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Transcripts For BBCNEWS Asia Business Report 20240706

you how the markets fed overnight. as you can see on the screens, the dowjones and s&p 500 closed higher thanks to the energy sector index which surged after the announcement. inflation concerns have been tempered by expectations the us central bank could end its monetary tightening campaign. still, an oil output cut will mean higher prices. my colleague has more. many analysts colleague has more. many analysts believe colleague has more. many analysts believe that - colleague has more. many analysts believe that they | colleague has more. many - analysts believe that they want to keep the price above $80 a barrel, even hovering around $90 a barrel. a higher price of oil has wide ranging implications. it will make producing goods more expensive for companies and if prices stay high for a while it will have an impact on the price of gasoline, and as many countries around the world are fighting high inflation, this move but opec could make this more difficult and the ....

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Transcripts for BBCNEWS Asia Business Report 20240604 01:32:00

Has been pushing opec for more production, even making a trip to saudi arabia. washing did not take the news of the cut well, with the head of the security council calling it inadvisable. presidentjoe biden has been pushing for low gas prices to ease the cost of living burden on american pocketbooks. living burden on american pocketbooks. samir hussein reporting pocketbooks. samir hussein reporting for pocketbooks. samir hussein reporting for us. pocketbooks. samir hussein reporting for us. i pocketbooks. samir hussein reporting for us. i want - pocketbooks. samir hussein reporting for us. i want to i reporting for us. i want to turn your attention to australia because later today the central bank will make its latest decision on the cost of borrowing. the reserve bank of australia has hiked rates ten times in a row to stem sky high inflation in the country. earlier, i spoke with a man who told me what he expected from the rba today. the rba today. well, we think the rba today ....

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