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News

Wall Street Journal - Sept 28

Sept 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees' use of messaging applications that broke record-keeping rules, regulators said Tuesday.
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UK Stocks-Factors to watch on Sept 28

Sept 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower with futures FFIc1 down 0.99% on Wednesday. * SHELL: Shell SHEL.L and Exxon Mobil XOM.N have launched a simultaneous sale process of a large package of offshore natural gas assets in the southern UK and Dutch North Sea. * BARCLAYS: U.S. regulators fined 16 financial firms, including Barclays BARC.L , Bank of America BAC.N , Citigroup C.N and Credit Suisse CSGN.S a combined $1.8 billion after staff discussed deals and trades
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UK Stocks-Factors to watch on Sept 27

Sept 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher with futures FFIc1 up 0.41% on Tuesday. * SHELL: Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 mln tonnes per year in the next one to two years, the head of aviation at Shell SHEL.L said. * BOE: BOE said it would not hesitate to change interest rates and was monitoring markets "very closely", after the pound plunged to a record low and British bond prices collapsed in response to th
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Oil rises 2% from multi-month lows on U.S. Gulf output cuts, supply outlook

* BP begins to redeploy workers to offshore platforms * Iraq says OPEC monitoring prices, seeks market balance * API shows U.S. crude, distillate stocks rise - sources By Laila Kearney NEW YORK, Sept 27 (Reuters) - Oil prices rose over 2% on Tuesday from nine-month lows a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and an easing in the U.S.
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Gas crisis lands LNG cargo market in hands of energy giants

By Marwa Rashad and Chen Aizhu LONDON/SINGAPORE, Sept 27 (Reuters) - Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for poorer states reliant on it to generate power and driving up costs for big Asia economies.
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