Friday 23rd June 2000
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SPRINT SALE: WorldCom is preparing to dispose of Sprint's internet and long-distance telephone operations to meet US and European objections over its $US115 billion purchase of the rival US telecommunications business. The Sprint disposal would raise $US40-45 billion.
OIL BOOST: Opec members meeting in Vienna agreed to lift daily crude oil production by 708,00 barrels to a total output of 25.4 million bbl from July 1 in a bid to cool an overheated market that has seen prices triple in 12 months to over $US30/bbl.
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