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Oil prices edged higher on Thursday as investors focused on the possibility of deeper supply cuts from the world's biggest producers.
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Saudi Arabia and Kuwait authorized the restart of oil production at the Wafra field from Sunday, more than four years after they halted output at the shared deposit.
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Tesla Inc made an about-turn on Thursday by announcing plans to raise $2bn in a stock offering as the electric car maker taps into an astronomical jump in its share price in the past few months.
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Alibaba Group Holding Ltd. warned that the coronavirus responsible for killing more than 1,300 people in China is exerting a fundamental impact on the country's consumers and merchants, and will hurt its revenue growth in the current quarter.
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SoftBank profits have been almost entirely wiped out, as the company continues to feel the pain from big losses in its massive tech fund.
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The Chinese government has made saving jobs a major priority as the coronavirus outbreak disrupts businesses and sends shockwaves across the world's second biggest economy. Now some of the most prominent companies in China are taking in displaced workers to help cushion the blow.
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