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Japan’s core consumer inflation benchmark hit a fresh four-decade high last month as companies continued to pass on rising costs to households, government data showed on Friday. The nationwide consumer price index (CPI), which excludes volatile fresh food but includes energy costs, jumped 3.7% in November from a year ago, in line with market forecasts…

An Arctic storm has reportedly affected the operations of multiple refineries from North Dakota to Texas A severe winter storm shut a US Gulf Coast refinery in Texas on Tuesday, caused a glitch at some other petroleum plants, and halved North Dakota oil production, Reuters reported on Wednesday.