Oil extended losses on Friday with West Texas Intermediate (WTI) plummeting 5% ahead of OPEC+ meeting in Vienna. According to reports, the cartel and other major producers are expected to agree to prolong current output cuts. However, Russia’s Energy Minister Alexander Novak stressed that his country would prefer the decision on the potential extension of …
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Borris said there was ‘no money’ to deradicalise them, ex-top prosecutor says Damaging claim comes as solicitor for London Bridge attacker says he asked for help to turn away from terrorism – but was not given any A former top prosecutor says he personally warned Boris Johnson about the risk posed by freeing terrorists who …
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Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge – this time by major corporations – threatens to unleash fresh turmoil. A decade of historically low interest rates has allowed companies to sell record amounts of bonds to investors, sending total …
Continue reading “Corporate debt nears a record $10 trillion, and borrowing binge poses new risks”
NEW YORK, Nov 29– U.S. crude oil production in September rose to a new record of 12.46 million barrels per day (bpd) from 12.397 million bpd in August, the U.S. government said in a monthly report on Friday. The United States has become the world’s largest oil producer as technological advances have increased production from …
Continue reading “U.S. crude output rises 66,000 bpd to record 12.5 mln bpd in Sept- EIA”
LONDON (Bloomberg) – For the last year, Saudi Arabia has largely turned a blind eye to cheaters within the OPEC+ alliance, cutting its own output more than agreed to offset over-production from the likes of Iraq and even Russia. Now, Riyadh’s had enough. Prince Abdulaziz bin Salman, who took over from Khalid Al-Falih in September, …
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Russian oil companies prefer to keep their production restriction quotas until March, when the current OPEC+ cuts expire, and discuss an extension then, signaling that Russian producers don’t want deeper cuts or any major changes to the pact at next week’s meeting. “We all proposed that we stay in the deal with the same …
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Iran considers the European Instrument in Support of Trade Exchanges (INSTEX), a tool set up to help trade with Tehran under the US sanctions, to be weak, Iranian Deputy Foreign Minister Seyed Abbas Araghchi stated earlier in November, adding that the system has not been fully implemented so far. Finland, Belgium, Denmark, Netherlands, Norway, Sweden …
© Twitter / realDonaldTrump An image of US President Donald Trump’s head neatly photoshopped onto the body of iconic film boxer Rocky Balboa, tweeted wordlessly from the president’s account, has set social media afire with questions. What does it mean? The photo was clearly a professional job, with Trump’s skin tone blended into the …
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(Reuters) – Morgan Stanley has fired or placed on leave at least four traders over alleged mismarking of securities that concealed losses of between $100 million and $140 million, Bloomberg reported on Thursday citing people familiar with the matter. The company is investigating the suspected mismarking that was linked to emerging-market currencies and the traders …
Thomas Bowers, who worked above Trump’s personal banker, was 55 A former Deutsche Bank executive who reportedly signed off on some of the institution’s unorthodox loans to Donald Trump killed himself in his Malibu home on November 19. Thomas Bowers, the onetime head of Deutsche Bank’s American wealth-management division, where he oversaw Trump’s private banker, …
Continue reading “Former Deutsche Bank Exec Connected to Trump Loans Dies by Suicide in Malibu”