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Imperial Oil To Invest $539 Mln In Renewable Diesel Plant In Canada

By Nia Williams and Sourasis Bose Jan 26 (Reuters) - Imperial Oil IMO.TO on Thursday said it will invest C$720 million ($538.64 million) to construct Canada's largest renewable diesel facility at its Strathcona refinery near Edmonton, Alberta. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for the…

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World Bank Warns Global Economy Could Easily Tip Into Recession In 2023

WASHINGTON, Jan 10 (Reuters) - The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues, and the world's major economic engines sputter. The development lender said it now expected global GDP growth of 1.7% in 2023 -- the slowest pace outside the 2009 and 2020 recessions in…

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Coinbase to pay $50 mln to settle NY state investigation, invest $50 mln in compliance

WASHINGTON, Jan 4 (Reuters) - U.S.-based cryptocurrency exchange Coinbase Inc COIN.O has reached a $100 million settlement with New York's Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday. The settlement, which includes a $50 million penalty, caps the regulator's investigation into the firm's compliance with requirements to prevent money laundering. The department…

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US STOCKS- Wall St Ends firmer, Growth Stocks Lead In Thin Trading

Dec 29 (Reuters) - Wall Street's main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve's interest rate hikes might be starting to dent labor market strength in its bid to fight inflation. All 11 S&P 500 sector indexes rose, with communication service .SPLRCL and technology .SPLRCT as the biggest…

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Wall Street Ends Up With Help From Nike, FedEx And Consumer Sentiment

Dec 21 (Reuters) - Wall Street's three main stock indexes closed higher on Wednesday for their biggest daily gains so far in December with help from upbeat Nike NKE.N and FedEx FDX.N quarterly earnings, as well as improving consumer confidence and easing inflation expectations from investors. Nike Inc shares soared 12% after beating profit expectations for its second quarter on strong holiday demand from North American shoppers, while FedEx finished up 3.4% and shares in cruise operator Carnival Corp CCL.N jumped 4.7% after posting a smaller-than-expected quarterly loss.…

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