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The latest news from Emerging Markets on eLesor.

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Oil edges lower as traders focus on U.S. gasoline demand

Oil futures trade lower Thursday, extending the previous session's decline, as investors weigh disappointing data on U.S. gasoline usage and keep an eye on surging COVID-19 infections in India.

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Dubai tapped to host Germany’s canceled Oktoberfest, upsetting some traditionalists

Meanwhile, Queen Elizabeth II has launched two beers made with barley grown on her Sandringham estate.

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Global COVID-19 caseload at pandemic high for second straight week, says WHO

The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 154 million on Wednesday, and the World Health Organization said cases had remained at their highest levels since the start of the...

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U.S. oil prices finish lower as traders reconsider demand prospects

Oil futures end mixed Wednesday, with Brent prices up slightly and U.S. prices shaking off early gains to finish lower. Traders reconsider the outlook for demand, despite U.S. data showing the biggest weekly drop in domest...

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Most Asian markets rise after Wall Street selloff

Investors are watching corporate earnings and looking ahead to Friday's U.S. jobs data.

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While investors focus on inflation concerns, a less talked about ‘tail risk’ has this strategist’s attention

While bullish on stocks, Aegon Asset Management’s chief macro strategist worries about these “simmering” tensions on the global political stage.

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EU regulator starts ‘rolling review’ of China’s Sinovac COVID-19 vaccine

The European Medicines Agency has started a rolling review of China’s Sinovac COVID-19 vaccine to assess its effectiveness and safety, the first step toward possible authorization of the shot in the 27-member bloc.

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Oil up a second day on bets for higher demand as U.S., Europe ease COVID restrictions

Oil prices post a gain for a second session on Tuesday, as investors focus on the lifting of COVID-related restrictions in the U.S. and Europe.

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India’s COVID-19 case tally tops 20 million after nearly doubling in three months

The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 153.5 million on Tuesday, and India's case tally rose above 20 million, after nearly doubling in three months.

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Agriculture is ‘only in the early innings’ of a bullish upcycle, says Putnam Investment

China is buying up U.S. corn and soybeans again, but that's not the only reason why Putnam Investments is the most bullish it's been on agriculture since early last decade.

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Asian markets mixed after earnings boost Wall Street

Asian shares were mixed Tuesday after strong corporate earnings and economic data lifted stocks on Wall Street.

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The world risks ‘running out of copper’ — and here’s how high prices may rise as the economy reopens, BofA warns

Copper inventories are falling low just as the global economic reopening gets under way, according to BofA. “If scrap supply doesn't come through, stocks would deplete by 2024,” the bank’s commodity strategists warn.

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Oil ends higher on signs of a brighter global demand outlook

Oil futures finish higher Monday, buoyed by signs of a brighter global demand outlook, even as India, the world's third-largest oil consumer, continues to suffer from record COVID-19 cases.

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New Delhi court threatens to punish Indian government officials if they fail to deliver oxygen to hospitals overwhelmed by COVID cases

The global tally of confirmed cases of the coronavirus-borne illness moved closer to 153 million on Monday as India remained the global hot spot, with a court in New Delhi saying it would start punishing government officia...

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Asian markets pull back in light trading

Shares were mostly lower in Asia in thin trading Monday, with many markets including those in Tokyo and Shanghai closed for holidays.

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Baidu launches driverless taxi service in Beijing

Chinese tech giant Baidu rolled out its paid driverless taxi service on Sunday, making it the first company to commercialize autonomous driving operations in China.

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Wary of buying international stocks? At least you no longer need to worry about hedging

New research shows that currency hedging is largely unnecessary.

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At 10th anniversary of Navy SEAL raid that killed bin Laden, U.S. formally embarks on Afghanistan withdrawal

Starting Saturday, the last remaining American troops will begin leaving, to be fully out by Sept. 11, the 20th anniversary of the 9/11 terrorist attacks in the U.S.

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Oil ends lower on renewed global growth fears, but tallies a monthly gain

Oil futures finish lower on Friday, with weakness tied to some worries over the global economic outlook, but prices tallied weekly, as well as monthly gains.

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Here’s why the global reflation trade can survive China’s credit slowdown

Could a tightening of China's lending spigots put an end to the global reflation trade this year?

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India sets another COVID case record, and Brazil’s health minister makes plea for vaccines

The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 150 million on Friday, and India set yet another one-day case record, as the Indian army opened its hospitals in the latest effort...