Crude Oil Rises As Saudi Signals Supply Cuts
The price of crude oil jumped in the Asian session after Saudi Arabia announced measures to reduce supply. The Saudi Arabian Minister of Energy – Khalid al-Falih – said that the country will slash oil output by 500K barrels a...
Brexit Monitor: No UK Compromise On Backstop Proposal Just Yet
UK politics remain poisoned, as PM Theresa May tries to find a final compromise in her Cabinet to unlock the negotiations with the EU. The ambition was to have a full draft withdrawal text ready early this week but the...
Sterling Dives as Nov Brexit Deal Becomes Distant, Canadian Dollar Follows Oil Rebound
Sterling opens the week sharply and broadly lower as it’s getting less and less likely to complete a Brexit deal within November. Yen is the second weakest as Asian stocks recover mildly after last week’s selloff. Meanwhile, Euro is following...
Economic impact of Brexit: special focus
Banks in the eurozone will not be able to count any of their English-law bail-inable debt toward their pending requirements if no Brexit deal is reached between the EU and UK – translating into some €126 billion of subordinated bonds....
SAP is acquiring survey software maker Qualtrics for $8 billion
SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO. The all-cash deal has been approved by the boards of both companies and by Qualtrics shareholders, SAP said in a statement on...
Mayflower’s $3 billion money manager says don’t rule out Dow 30,000 next year
Larry Glazer believes a bullish scenario is unfolding on Wall Street, just in time for the holidays. The $3 billion money manager points to impending Washington gridlock as a major factor in his optimism. The polarized result of the midterm...
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