Markets The world’s biggest oil producers have agreed to cap output for the first time since the financial crisis. After hours of talks in Algiers, OPEC members committed to lowering production to between 32.5M-33M barrels a day, marking a drop … Continue reading
Markets Prospects are dim for a deal among OPEC countries to cut output or freeze production, but who knows what could happen during the final day of the International Energy Forum. Despite the usual disagreements between Iran and Saudi Arabia, … Continue reading
Markets Saudi Arabia and Iran have dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said differences between the kingdom and Tehran remained too wide. Ministers have also … Continue reading
Markets Stocks are getting jittery ahead of a week that could shake up the financial markets. The presidential debate and OPEC could spur some volatility, while a rush of consumer, manufacturing and other data may reveal whether the U.S. economy … Continue reading
Markets The Fed-fuelled rally that catapulted equities out of the summer doldrums this week is showing some signs of fatigue. Despite the downward movement, there is plenty of Fedspeak on the calendar to keep investors busy for the rest of … Continue reading
Markets U.S. futures are heading higher after the Federal Reserve left rates unchanged and lowered its forecasts. The Fed’s decision shouldn’t be interpreted as a lack of confidence in the economy, Janet Yellen said during her quarterly news conference, but … Continue reading
Markets Japan’s central bank held rates steady at -0.1% following its latest meeting, but announced it would modify its policy framework, marking the latest attempt to boost prices and goose economic growth. Among the changes, the BOJ said it would … Continue reading
Markets U.S. futures are heading higher as traders focus on the upcoming policy announcements from the Federal Reserve and Bank of Japan. While the Fed is widely anticipated to leave interest rates unchanged, expectations for the BOJ are more mixed, … Continue reading
Markets Excessive credit growth in China is signaling an increasing risk of a banking crisis in the next three years, according to the Bank of International Settlements’ quarterly review. The central bank of central bankers also called the recent equity … Continue reading
Markets The new iPhone 7 and 7 Plus go on sale at Apple (NASDAQ:AAPL) stores and carrier retail locations in more than 25 countries today, with prices starting at $649. But this year, the company will not disclose opening weekend … Continue reading