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Saudi Aramco Q2 profits drop 38% on lower prices: statement
Saudi Aramco Q2 profits drop 38% on lower prices: statement
by  AFP

Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices surged after Russia invaded Ukraine. Aramco reported record profits totalling $161.1 billion last year, allowing the kingdom to notch up its first annual budget surplus in nearly a decade.

Asian markets fluctuate after mixed US jobs report
Asian markets fluctuate after mixed US jobs report
by  AFP

Asian equities swung Monday following a mixed US jobs report that left investors weighing the chances of another Federal Reserve interest rate hike. The cheer was offset by a still-strong read on wage growth, which backed up the hawkish outlook for more tightening, with Bloomberg reporting traders see a 40-percent chance of another hike this year.

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