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Shares steady on June hike hiatus hopes

Shares held firm and the dollar edged up on Monday as investors priced in reduced odds of a June rate hike by the Federal Reserve after a mostly encouraging U.S. jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

US, India agree roadmap for defence industry cooperation

NEW DELHI (Reuters) -India and the United States have concluded a roadmap for defence industry cooperation for the next few years, the Indian government said on Monday, a move expected to bolster New Delhi's defence manufacturing ambitions.

Libya political leaders to meet on electoral laws

Libyan leaders were due to meet in Morocco on Monday to finalise a deal on new electoral laws, but any agreement they announce on voting rules or a new interim government is likely to trigger opposition that may further delay the political process.

Oil rises on Saudi plan to deepen output cuts from July

LONDON (Reuters) -Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets.

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