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Shell reaps $2.5 billion from sale of minority stake in Queensland Curtis LNG facilities

By Sonali Paul MELBOURNE (Reuters) - Shell (LON:RDSa) said on Monday it has agreed to sell a 26.25% stake in its Queensland Curtis LNG (QCLNG) facilities to Global Infrastructure Partners Australia for $2.5 billion, helping the oil major meet its annual target for divestments. Shell, advised by Rothschild & Co, put a minority stake in the asset up for sale earlier this...

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UK minister urges Britons, especially hauliers, not to travel to southern ports

LONDON (Reuters) - British transport minister Grant Shapps urged Britons and particularly hauliers on Sunday not to travel to ports in Kent in southern England after France said it would bar those coming from Britain for 48 hours from Sunday night. Earlier on Sunday, several European countries began closing their doors to travellers from Britain after the country tightened restrictions in London...

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PM Johnson to chair emergency response meeting on COVID travel, freight

LONDON (Reuters) - Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel, in particular the flow of freight in and out of Britain, a spokeswoman for his office said on Sunday. Earlier on Sunday, several European countries began closing their doors to travellers from Britain after the country tightened COVID restrictions in London and southern...

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Tesla’s Elon Musk asks about converting “large transactions” to bitcoin

By Suzanne Barlyn (Reuters) - Elon Musk on Sunday asked about the possibility of converting "large transactions" of Tesla Inc's balance sheet into bitcoin, according to a Twitter exchange between Musk and a well-known advocate for the digital currency. Michael Saylor, chief executive officer of MicroStrategy Inc, in a tweet to Musk, suggested that the billionaire Tesla founder and head, make the...

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U.S. lawmakers set to back $15 billion in airline payroll assistance

By David Shepardson and Tracy Rucinski WASHINGTON (Reuters) - The bipartisan legislative deal expected to be unveiled by U.S. lawmakers on Sunday will grant U.S. airlines $15 billion (£11.18 billion) in new payroll assistance that will allow them to return more than 32,000 furloughed workers to their payrolls through March 31, sources briefed on the matter told Reuters. The legislative plan to...

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Stocks give cautious welcome to U.S. aid deal, wary on Brexit

By Wayne Cole SYDNEY (Reuters) - U.S. stock futures traded sideways in Asia on Monday as investors gave a cautious welcome to news a deal had been struck on a long-awaited U.S. stimulus bill, though "difficult" Brexit talks dragged on with no agreement in sight. Sterling slipped 0.6% to $1.3436 after several European countries closed their borders to the UK as the...

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EU’s Barnier says ‘crucial’ moment in UK trade talks

BRUSSELS (Reuters) - The European Union's Brexit negotiator Michel Barnier said on Sunday that talks with Britain over a post-Brexit trade deal were at a "crucial" point and that the negotiations continued. "In this crucial moment for the negotiations, we continue to work hard with (UK negotiator) David Frost and his team," Barnier said on Twitter. "The EU remains committed to...

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New national lockdown in Britain not inevitable, says minister

LONDON (Reuters) - A new national lockdown is not inevitable in Britain to stop the spread of a new variant of coronavirus, health minister Matt Hancock said on Sunday, adding that tighter restrictions in London and southeast England should help curb the disease. Asked on the BBC's Andrew Marr show whether a national lockdown was inevitable, Hancock said: "Not necessarily, one...

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China could restrict bank tie-ups with fintech platforms, official suggests

BEIJING (Reuters) - China's former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to prevent any platform from gaining too much market share, state media reported on Sunday. China’s regulators last month warned the country’s tech giants that they face closer scrutiny. A planned $37 billion stock listing of ...

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BOJ Plans Policy Sustainability Review as Price Falls Deepen

(Bloomberg) -- The Bank of Japan pledged Friday to assess the sustainability of its easing policy without changing its main framework just hours after data showed consumer prices falling at the fastest pace in a decade. At the end of the two-day policy meeting, the BOJ also kept its key interest rates and asset purchases unchanged, and extended its special support programs for...

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