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Oil slumps 7 percent to one-year low as rout extends to 12 days

NEW YORK (Reuters) – Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. U.S. futures closed down 7.1 percent, for a record 12th straight decline and the lowest since November 2017. ...

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Fears of peak iPhone rattle Asian Apple suppliers

TAIPEI/SEOUL (Reuters) – Shares in Asian suppliers and assemblers for Apple Inc (AAPL.O) fell on Tuesday after several component makers warned of weaker than expected results, leading some market watchers to call the peak for iPhones in several key markets. Following a poor forecast earlier this month, analysts and investors ...

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Asia stocks lower amid growth worries; oil rebounds

SHANGHAI (Reuters) – Asian shares drifted lower on Monday as signs of softening demand in China rekindled anxiety about the outlook for world growth, but Saudi Arabia’s plans to cut production helped to halt a slide in oil prices. FILE PHOTO: A panel displays the closing Hang Seng Index outside ...

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