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Oil drops with dollar on recession fears; Wall Street ends mixed

* Oil hits pre-Ukraine lows as demand outlook worsens * Bank of England expects recession throughout 2023 * Treasury yield curve inversion deepens * Dollar drops; sterling slides against euro By Kevin Buckland OTTAWA, Aug 4 (Reuters) - Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England's warning of a drawn-out downturn and ahead of key a hotly anticipated U.S.
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Italy asks bidders to recast proposals for Ita Airways

ROME, Aug 4 (Reuters) - Italy has asked bidders willing to take over Ita Airways to come up with improved proposals, the economy minister said on Thursday, because the government does not deem the current bids to be sufficient. Neither of the two rival bids currently fully met the government's goals for the privatisation of the company, Economy Minister Daniele Franco told a news conference.
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Oil drops with dollar on recession fears; Wall Street wobbles

* Bank of England expects recession throughout 2023 * Treasury yield curve inversion deepens * Dollar drops; sterling slides against euro * Oil hits pre-Ukraine lows as demand outlook worsens By Kevin Buckland OTTAWA, Aug 4 (Reuters) - Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England's warning of a drawn-out downturn, which sent sterling tumbling versus the euro.
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Italy asked bidders to provide better proposals for Ita Airways

(Fixes time reference in final paragraph) ROME, Aug 4 (Reuters) - Italy has asked bidders willing to take over Ita Airways to formulate better proposals, the economy minister said on Thursday, because the government does not deem the current bids to be sufficient. Economy Minister Daniele Franco told a news conference neither of the two rival bids currently fully met the government's goals for the privatisation of the company.
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Wall Street slides with bond yields as recession worries flare

* Bank of England expects recession throughout 2023 * Treasury yield curve inversion deepens * Dollar follows U.S. yields lower; sterling slides * Oil resumes decline as demand outlook worsens By Kevin Buckland OTTAWA, Aug 4 (Reuters) - Wall Street stocks slipped on Thursday while Treasury yields eased with oil as recession worries intensified among investors following the Bank of England's warning of a drawn-out downturn, which nudged sterling to a one-week low.
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