5 October 2022
Chicago 12, Melborne City, USA
World

Oil soars as OPEC+ mulls largest output cut since 2020 | OPEC News

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, also known as OPEC+, significantly halted oil production at the start of the coronavirus pandemic as economies came to a standstill. Oil prices jumped $3 a barrel on Monday as OPEC+ considered reducing output by more than one million barrels per day (bpd) to […]

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Business

5 things to know before the stock market opens Monday, September 26

Raphael Bostic at Jackson Hole, Wyoming David A. Grogan | CNBC Here are the most important news items that investors need to start their trading day: 1. Bad start for stocks Stocks are still in a funk. The three major indices were down Monday, indicating that last week’s troubles would continue. On Friday, the Dow […]

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World

UK mini-budget shakes the stock market, benefits the wealthy | Politics News

The British government has unveiled a new mini-budget in the parliament, intending to cut household taxes and energy bills while driving economic growth. In what represents the most significant tax cut budget since 1972, the new finance minister Kwasi Kwarteng’s sweeping new budget will see cuts to national insurance, stamp duty and the top tax […]

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Business

Market players are starting to fear a major policy error from a central bank

A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The U.S. Federal Reserve last week struck a hawkish tone on combating inflation via monetary policy, but analysts are concerned about […]

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World

Dell ceases all Russian operations after August offices closure | Business and Economy News

Dell is among several Western firms which are curtailing operations in Russia after Moscow sent troops into Ukraine. Dell Technologies Inc said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. The US computer firm, a vital supplier […]

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World

Indian tycoon Adani bids for NDTV in potential hostile takeover | Business and Economy News

One of the nation’s most popular news organisations, NDTV said the bid came without the consent of its founders. Indian billionaire Gautam Adani’s conglomerate has said it seeks to control a majority stake in the popular New Delhi Television (NDTV), a move the TV newsgroup said was executed without its consent. A unit of the […]

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Business

China should be ‘more aggressive’ in response to slow growth: Investor

Policymakers in China have to be “more aggressive” in supporting the economy before markets can be convinced that growth will improve, according to one portfolio manager. Mary Nicola of PineBridge Investments said rising prices and scorching heat in China, which led to power rationing in some parts of the country, will affect economic growth. “We […]

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Business

Risk of ‘financial accident’ presents opportunity for investors

The growing risk of a “major financial accident” that causes a market capitulation later in the year could open up opportunities for investors to “pile up on quality risk assets,” according to Beat Wittman, chairman and partner at Zurich-based Porta Advisors. With risks from inflation and an economic slowdown mounting and central banks treading an […]

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Business

How much does it cost to travel full time? Here’s what one couple pays

Ernestas Tyminas felt “stuck” in his role as a marketing manager at a newspaper in Colorado Springs, Colorado. So he requested two months off to backpack through Asia, he said, landing in Beijing in January 2019. “On the first day … I meet this one,” he said, gesturing to Darina Karpitskaya, sitting by his side. […]

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