LONDON – OPEC+ revised down its forecast for an oil market surplus this year by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters on Sunday. The data – part of a report the Joint Technical Committee (JTC) prepares for OPEC+
Month: February 2022
In this article ETSY Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC Shares of Etsy climbed as much as 16% in extended trading Thursday after the company reported better-than-expected results for the fourth quarter. Shares had already climbed 10% during regular trading, as stocks staged a late-day rally after plunging early in the day
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. In my first article in this series, I explained why Ethereum and Steem haven’t been able to deliver a mainstream social decentralized application (DApp).
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The NZD dollar vs. the JPY finished tie week gaining 1.25%. NZD/JPY Technical Outlook: Neutral-upward biased, confirmed by a bullish RSI. FInishing a busy week on the financial markets, the NZD/JPYended it on the right foot, up 1.25% in the week. Breaking news that Russia would be open to sit down and talk with the
The major European indices are closing sharply higher on the day, but it wasn’t enough to erase declines for the week. For the day: German Dax, 3.66% Francis CAC +3.54% UK’s FTSE 100 +3.91% Spain’s Ibex +3.5% Italy’s FTSE MIB +3.5% For the trading week: German Dax, -3.3% Francis CAC -2.56% UK’s FTSE 100 -0.33%
Oil prices slipped below $100 per barrel on Friday from $105 a day earlier as energy supplies from Russia escaped any direct US sanctions that came in the wake of the Russian invasion of Ukraine. Crude traded between $98 and $102 per barrel in international markets during the day. Russia had launched an invasion of
In this article AAPL BRK.A Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades. In his annual
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Russia vetoed a draft UN Security Council resolution on Friday that would have deplored Moscow’s invasion of Ukraine, while China abstained from the vote – a move western countries view as a win for showing Russia’s international isolation. The United Arab Emirates and India also abstained from the vote on the US-drafted text. The remaining 11
Wheat is trading down the daily limit The price of wheat traded up the daily limit all day yesterday. The price was locked near $9.34. In the new trading day, the contract moved higher reaching $9.60 before it started to rotate back to the downside. The move to the downside has now taken the price
I highlighted a under-appreciated trend last week: Public pressure to do more to punish Russia. It started with Biden’s press conference where he was hit with question after question about harsher sanctions and cutting of Russia from SWIFT. That same pressure has hit politicians everywhere. One-by-one, leaders have been peppered with similar questions and there
A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia’s invasion of Ukraine, OPEC+ sources said, and the group is likely to stick to a planned output rise at a meeting next week despite crude topping $100 a barrel. The Organization of the Petroleum Exporting Countries and allies, known
In this article BRK.A Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway‘s operating profits surged in the fourth quarter and for the full year as the conglomerate’s businesses continued to roar back to life from the pandemic economic slowdown. Chairman Warren Buffett increased his bet on that comeback, buying back
A DAO empowers its community members with voting rights and allows investors to send, receive and store value globally, automatically and anonymously. For years, automated systems have been viewed as a way to reduce annoying hurdles to humans, such as dealing with lengthy and burdensome traditional bureaucratic systems. A DAOs’ purpose is to primarily to
The markets had a roller coaster ride on Russia’s invasion of Ukraine last week. At the time of writing, Kyiv remains in Ukrainian hands after three days of brutal attack by Russia. Wave of European leaders have start delivering supplies Ukraine while packages of sanctions were imposed, up to Russian President Vladmir Putin. It’s also
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