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Oil prices are plunging, however Saudi Arabia is unlikely to consider Iran's request for a cut in oil production when OPEC meets Thursday, analyst Stephen Schork told CNBC on Monday. He sees the bottom for oil at $75 to $80 a barrel...
The authorities of the world's biggest crude oil producer are considering joining OPEC production cuts next year to boost oil prices, however, there isn’t consensus yet to proceed with the measure, as Bloomberg reports...
On Friday China's central bank cut its benchmark interest rates for the first time in more than two years in order to reduce borrowing costs and support an economy on track for its slowest annual growth in 24 years. This move made Brent crude oil rise to near $81...
China Railway Construction (CRCC), a state-owned company, signed the official construction contract with the Nigerian government on Wednesday in Abuja, the Xinhua news agency reported...
Paris prosecutors have started examining several senior BNP Paribas SA officials with a preliminary insider-trading probe related to the lender’s record settlement in the U.S...
Although analysts had expected UK inflation to hold steady in October, the U.K. Office for National Statistics in its today's report said the rate of consumer price inflation rose to a seasonally adjusted 1.3% last month from 1.2% in September...
The nation’s fourth-biggest lender by market value - Bank of China Ltd. - sold 32 billion yuan ($5.2 billion) of preferred securities to yield 6 percent, as Bloomberg reports...
Slow global economic growth was of one of the biggest concerns to all at the G20 leaders summit held in Brisbane, Australia...
On Tuesday, the Australian dollar gained against the US dollar after the minutes of the Nov. 4 board meeting were released suggesting continued concern over the strength of the currency...
Yesterday Fiat officially announced its plans to complete the merger with its US subsidiary on October 12, before the debut at NYSE expected on October 13...