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Iran says no Opec member can take over its share

Iran says no Opec member can take over its share

Iran told Opec yesterday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of US sanctions on Iranian oil sales.

Maersk offloads drilling assets in latest move to exit energy industry

Maersk offloads drilling assets in latest move to exit energy industry

A.P. Moller-Maersk has decided to list its drilling unit separately, marking its latest step towards a complete exit from the energy industry.

Big questions on global economy hang over Jackson Hole gathering

Big questions on global economy hang over Jackson Hole gathering

Summer break for central bankers ends this week when their leaders gather Friday and Saturday for the Federal Reserve’s annual policy symposium in Jackson Hole, Wyoming.

Distribution challenges for Middle East banks

Distribution challenges for Middle East banks

It has been reported that some 2,900 bank branches were closed in the UK in the past three years. There is considerable debate going on as to why these branches have been closed; the likelihood is that the “bean counters” in their respective organisations have applied a formula and deemed them to b

Emerging markets turmoil revives a dreaded old Opec ghost on oil plan

Emerging markets turmoil revives a dreaded old Opec ghost on oil plan

Oil alliance has memories of the impact of 1997 Asian crisis; Saudis are likely to adopt a more cautious policy approach

Yield curve crunch shows Fed hiking amid global agitation

Yield curve crunch shows Fed hiking amid global agitation

Global financial markets got uglier while Federal Reserve officials were on their August hiatus, but bond traders are wagering that won’t be enough to deter them from pressing on with monetary-policy tightening in the world’s largest economy.

Then and now: How debt crises and bailouts changed Greece’s economy

Then and now: How debt crises and bailouts changed Greece’s economy

Aid came with rules that transformed public finances, banks; economic slump pushed up unemployment, left Greeks poorer

Walmart asks beauty suppliers to look beyond China for sourcing

Walmart asks beauty suppliers to look beyond China for sourcing

Walmart Inc has asked its cosmetics suppliers to consider sourcing their goods in countries outside of China, one of the first signs that the world’s largest retailer hopes to dilute the impact of the Trump administration’s looming tariffs.

Trade trumps Turkey for emerging Asia as funds ignore tumult

Trade trumps Turkey for emerging Asia as funds ignore tumult

Forget about Turkey. The trade war is still the wildcard for emerging Asian currencies and bonds, according to investors.

Australia dollar’s tumble isn’t enough to satisfy central bank chief Lowe

Australia dollar’s tumble isn’t enough to satisfy central bank chief Lowe

Australian central bank chief Philip Lowe said he’d still like to see the nation’s currency weaken further and sees interest rates remaining at a record low “for a while yet.”

China seen strengthening yuan as trade talks with US loom

China seen strengthening yuan as trade talks with US loom

China appears to be propping up the yuan just as it prepares to restart trade negotiations with the US.

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