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A special OPEC+ panel recommended Wednesday that the oil cartel keep its current output reduction strategy unchanged after heavyweights Saudi Arabia and Russia vowed to maintain their cuts to keep prices elevated.The OPEC+ panel has no decision-making power but discusses ...

U.S. Treasury yields were little changed on Thursday, after pulling back from recent multi-year highs in the previous session, as investors waited for more economic data.The yield on the 10-year Treasury was down more than 1 basis point at 4.719%. ...

The index that tracks activity in the U.S. manufacturing industry showed a contraction for the 11th-consecutive month. However, the pace of contraction was the slowest in almost a year as companies prepare for traditionally higher consumer demand in the fourth ...

The British pound suffered its worst month against the U.S. dollar for a year in September, with analysts painting a gloomy future picture, as growth expectations weaken once again.The Sterling fell 3.75% against the dollar through the month, a decline ...

Bitcoin rose above $28,000 on Monday. The catalyst for the rise was not immediately clear. In other positive news for the crypto industry, several ether futures’ ETFs are set to launch on Monday. Crypto market watchers have been waiting to ...

German inflation experienced a decline this month, reaching its lowest point since the onset of the Ukraine conflict. This provides a slight ray of optimism while Europe's leading economy battles to recover from a downturn.Russia's invasion of Ukraine last year, ...

Shares of China’s Evergrande Group crashed again on Wednesday as fears grew of a potential liquidation of the company.The troubled developer’s stock closed down 19% at 4 US cents, putting its market cap at just $539 million. The collapse took ...

A host of soft commodity prices have climbed in recent months, driven by weather-related damage and rising climate risks around the globe, resulting in tighter supplies. Futures contracts on orange juice, raw sugar, and cocoa each hit their highs for the ...

Renowned cryptocurrency derivatives exchange Bybithas announced that it is suspending services in the U.K. ahead of the introduction of the new rules by the Financial Conduct Authority (FCA), the financial regulatory body in the country.The Dubai-headquartered cryptocurrency exchange said in ...

Most stock markets rose Friday, reversing early losses and a sell-off on Wall Street, as traders consider further interest rate hikes by central banks struggling to tame inflation.With officials from the United States to Switzerland warning that more tightening will ...

The Turkish lira weakened to 27.06 against the dollar, ceding 0.3%, after Turkey’s central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation.The central bank decision ...

British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week's widely-forecast interest rate hike by the Bank of England (BOE) could be its last for now.The Consumer Prices Index dropped slightly to ...

The Organization for Economic Co-operation and Development (OECD) raised its global economic outlook for 2023 on Tuesday but cut the growth forecast for next year as interest-rate hikes aimed at curbing inflation take their toll.The world economy is now expected ...

Hong Kong's central bank has warned investors to be alert of crypto businesses that call themselves "banks," saying such companies are violating the region's banking laws. The financial watchdog said only licensed institutions are permitted to carry out deposit-taking businesses ...

The European Central Bank (ECB) raised interest rates by a quarter of a percentage point to 4% Thursday and hinted it was done with its protracted campaign of rate hikes to tame stubborn inflation.The ECB has hiked its primary interest ...