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Italy to seek jobs, oil supplies commitments on Vitol-Saras deal, sources say

Italy's government will seek commitments from Vitol on jobs, investments and continuity of supplies when vetting the global commodity trader's plan to take over oil refiner Saras , two sources familiar with the matter said on Monday.

HEDGE FLOW New hedge funds struggle while established players raise fees to record highs, Goldman says

Investments to new hedge funds in 2023 fell to new lows, while established hedge funds hiked fees to the highest on record, said a client report by Goldman Sachs dated Friday and seen by Reuters on Monday.

Diamondback in $26 billion deal to buy Endeavor Energy in growing Permian push

Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin.

Martin Marietta boosts building material supplies in $2.05 bln deal for Blue Water units

Building material supplier Martin Marietta said on Monday it would acquire 20 active aggregates operations of Blue Water Industries for $2.05 billion in cash.

France halts subsidised EV lease programme after strong demand

The French government said on Monday it was halting for the rest of this year a programme to subsidise low earners leasing an electric car, after demand far exceeded initial plans.

Aramco shareholders to decide on selling more shares in 2024 - CEO

Shareholders will decide if Saudi state-oil giant Aramco will sell more shares in 2024, CEO Amin Nasser said on Monday.

Futures subdued as caution looms ahead of data-packed week

U.S. stock index futures were subdued on Monday following a strong close to the previous week, with focus on a slew of economic data points which could clear out some uncertainty on the outlook for interest rate cuts.

US regulator closes probe into some 2010 model Ford Fusions

The National Highway Traffic Safety Administration (NHTSA) said on Monday it was closing an engineering analysis to investigate failure claims for the power steering assist feature on some 2010 Ford Fusion sedans.

Robot invasion hit a bump in 2023 as North American economy cooled

North American companies ordered about a third fewer robots last year as worries about a slowing economy and higher interest rates made it harder to justify buying the advanced machines, the first hiccup in five years in what has been a steady progression of the robot invasion of the region's workforce.

Real estate pain for US regional banks is piling up, say investors

New York Community Bancorp's exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting more pain for those with office and multifamily property loans.

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