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OPEC, Russia seen gaining from climate activist wins

* National oil firms seen expanding market share * Oil demand still growing strongly in Asia * Large fund manager warns of higher oil prices (Updates with Saudi energy minister) By Dmitry Zhdannikov LONDON, June 1 (Reuters) - Climate activists who scored big wins against Western majors last week had some unlikely cheerleaders in the oil capitals of
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Hot, dry weather outlook sparks rally in U.S. corn, soy, wheat

By Mark Weinraub CHICAGO, June 1 (Reuters) - U.S. corn, soybean and wheat futures rallied on Tuesday, supported by concerns that crops will face stress from adverse weather during the next few weeks. "The grains exploded out of the gates last night and remain double-digits higher ... as forecasts turn hot and dry through mid-month," Arlan Suderman,

Sudan continues foreign currency auctions as pound slips in black market

KHARTOUM, June 1 (Reuters) - Sudan's central bank allocated $43.4 million in its second foreign currency auction, an almost three-fold increase on the previous week, while the difference between the country's official and black market exchange rates continued to widen. A dollar fetched 470 Sudanese pounds on the black market, rising from 445 a week

Dow, S&P 500 rise on optimism about economic recovery

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * U.S. manufacturing sector picks up in May - ISM * Meme stocks extend gains; AMC Entertainment shares jump * Data analytics firm Cloudera soars on plans to go private * Indexes: Dow rises 0.39%, S&P up 0.13%, Nasdaq down 0.11% (Updates pri
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Oman, S.Arabia discuss investment, days after Omanis protest over unemployment

DUBAI, June 1 (Reuters) - Senior Saudi and Omani officials on Tuesday discussed investment opportunities in both countries, state media reported, a few days after Oman was hit by protests over unemployment. The virtual meeting was held by Saudi Investment Minister Khalid al-Falih and Omani Commerce and Industry Minister Qais al-Yousef, Oman's state

U.S. gives Chevron new license to wind down Venezuela activities by Dec. 1

WASHINGTON, June 1 (Reuters) - The U.S. Treasury Department on Tuesday issued a new license to Chevron Corp CVX.N , giving it until Dec. 1 to wind down its joint ventures in Venezuela. The license also applies to Halliburton HAL.N , Schlumberger Limited SLB.N , GE company Baker Hughes GE.N and Weatherford International. The previous license authori
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Rouble eases from strongest since mid-March, stocks hit record

MOSCOW, June 1 (Reuters) - The Russian rouble pared earlier gains Tuesday, heading away from its highest since mid-March against the dollar, while rising oil prices pushed up the MOEX stock index to a record. At 1521 GMT, the rouble was 0.1% weaker against the dollar at 73.49 RUBUTSTN=MCX . Earlier it neared Tuesday's 73.10 high, its strongest sinc
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Goldman, Citi lift Brazil 2021 GDP growth forecasts to over 5%

By Jamie McGeever BRASILIA, June 1 (Reuters) - Goldman Sachs and Citi on Tuesday raised their Brazilian 2021 gross domestic product growth forecasts to more than 5.0%, among the first in what could be a string of upward revisions from major banks after strong first quarter GDP data. Alberto Ramos at Goldman Sachs raised his full-year forecast to 5.
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U.S. manufacturing picks up in May; raw material, labor shortages abound

* ISM manufacturing index increases to 61.2 in May * New orders measure rises, employment gauge declines * Work backlogs increase; inventories low By Lucia Mutikani WASHINGTON, June 1 (Reuters) - U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled up because of shortages

South Africa's rand falls after unemployment data

JOHANNESBURG, June 1 (Reuters) - The South African rand fell on Tuesday after data showed that the country's unemployment rate hit a new record high in the first quarter, signalling continued weakness in an economy whose woes were exacerbated by the COVID-19 pandemic. Sentiment was also affected by the resumption of rotational power cuts by power u
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WHO asks for re-checks of research on when coronavirus first surfaced in Italy

* EXPLAINER-What we know about the origins of COVID-19: By Emilio Parodi MILAN, June 1 (Reuters) - Samples from a study suggesting the coronavirus was circulating outside China by October 2019 have been re-tested at the World Health Organization's (WTO) request, two scientists who led the Italian research said. There is growing international pressu

Dollar softens after manufacturing data shows backlogs rising

* * ISM manufacturing data components weaker than headline number * Euro zone inflation beats expectations * Graphic: World FX rates Link By John McCrank NEW YORK, June 1 (Reuters) - The dollar softened on Tuesday, edging toward five-month lows after data showed that while U.S. manufacturing activity picked up last month, unfinished work piled up d
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Yield curve steepest in a week after manufacturing data

By Kate Duguid NEW YORK, June 1 (Reuters) - The U.S. Treasury yield curve hit its steepest level in a week on Tuesday morning after manufacturing data showed strong demand, even as industry faced labor and raw material shortages. The steeper yield curve on Tuesday reflected expectations that the Federal Reserve would hold interest rates low for now

Turkey risks higher inflation, balance of payments problems -Scope Ratings

LONDON, June 1 (Reuters) - Turkey risks structurally higher inflation and balance of payment problems longer-term unless authorities reverse policy missteps, Scope Ratings said on Tuesday. Policy-related risks remain elevated ahead of Turkey's scheduled presidential election in 2023, the ratings agency said. Structural depreciation of the lira, ave

Fed's Kashkari: inflation to recede if women return to labor force

June 1 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Monday said that he expects inflation to recede as COVID-19 cases decline, schools reopen and special pandemic unemployment benefits expire, allowing more people, especially women, to return to the workforce. "Right now there's a big debate happening in economic circles

Gold tipped off 5-month peak by upbeat U.S. data, rising yields

* U.S. manufacturing sector picks up in May * Focus on U.S. payrolls data on Friday * U.S. Treasury yields rise to a more than 1-week high By Sumita Layek June 1 (Reuters) - Gold slipped below a near five-month price peak hit earlier in Tuesday's session, as robust U.S. manufacturing data and higher Treasury yields dented its appeal. Spot gold XAU=
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Dow, S&P 500 rise on optimism about economic recovery

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * U.S. manufacturing sector picks up in May - ISM * Meme stocks extend gains; AMC Entertainment shares jump * Data analytics firm Cloudera soars on plans to go private * Indexes: Dow up 0.34%, S&P rises 0.10%, Nasdaq off 0.19% (Updates to m
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U.S. equities climb at open as world stocks hit another record

* Investors eye big data week * Wall Street edges closer to all-time high * Dow Jones up 54.7 pts; S&P 500 up 12.4 pts * Nasdaq up 80.3 pts at open * Graphic: Global asset performance Link By Katanga Johnson WASHINGTON, June 1 (Reuters) - U.S. stocks rose on Tuesday as global equities markets again hit a record high and oil rose, showing investors
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Turkey risks higher inflation, balance of payments problems -Scope Ratings

LONDON, June 1 (Reuters) - Turkey risks structurally higher inflation and balance of payment problems longer term unless authorities reverse policy missteps, Scope Ratings said on Tuesday. Policy-related risks remain elevated ahead of Turkey's next elections in 2023, the ratings agency said. Structural depreciation of the lira, averaging 17% annual

Robust GDP data takes Brazil's real to 5-month high

By Susan Mathew June 1 (Reuters) - Brazil's real surged 1% to lead Latin American currencies higher on Tuesday after data showed faster-than-expected economic growth, while a weaker dollar buoyed most other regional peers. The real BRL= BRBY touched a five-month high. GDP expanded by 1.2% in the first quarter for the third quarter of growth, taking
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