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Finance & Markets

Talanx Q3 Net Income Rises; Insurance Revenue Up 7%

(RTTNews) - Talanx Group (TLX.DE) reported that its third quarter net income increased to 696 million euros from 591 million euros, prior year. Operating result or EBIT increased to 1.46 billion euros from 1.23 billion euros, last year. Insurance revenue was 12.73 billion euros,

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Asian Oil Buyers Turn to Africa and Brazil as Tanker Rates Plunge

Asian energy commodity buyers are increasingly turning to African and Brazilian grades, attracted by lower prices as rates for shipping oil out of the Persian Gulf remain near historic highs.

  • Asian oil buyers favor African and Brazilian crude due to plummeting tanker rates.
  • Sinopec and SK Energy purchased Djeno crude from Congo at $22 discount to Brent.
  • Vessel availability improved by 15% since early September, contributing to rate decline.

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