Finance

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Wall Street hits record high as cool inflation data boosts rate cut bets

Wall Street indexes scaled record highs on Friday, driven by cooler-than-expected inflation data that buoyed bets for faster rate cuts by the Federal Reserve, while upbeat earnings from Intel kept investor optimism alive around AI

BP reports power restored after outage at 440 000-bpd US refinery

BP said on Friday power had been restored at its 440 000 barrel-per-day oil refinery in Whiting, Indiana, after an external power outage prompted a temporary evacuation at the plant

Angola bids for majority stake in De Beers

Angola has bid for a majority stake in Anglo American’s unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana, which also wants to take control of De Beers.