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Magnitude 6.0 earthquake strikes near Melbourne, tremors rattle southeast Australia

SYDNEY/MELBOURNE (Reuters) -A magnitude 6.0 earthquake struck near Melbourne on Wednesday, Geoscience Australia said, one of the country s biggest quakes on record, causing damage to buildings in the country s second largest city and sending tremors throughout neighbouring states. The quake s epicentre was near the rural town of Mansfield in the state of Victoria, about 200 km (124 miles) northeast of Melbourne, and was at a depth of 10 km (six miles). An aftershock was rated 4.0. Images and video footage circulating on social media showed rubble blocking one of Melbourne s main streets, while people in northern parts of the city said on social media they had lost power and others said they were evacuated from buildings. The quake was felt as far away as the city of Adelaide, 800 km (500 miles) to the west in the state of South Australia, and Sydney, 900 km (600 miles) to the north in New South Wales state, although there were no reports of damage outside Melbourne and no reports of in ....

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Beijing delays vote on extending anti-sanctions law to Hong Kong -SCMP

HONG KONG (Reuters) - China s top legislature has postponed a vote on extending an anti-sanctions law to Hong Kong, the South China Morning Post said on Friday, as global banks and other financial institutions fret over the impact it could have on their operations. Beijing was expected to formally approve the law for the Chinese-ruled city on Friday to counter actions by foreign governments amid escalating geopolitical tensions. The central government hopes to listen to further views on the matter, the newspaper cited a mainland source as saying. Financial firms have been closely watching a meeting this week of the National People s Congress Standing Committee, the highest body of China s parliament, for signs on how and when the legislation will be introduced in Hong Kong. Beijing introduced the law in mainland China in June under which individuals or entities involved in making or implementing discriminatory measures against Chinese citizens or entities could be put on a mainland ant ....

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Oil drops as Chinese lockdowns, U.S. unemployment data drains rally


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NEW YORK (Reuters) - Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer.
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Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel. U.S. West Texas Intermediate crude settled down $1.21, or 2.3%, at $52.36 a barrel.
Both benchmarks, which hit their highest in nearly a year earlier in the week, posted their first weekly declines in three weeks, with Brent down 1.6% on the week and U.S. crude down about 0.4%. ....

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