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Saudi push for oil output hike faces dissent: Opec reality check

Saudi push for oil output hike faces dissent: Opec reality check

The Organisation of Petroleum Exporting Countries and its allies meet in Vienna this week to decide whether to relax oil-output caps, potentially setting up one of the most contentious meetings in recent history.

Opec ‘aiming for modest output hike’ amid dissent

Opec ‘aiming for modest output hike’ amid dissent

Opec is discussing a relatively modest production increase before its meeting in Vienna this week, an attempt to bridge the gap between Russia’s push for a big rise and Iran’s insistence that no change is needed.

Head of VW’s Audi arrested in Germany over diesel scandal

Head of VW’s Audi arrested in Germany over diesel scandal

Volkswagen was holding crisis talks yesterday to find a stand-in boss for its Audi brand, a source familiar with the discussions said, after German authorities arrested Audi CEO Rupert Stadler as part of a probe into emissions test cheating.

ICICI Bank names Bakhshi interim head as CEO Kochhar goes on leave

ICICI Bank names Bakhshi interim head as CEO Kochhar goes on leave

Bakhshi, CEO of ICICI Prudential Life, named bank COO from today; Kochhar to go on leave during probe over nepotism allegations; ICICI conducting independent probe after whistleblower complaint

Europe markets falter as trade war fears deepen

Europe markets falter as trade war fears deepen

World stock markets faltered yesterday as traders eyed looming trade wars and worried about EU rifts over migration.

China tariffs on US oil will hit $1bn monthly business

China tariffs on US oil will hit $1bn monthly business

China’s threat to impose duties on US oil imports will hit a business that has soared in the last two years, and which is now worth almost $1bn per month.

Japan exports accelerate in May

Japan exports accelerate in May

Japan’s exports rose in May at the fastest rate in four months thanks to increased shipments of cars, car parts, and semiconductor equipment, a sign that global demand is gaining strength.

Britain’s FCA to probe impact of EU asset management rules

Britain’s FCA to probe impact of EU asset management rules

Britain’s regulator will launch an investigation into the impact of new European Union rules on the asset management industry after concerns were raised about how they affect the pricing of investment research and other issues.

Brokerages are said to seek tax easing for offshore India trades

Brokerages are said to seek tax easing for offshore India trades

Brokerages representing offshore investors are asking for more concessions to trade in India’s nascent international financial hub in Gujarat, according to people with knowledge of the matter.

Asia bourses tumble on trade war fears

Asia bourses tumble on trade war fears

Fresh fears of a trade war between the world’s top two economies sent most Asian markets tumbling yesterday after the United States and China imposed tit-for-tat tariffs on billions of dollars of imports.

Buyers are striking back against excesses in Europe junk bonds

Buyers are striking back against excesses in Europe junk bonds

Jeff Mueller has little time for many of the junk bonds investment banks are pitching to him these days. The Eaton Vance portfolio manager is so unimpressed by what he sees, he now turns away most of the new issues he’s offered.

Bitcoin could break the Internet, says central bank overseer

Bitcoin could break the Internet, says central bank overseer

The Bank for International Settlements (BIS) just told the cryptocurrency world it’s not ready for prime time...

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