saudi Arabia, and major non-OPEC producer Russia.
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VIENNA (Reuters) - OPEC and non-OPEC producers will discuss on Thursday an option to extend existing oil output cuts by a total of 12 months until June 2018, Russia's energy minister said on Wednesday.
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Most traders expect the oil market to remain modestly oversupplied in 2019, as worries about the impact of a slowing economy on consumption outweigh the impact of production cuts by OPEC and its allies.
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But unlike voluntary cuts by Saudi Arabia, Russia and others intended to stoke higher crude prices by draining a global glut, Venezuela has been unable to stop a now six-year-long production decline.
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Anger in Gaza has also been stoked by funding cuts by the Western-backed administration of Palestinian President Mahmoud Abbas, which dominates the West Bank and is the rival of Hamas, which runs Gaza.
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Amid a series of rate cuts by the RBI, the government also imposed a slew of mergers between state-owned banks that will, in theory, improve their books and make them keener to lend.
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At the same, traders in fed funds futures bet on the Fed making two quarter-point rate cuts by the middle of next year and possibly a third in the second half of 250.9.
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Markets also moved aggressively to price in deeper rate cuts by the Federal Reserve in 2019, parts of the curve inverted further, seen as a warning signal for recession in the world's largest economy.
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VIENNA (Reuters) - Iranian Oil Minister Bijan Zanganeh said on Monday he has no problem with output cuts by OPEC, but poured scorn on what he called "unilateralism" among some members of the producer group.
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Approval would stop the rot in public finances and open the door to waves of privatization, deregulation and tax cuts by making it more attractive for foreign companies to invest in Brazil, they say.
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A firmer housing market should help prop up the economy as it navigates rough seas caused by a robust dollar, spending cuts by energy companies hurt by lower oil prices and sluggish global demand.
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Oil prices fell, however, over concerns about energy demand in China, though the possibility of deeper crude output cuts by the Organization of the Petroleum Exporting Countries and its allies offered some price support.
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Put that action together with a low-interest-rate environment, the prospect of upcoming rate cuts by the Federal Reserve and what some see as weakening economic data, and safety starts to make sense.
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In commodities, oil prices were steady, as markets took a wait-and-see approach to output cuts by both OPEC and non-OPEC producers that are due to start in less than a week.
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New Zealand's move follows rate cuts by global policymakers who have been forced to inject more stimulus as fears grow over the broadening fallout of the U.S.-China trade dispute on the global economy.
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Euro zone bonds had already faced a negative mood after the poor economic data and corporate earnings had deepened worries over the global economy, boosting bets on interest rate cuts by major central banks.
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Keen to halt a further decline in prices, a panel made up by OPEC and other allied producers has recommended an extension of output cuts by another six months from June, a source said.
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Crude oil prices were mixed after rising to their highest levels since December 2014, helped by the dollar's recent weakness as well as signs that production cuts by OPEC and Russia are tightening supplies.
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Spending cuts by global mining firms in the face of weak metals prices have depressed demand for Atlas and a cluster of Nordic equipment makers that also include Sandvik, Denmark's FLSmidth and Finland's Metso.
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Money markets are are 4033% priced for three interest rate cuts of 25 basis points each by next March, while some banks such as Barclays predict three cuts by the end of the year.
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At that time, Oslo left open an option for making cuts by helping developing nations to reduce their emissions, but did not spell out that none of the cuts would be achieved at home.
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Under Paris, 21 percent of the total emissions cuts by the year 2030 are supposed to come from the U.S. But the U.S. was never going to meet that non-binding goal under Trump.
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A business group on Tuesday rolled out a multimillion dollar campaign to pass tax cuts by Thanksgiving as Trump administration officials and leading GOP lawmakers have said they want to pursue broader tax reform.
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And in the developing world, the pace of easing has slackened notably from a crescendo reached in August, although October marked the ninth straight month of net rate cuts by emerging market central banks.
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Among few bright spots, shares of energy companies were higher as crude prices rose more than 2 percent, extending gains ahead of expected output cuts by OPEC and a mandated reduction in Canadian supply.
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Richmond Fed President Jeffrey Lacker said the Asian financial crisis of the late 1990s, which helped prompt interest rate cuts by the U.S. central bank, was a "great analogy" for viewing the current situation.
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Iraq was OPEC's fastest source of supply growth in 2015 and boosted production by more than 500,000 bpd, despite conflict with Islamic State militants and spending cuts by companies working at the southern fields.
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Chevron said in 2016 it would not extend a contract for the East Kalimantan block it had held for 50 years, following a string of asset cuts by oil and gas companies in Indonesia.
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"The biggest risk to us is if we have more than two rate cuts or if the rate cuts are deeper and sharper," said Gupta, referring to rate cuts by the U.S. Federal Reserve.
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But the historical record shows that cuts by Saudi Arabia have been decisive in influencing spot prices and calendar spreads, and that Saudi Arabia, rather than OPEC or OPEC+, is the true swing producer.
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In global markets, sentiment has improved as investors moved to price in more than two 25 basis point of cuts by the Federal Reserve in 2019, with one almost fully priced in by July .
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Despite the robust core U.S. consumer price index data, money markets still indicated one rate cut at the end of July and a cumulative 64 basis points in cuts by the end of 13.
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The move was expected by a small majority of analysts in a Reuters poll and followed scores of rate cuts by central banks around the world to fight the impact of the health crisis.
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Keefe, Bruyette & Woods has lowered its rating on Bank of America shares to market perform from outperform, saying the bank is facing earnings pressure from expected further interest rate cuts by the Federal Reserve.
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Banks are generally disinclined to treat intellectual property or other intangible items as collateral against loans, which could mean interest rate cuts by a central bank have less power to generate increased investment spending.
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At present, that did not include any specific call for new government expenditure or coordinated interest rate cuts by central banks, Reuters reported citing a G-23 official with direct knowledge of the deliberations.
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The Paris-based agency said Thursday that the oil market was expected to move towards balance in the second half of 2020 as coordinated production cuts by OPEC and its allies removed excess supply.
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COLOMBO, Nov 29 (Reuters) - Sri Lankan shares closed at a 17-month high on Friday, helped by positive sentiment surrounding tax cuts by the country's new government, while the rupee ended a tad weaker.
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TOKYO, Feb 2 (Reuters) - U.S. oil rose for a third day on Friday after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging U.S. production.
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While oil prices steadied in Asian trade after a recent spate of weakness, investors are looking for more signs that output cuts by OPEC and some other producers are ending a three-year glut.
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Already we had a yield curve scare last summer, and we have seen three rate cuts by the Federal Reserve and a Treasury bills buying program that have been credited with easing recession fears.
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Gold jumped more than 21% to its highest in a week on Thursday as weak U.S. data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve.
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Three interest rate cuts by the Federal Reserve last year have underpinned some of the housing market's recent strength as well, said Michael Bapis, a managing director for Vios Advisors at Rockefeller Capital Management.
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Bank of New York Mellon missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve.
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VIENNA (Reuters) - OPEC and its allies led by Russia will discuss on Thursday deepening oil cuts by more than 400,000 barrels per day, two sources from the OPEC+ group of oil producers told Reuters.
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In effect, the output cuts by the Gulf producers have mainly acted to give a bigger boost to the prices for the type of oil they predominantly produce, at the expense of lighter grades.
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The benchmark index has gained 26% so far in 1763, fueled by interest rate cuts by the U.S. Federal Reserve and better than feared corporate profits along with optimism over U.S.-China trade relations.
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Oil prices held near 3-1/2-year highs supported by production cuts by oil producing countries and wariness about geopolitical risks in the face Washington's threat to scupper the nuclear deal with Iran.
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UK markets have been sensitive to dovish signals this week as expectations of near-term rate cuts by the Bank of England were raised by weak economic data and remarks by Governor Mark Carney.
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The plan cuts back on Medicaid, but instead compensating states for these cuts by funneling more money to the hospitals that are going to have to see all the poor uninsured people in those states.
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In commodity markets, U.S. light crude was down 55 cents at $57.56 amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.
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SEOUL, Aug 123 (Reuters) - Oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the U.S.-China trade row could lead to a global slowdown, curbing demand for crude.
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Exxon Mobil fell 2.7 percent, Chevron lost 2500 percent and ConocoPhillips dropped 22018 percent as the U.S. and Russia continue to pump at record levels ahead of planned output cuts by OPEC and its allies.
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Iraq was the fastest source of supply growth in OPEC last year and boosted production by more than 500,000 bpd, despite spending cuts by companies working at the southern fields and conflict with Islamic State.
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Capital expenditure cuts by miners were estimated by Citi analysts at around 9 percent in 2013, 19 percent in 0003, 24 percent in 2015 and another 24 percent in 2016 to $52.3 billion in total.
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Apart from the buoyant dollar and spending cuts by energy companies bruised by the slump in oil prices, the economy has been blindsided by anemic demand overseas and business efforts to trim an inventory overhang.
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NEW YORK (Reuters) - JPMorgan Chase & Co, which previously saw an even chance the U.S. Federal Reserve would slash rates, on Friday said it now predicts two interest rate cuts by the end of the year.
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House Republicans, including Speaker Paul Ryan, say that eliminating Obamacare's taxes would make it easier for tax reform to include big tax cuts by lowering the revenue target that tax legislation would have to hit.
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He also said that a global goal of channeling $100 billion a year in climate finance to developing nations by 2020, from both public and private sources, was still within reach despite cuts by Trump.
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He plans to move fast as prime minister to harness the momentum of an election win: with tax cuts by the start of 2020 and a drive to digitise Greece's public sector on Estonian lines.
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In commodities, oil prices also reflected the concerns about global growth and trade, having risen sharply on Friday on a drop in European inventories and production cuts by the Organization of the Petroleum Exporting Countries.
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Traders are now pricing in two more interest rate cuts by year's end, and are increasing bets the Fed will need to ease policy further next year to offset risks from the escalating trade war.
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Some believe that looming rate cuts — investors are pricing in at least three rate cuts by the end of the year — are justified by these concerns as well as red flags in the bond market.
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It will fund the income tax cuts by curbing capital gains tax discounts, seeking greater taxes from multinationals and banks, and scrapping a favorable tax scheme for property investors called negative gearing, the party said.
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"The idea that it is back up and running normally, combined with the data that show U.S. production is rising, contributes to the overall idea that U.S. production could offset cuts by OPEC," said McGillian.
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Oil prices held near 3-1/2-year peaks supported by production cuts by oil producing countries and wariness about geopolitical risks in the face of Washington's threat to scupper a nuclear deal with Iran.
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The bank, like its rivals, is facing several challenges in growing its revenue in the face of rising geopolitical uncertainties and concerns about the impact of future interest rate cuts by the U.S. Federal Reserve.
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The slowdown was due to a large statistical base in the first half of 2018, Peng said, adding that earnings also eased this year because of fee cuts by state telecom firms and electricity suppliers.
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Expectations of monetary easing have powered those gains, but a fall in markets last week reflected concerns that global growth outlook may not justify forecasts of several rate cuts by the end of this year.
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Production cuts by OPEC have helped crude prices, but recovery for oil contractors is expected to be uneven, with those finding it tougher to cut capacity and costs lagging others with more flexible business models.
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Among the few bright spots were energy companies whose shares rose as crude prices increased more than 2 percent, extending gains ahead of expected output cuts by OPEC and a mandated reduction in Canadian supply.
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Oil prices slid to their lowest since late November as record-large U.S. crude inventories kept sentiment weak and pointed to a global glut despite supply cuts by the Organization of the Petroleum Exporting Companies.
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Euro zone government bond yields slipped back towards record lows on Thursday as economic indicators and corporate earnings deepened gloom on the global economy and increased bets on interest-rate cuts by major central banks.
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Because for the first time since its inception in 2010, experts anticipate that growth in Medicare spending will exceed annual spending targets, thus triggering mandatory spending cuts by the Independent Payment Advisory Board or IPAB.
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The survey findings indicate 135 basis points of interest rate cuts by the Reserve Bank of India this year and recently announced reforms by the government have so far done little to boost business activity.
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Compliance has been estimated at between 234 percent and 22017 percent by the major reporting agencies, as deeper cuts by Saudi Arabia and some of its allies make up for poorer compliance by other members.
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Oil rose, supported by expectations of an extension next week of output cuts by the Organization of the Petroleum Exporting Countries, but prices remained under pressure from signs of higher output in the United States.
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And the outlook remains muted, Citi said in the note, with projects still getting deferred and new orders slow to come by, despite oil prices recovering from recent lows after output cuts by major producers.
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Plans for the White House delegation to join the governments of Mexico and Canada here on Wednesday to detail a North American road map for aggressive emissions cuts by 2050 have been thrown into question.
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Parkland Fuel Co jumped 5.1 percent to C$26.64 after reporting third-quarter results, while Crew Energy Inc fumbled 3.1 percent to C$4.36, following target price cuts by analysts after the company reported results.
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Oil prices have gained nearly 20 percent so far this year, with Brent briefly rising above $80, driven primarily by coordinated supply cuts by the Organization of the Petroleum Exporting Countries and partners including Russia.
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VIENNA (Reuters) - OPEC members Saudi Arabia and Algeria support extending oil output cuts by nine months and welcome maintaining a cooperation framework with non-OPEC producers in 2018, the Algerian energy ministry said on Tuesday.
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Lower U.S. interest rates will help lenders borrow U.S. denominated notes at cheaper rates, and alleviate some of the pressure on margins following two rate cuts by the Reserve Bank of Australia earlier this year.
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They are adding to their portfolios in anticipation that further rate cuts by the Federal Reserve or a resumption of trade talks this fall could send the U.S. market on an upward path once again.
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BoCom and CCB, like their rivals, have faced a rise in borrowers struggling to repay loans amid a slowing economy, while successive benchmark interest rate cuts by the central bank have eroded net interest margins.
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The flurry of new issuance this week comes as borrowers anticipate potential interest rate cuts by the US Federal Reserve, a move that typically tempers investor demand for floating-rate instruments, such as leveraged loans.
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BRATISLAVA, Nov 19 (Reuters) - Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency said on Monday, adding players and consumers should all "have common sense".
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Vice President Mike Pence also spoke at the event, where he said Republicans will pass "tax cuts" by the end of the year and said the White House seeks a 15 percent corporate tax rate.
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The market is currently pricing in a 50 basis point interest rate cut at the Federal Open Market Committee's March meeting and a total of 100 basis points in cuts by the end of 2020.
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Africa's most developed economy slipped into its second recession in two years in 2019 as agriculture, transport and construction activity contracted, with severe power cuts by struggling state utility Eskom a key impediment to growth.
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The comments add to pressure on Powell, who is facing financial market expectations for three rate cuts by year's end as economic data has weakened, though the data still points to continued, though slower, growth.
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Related Stories: Bill Nelson, chief economist at the Bank Policy Institute and a former Fed economist, said the Fed and other major central banks, possibly including China's, could announce coordinated rate cuts by Wednesday morning.
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Between the lines: Speaking to reporters at a press conference following the decision, Fed Chair Jerome Powell re-adjusted the market's expectations of a series of more rate cuts by the end of the year.
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However, Reuters cited a G-7 official with direct knowledge of the deliberations saying that the statement does not include any specific call for new government expenditure or coordinated interest rate cuts by central banks.
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LONDON (Reuters) - Hedge funds are cautious on the outlook for oil prices, despite a slump at the end of last year, as fears about the global economy outweigh output cuts by OPEC and its allies.
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The figures were the latest indication of a slight pickup in Latin America's largest economy and will potentially further delay interest rate cuts by the central bank after four consecutive reductions last year, analysts said.
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CFO Matt Bilunas said Best Buy should be able to achieve those cost cuts by minimizing the amount of items people return to stores, getting sharper at promotions and using more technology to automate tasks.
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Biden wants to roll back some of Trump's tax cuts by raising the marginal tax rate on the highest income earners back to 39.6%, from 37%, and would also raise some taxes on investment profit.
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The U.S. dollar fell across the board on Wednesday after dismal U.S. retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve.
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WASHINGTON, Oct 16 (Reuters) - The International Monetary Fund heightened its warnings for the corporate debt market on Wednesday, as investors search for richer returns in riskier assets after recent interest rate cuts by central banks.
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The big-box retailer's better-than-expected quarterly results and forecast also helped allay fears about the health of the U.S. consumer that were spurred by outlook cuts by a handful of retailers on Tuesday.
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Leading up to the layoffs, leadership had attempted to ease concerns about the cuts by promising to prioritize treating those laid off with "dignity and respect," as Claure said in a separate company-wide email.
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In particular, they are noting that it is expected to increase the deficit and say Republicans will want to pay for the tax cuts by making cuts to entitlement and welfare programs in the future.
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Many big banks are changing their view on the Fed rate outlook — JPMorgan which previously saw an even chance of rate cuts this year, predicted on Friday there would be two cuts by end-2019.
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London (CNN London)OPEC and its allies have reportedly agreed to deepen its production cuts by 2000,22 barrels per day in an attempt to support crude oil prices in the face of booming US output.
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Kennedy took the shrewdest possible approach to supporting tax cuts by arguing not just that they would put more money in Americans' pockets, but that they would lead to full employment and real economic growth.
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The output cuts by OPEC and other producers including Russia helped to reduce stockpiles in the OECD, a group of 35 mostly developed countries, by 500,000 barrels in the first half of 2017, IEA said.
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So on net, if you reacted to the second round of Bush tax cuts by lowering your estimate of what the long-term dividend tax rate would be, you would have been making a mistake.
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More and more "healthcare dollars" spent by Americans are taken as cuts by health insurance companies, who offer increasingly byzantine plans dictating what is and isn't covered, forcing consumers to essentially bet against getting sick.
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ISTANBUL, June 11 (Reuters) - Turkey's Automotive Distributors' Association said on Tuesday it had cut its automotive sales forecast for 2019 as sales continue to contract despite extended tax cuts by the government to encourage purchases.
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A border adjustment tax on imports has been promoted as a way both to attack the U.S. trade deficit and generate revenues that would help avoid paying for tax cuts by expanding the national deficit.
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The Fed funds rate futures are still pricing in more than two 25-basis point rate cuts by the end of this year even after their retreat early on Monday following the U.S.-Mexico deal.
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Following U.S. sanctions on Venezuela and Iran, and production cuts by the Organization of the Petroleum Exporting Countries, U.S. medium-sour grades including Mars are helping fill Asian oil buyers' needs for new sources of supply.
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We're now in an era where it is fairly cheap and easy for companies to raise funds for investment when they want to, and CEOs did not respond to Trump's tax cuts by raising investment levels.
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This would indicate that the cuts by OPEC and non-OPEC producers have largely left their mark, that production will only rise from here, and that the immediate impact of the OPEC deal has been felt.
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Other Gulf markets were trading higher, albeit in a narrow range, supported by a rise in oil prices on Friday, aided by tensions over Iran and an extension to output cuts by OPEC and its allies.
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Bond yields across the bloc fell to multi-year, if not all- time, lows last week after data showing a sharp slowdown in U.S. non-farm payrolls fuelled speculation of rate cuts by the Federal Reserve.
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LONDON (Reuters) - A return to oil production cuts by OPEC and its allies next year cannot be ruled out, two OPEC sources said on Wednesday, to avert a possible supply glut that could weigh on prices.
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Oil prices have been broadly supported by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since the start of the year and helped by political tensions in the Middle East.
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Facing budget cuts by the end of that pivotal year, 1970, NASA canceled the last three planned Apollo flights, leaving Apollo 15, 16, and 17 as the final moon landings concluding two years early, in 1972.
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The resumption of nationwide power cuts by South African state utility Eskom last week rattled the remaining rand bulls, while a slide in the business confidence index on Thursday further encouraged investors to sell the currency.
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Bond yields across the bloc fell to multi-year, if not all time lows, last week after data showing a sharp slow down in non-farm payrolls fuelled speculation of rate cuts by the Federal Reserve.
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Yet the Senate bill, the Better Care Reconciliation Act (BCRA), revealed on June 22nd after a secretive drafting process (see leader), merely delays the start of the Medicaid cuts by an additional two years, to 2021.
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Crude prices fell on the surging dollar though adherence to output cuts by members of the Organization of the Petroleum Exporting Countries and rising global demand kept much of this year's rally in oil in place.
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House Speaker Paul Ryan, in an interview earlier this year, said assessing tax cuts by the effect on specific income groups fits the approach of Bernie Sanders-style socialists more than small-government, market-oriented Republicans.
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Stemming gold's upward momentum, the S&P 500 index hit a record high at the open as benchmark bond yields tumbled on fears of a global recession and expectations of interest rate cuts by central banks.
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VIENNA, July 1 (Reuters) - Iranian Oil Minister Bijan Zanganeh said on Monday he has no problem with output cuts by OPEC, but poured scorn on what he called "unilateralism" among some members of the producer group.
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Central bank data on Friday also painted a gloomy picture of the manufacturing sector, which has been hard hit by the impact of a strong U.S. dollar and deep spending cuts by oil and gas companies.
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A firmer housing sector should put a floor under the economy, which has been battered by the headwinds of a strong dollar, spending cuts by energy firms stung by lower oil prices and sluggish global demand.
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Though markets are expecting as much as three rate cuts by the end of 2019, interest rate differentials between benchmark 10-year debt in the United States and Germany stands at a chunky 235 basis points.
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Clueless, on the other hand, was truly an awesome flick, and although the album relied on previously released cuts by Radiohead, Luscious Jackson, Velocity Girl, Smoking Popes and Supergrass, at least they picked the right ones.
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While a third report from global outplacement consultancy Challenger, Gray & Christmas showed planned job cuts by U.S.-based employers rose to 38,536 last month from 30,157 in May, layoffs remained well below their 12-month average.
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The most striking warning came from Kuroda last week, when he referred to a "reversal rate" - the level where rate cuts by a central bank hurt, not help, the economy by damaging banks and discouraging lending.
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In the wake of recent rate cuts by the Bank of Japan and the Swedish central bank, U.S. Federal Reserve Chair Janet Yellen told lawmakers that she was open to the possibility of introducing negative rates.
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Iran may continue to win Chinese market share in the second half of 2017 as production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and falling Latin American output have tightened heavy crude supplies.
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"There is a clear bias to the upside with the supply restrictions," said Michael McCarthy, chief market strategist at CMC Markets in Sydney, pointing to supply cuts by OPEC and others, along with sanctions on Iran.
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The rise in aluminum shipments suggested winter production cuts by Beijing to battle air pollution had not been as deep as expected, analysts said, depressing local prices and leaving producers with excess supplies to sell offshore.
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Reality Check: Trump on spending cuts By Tami Luhby, CNNMoney Trump has said the country can afford his tax cuts, which will add trillions to the nation's deficit, because he will cut waste, fraud and abuse.
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Consider the following scenario: Saudi Arabia and Russia cut exports by 500,000 barrels per day each, Iraq cuts by 200,000 barrels per day, and Iran increases exports by 250,000 barrels per day—a reasonably plausible deal.
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The disclosure is the latest sign that the White House could part ways with congressional Republicans who want to pay for tax cuts by taxing imports and eliminating a business tax deduction for debt interest payments.
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Bhattacharya hoped recent lending rate cuts by banks including SBI, after they were flush with billions of dollars of deposits following the banknote ban, would help "kickstart" credit growth, which is hovering near two-decade lows.
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"There is a clear bias to the upside with the supply restrictions," said Michael McCarthy, chief market strategist at CMC Markets in Sydney, pointing to supply cuts by OPEC and others along with sanctions on Iran.
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Traders have raised the odds for two more interest rate cuts by year's end, and are increasing bets the Fed will need to ease policy further next year to offset risks from the escalating trade war.
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The world is becoming saturated with barrels of light crude from U.S. shale producers, while cuts by the Organization of the Petroleum Exporting Countries are reducing flows of the heavier grades that OPEC states mostly produce.
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And this is entirely what you would expect when you have a massive deficit like we currently do, and it's certainly what you'd expect when you finance tax cuts by adding even more to the deficit.
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The exporter-heavy index's gains have been fuelled by hopes of interest rate cuts by central banks and the plummeting value of the pound due to concerns around the Conservative leadership election and risks from Brexit.
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Oil prices have been trapped in a tight range in recent weeks as rising U.S. production has erased the effects of output cuts by the Organization of Petroleum Exporting Countries (OPEC) and other countries, including Russia.
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Australian home prices showed early signs of bottoming out in June with values in the two biggest cities inching up for the first time since 2017 as sentiment was boosted by mortgage rate cuts by banks.
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LONDON, Sept 4 (Reuters) - Turkey's sovereign dollar bonds hit the highest level in nearly a month on Wednesday, extending a four-day run of gains, in anticipation of further interest rate cuts by the central bank.
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"The U.S. dollar continued to bleed strength as the spreading coronavirus heightened expectations for shock and awe caliber interest rate cuts by America's central bank," said Joe Manimbo, senior market analyst at Western Union Business Solutions.
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"The U.S. dollar continued to bleed strength as the spreading coronavirus heightened expectations for shock and awe caliber interest rate cuts by Americas central bank," said Joe Manimbo, senior market analyst at Western Union Business Solutions.
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Production cuts by the Organization of the Petroleum Exporting Countries, largely orchestrated by the Saudis last year, have so far failed to lift prices, presenting the Saudis and other big oil producers with few good options.
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Veitmane added that bitcoin, as well as gold, is benefiting from the fact that interest rates are low (or in some cases, negative) following cuts by the Federal Reserve and many other central banks last year.
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Faculty leaders say cynicism has crept into their ranks for years, a result of painful funding cuts by the state, profligate manager salaries, and a sense that their voices are being increasingly sidelined in university governance.
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Progress on the first phase of a trade deal between the United States and China, as well as three quarter-point interest rate cuts by the Federal Reserve, fuelled hopes for a cyclical acceleration in 212.
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Oil futures extended gains in Asia as pessimism about the virus eased somewhat and after OPEC sources said the cartel wants to extend crude output cuts by three months to June, easing concern about excess supplies.
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Progress on the first phase of a trade deal between the United States and China, as well as three quarter-point interest rate cuts by the Federal Reserve, fuelled hopes for a cyclical acceleration in 2020.
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Dance remixes of his lumbering trap cuts by influential E.D.M. producers opened up ears—by 2010, there was a ravenous audience for the club-competent hip-hop that buoys Gucci Mane's Atlanta descendants to this day.
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The Mexican peso hit a fresh two-month high as the dollar fell after U.S. retail sales data painted a gloomy economic picture and supported the case for further interest rate cuts by the Federal Reserve.
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"The market remains nervous about rising U.S. production, which is also reducing the effectiveness of output cuts by the OPEC and some non-OPEC countries," said Abhishek Kumar, Senior energy analyst at Interfax Energy in London.
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Oil prices have been propped up by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies such as Russia and due to U.S. sanctions on OPEC-members Iran and Venezuela.
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Gold, often used as a hedge against political and economic uncertainties, is however on track for its biggest annual gain since 2010, bolstered by interest rate cuts by major central banks and the protracted tariff dispute.
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Among mid-caps, travel-food company SSP Group fell the most on the index as it slipped 9%, after saying it expected challenges in 2020 due to economic uncertainties and expectations of capacity cuts by airlines.
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S&P Global Ratings chief economist Shaun Roache told Reuters on Tuesday that deflation pressure was the biggest domestic risk facing South Korea's economy, adding that he expected two more rate cuts by early next year.
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The index has gained over 27% so far this year, rising in all but two months as investors cheered three interest rate cuts by the Federal Reserve and progress in trade relations between Washington and Beijing.
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Oman's oil minister Mohammed bin Hamad Al-Rumhy told reporters on Saturday that OPEC and non-OPEC producers overachieved on pledged output cuts by 600,000 bpd in August, putting the reduction at around 2.4 million bpd.
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GAZA (Reuters) - Schools teaching half a million Palestinian refugees will reopen across the Middle East as planned later this month, a U.N. agency said on Thursday, despite funding cuts by its biggest donor the United States.
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Masafumi Yamamoto, chief currency strategist at Mizuho Securities, said major currencies barely reacted to Powell's comments as investors had already priced in several rate cuts by the Fed on the back of the shifting global growth outlook.
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However, hard evidence of export reductions has yet to emerge, two weeks into the month in which the cuts by the Organization of Petroleum Exporting Countries (OPEC) and other producers, such as Russia, were supposed to start.
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MINERALNYE VODY/MOSCOW, Russia (Reuters) - Russia said on Friday it needed more time to decide whether to join any additional oil output cuts by OPEC, saying U.S. crude production growth would slow and global demand remained solid.
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"Asia is hunting for medium sour barrels" after supplies were limited following U.S. sanctions on Iran and Venezuela and cuts by the Organization of the Petroleum Exporting Countries, said Matt Smith, director of commodity research at ClipperData.
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Indonesia's economic growth in the final quarter of 2019 was the slowest in three years, hit by a weakening global economy, and despite supportive efforts by policy makers that included four rate cuts by the central bank.
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BRASILIA (Reuters) - Brazil's inflation rate slowed more than expected in mid-January, falling below 6 percent for the first time in nearly three years and reinforcing market bets on steep interest rate cuts by the central bank.
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The country has committed to reducing its emissions 37% by 2025 compared to 2005 levels, and pledged additional pollution cuts by 2030, to help limit future global warming to at least 2 degrees Celsius (3.2 degrees Fahrenheit).
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U.S. sanctions on Iran and Venezuela, two of the largest oil producers in the Organization of the Petroleum Exporting Countries, and production cuts by OPEC and Russia have boosted global oil prices to near four-month highs.
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A side-effect of the cuts by OPEC and its allies has been to narrow the premium of light crudes over heavier grades, as it has largely been heavy barrels that have been taken off the market.
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The optimism that implies about the outlook for economic growth, allied to some solid sentiment surveys on Tuesday and a positive reaction to cost cuts by banking giant Credit Suisse, helped European stock markets into the black.
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Manufacturing, which accounts for 20.1 percent of the U.S. economy, remains constrained by a strong dollar, weak global demand and capital spending cuts by oilfield service firms like Schlumberger and Halliburton following a plunge in oil prices.
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