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Diesel margins, cash diffs little changed; July sales still ongoing

Asia's diesel markets were still brimming with July spot sales from northeast Asia refiners since late last week, with this availability more than expected, though margins and cash premiums were little changed.July spot activity was still ongoing, with a handful of northeast Asian refiners selling…

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Futures
NEWS reuters

Markets retreat; VLSFO shows signs of easing tightness

Asia spot fuel oil premiums dipped on Monday, with market sources saying that the supply tightness in very low sulphur fuel oil (VLSFO) had eased slightly compared to early last week, even as cracks moved higher from the previous session.The product traded at weaker premiums into the later dates of…

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Futures

FDA set to review Sandoz's generic GLP-1s

The U.S. Food and Drug Administration has agreed to review Swiss generics drugmaker Sandoz's SIX:SDZ two generic tirzepatide GLP-1s that, if approved, would rival obesity drugs made by Eli Lilly NYSE:LLY.With Eli Lilly's tirzepatide patent running out in 2036 in the U.S., makers of alternative drug…

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StocksCH

European Investment Bank commits €3 billion to Airbus

By Sudip Kar-GuptaThe European Investment Bank is committing €3 billion ($3.42 billion) to planemaker Airbus EURONEXT:AIR, which the EIB said was aimed at strengthening Europe's industrial base in the face of global competition from the likes of the United States and China.The EIB and Airbus said i…

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corp_bondStocksFR

Energy set to anchor Europe's Q2 earnings growth

ENERGY SET TO ANCHOR EUROPE'S Q2 EARNINGS GROWTHSecond-quarter earnings growth in Europe is set to be primarily driven by the energy sector (.SXEP), strategists at Deutsche Bank said, but estimates for non-energy growth remain in the mid-single digits.Excluding energy, Deutsche Bank estimates earni…

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index

FX steadies ahead of data cues

Central European currencies stabilised on Monday, as investors digested a brief flare-up in the Middle East conflict and awaited local and core market data due later this week.Iran and the United States agreed to halt recent hostilities in the Gulf and renew talks regarding their dispute over the S…

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Forex
NEWS reuters

Spain sees GDP growth higher at 2.6% this year

Spain expects its economy to grow by 2.6% in 2026, up from a prior forecast of 2.2% annual growth, the Economy Ministry said on Monday.The ministry also said it sees the economy growing by more than 2% each year until 2029.Spain has been an outlier among European economies, outpacing peers that hav…

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Economy
NEWS reuters

UK mortgage approvals fall by most since December 2023, Bank of England data shows

By Suban AbdullaBritish lenders approved the fewest mortgages since December 2023 in May and consumer lending grew less than expected, according to Bank of England data that laid bare the impact of higher borrowing costs caused by the U.S.-Israeli war on Iran.The BoE said on Monday that 56,205 mort…

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Economy