OPEC+ reached consensus to cut oil production by 2 million bpd
OPEC+ members agreed to make 1 million barrels a day of additional oil-supply cuts to go alongside Saudi Arabia’s extension of a voluntary reduction of the same size, Bloomberg and…
JPMorgan’s S&P 500 outlook for 2024 is grimmest among peers
While a number of Wall Street strategists are calling for record highs for US stocks next year, JPMorgan Chase & Co. stands apart by issuing the gloomiest forecast among its…
China limits graphite exports, impacting 90% of world’s production
China, the world’s top graphite producer and exporter, will impose temporary restrictions on the export of some types of natural and man-made forms of graphite from December 1, aiming to…
Cost of living squeeze: visualized
US prices in 2020 have shown the kind of growth that previously took 10 years: groceries and electricity have risen by a quarter, used cars by a third, and rent…
Russia no longer wants to trade oil for rupees – Reuters
Several sources in the Russian oil export industry told Reuters that there is an unofficial instruction from the Bank of Russia not to settle oil payments with India in rupees.…
Global bank ranking removes Unicredit and moves up UBS, China banks
ZURICH, Nov 27 (Reuters) – The Financial Stability Board (FSB) on Monday removed Italy’s UniCredit (CRDI.MI) from the list of global systemically important banks and moved three banks, including Switzerland’s…
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