Alberta’s two-year experiment with OPEC-style crude production curbs is coming to an end after a Covid-driven collapse in demand led the Canadian province’s battered oil-sands industry to idle more output than required. A production cap of 3.81 million barrels...
Sundar Pichai, chief executive of Alphabet, Google’s parent company, is a mild-mannered software engineer who is not good at games of verbal fisticuffs with US politicians. He received a drubbing last month during the “big tech” congressional hearing. Pichai...
Rear view of young casual couple moving along shop window in the mall while leaving it after buying what they wanted The past eight months of the COVID pandemic have brought new hardships and challenges at every turn. In addition to the lives...
American Express Co on Friday warned that business travel spending would not pick up before early 2022 after reporting underwhelming third-quarter profit due to weak spending on travel and entertainment by its card users. In what appears to be...
Oil fell nearly 2% on Friday and headed for a weekly drop as demand concerns raised by surging coronavirus cases in the United States and Europe overshadowed the prospect of an extension to OPEC-led supply curbs. Italy and several...
Venezuela’s state oil company has made a pessimistic estimate for next year’s oil prices, expecting to make just $35 per barrel for the crude it exports, Reuters has reported. This compares with $60 per barrel estimated for this year.
About a third of the S&P 500 companies report earnings, including Apple and Microsoft, but uncertainty around stimulus and the presidential election could loom larger for markets in the week ahead. There is also important economic data on the...
Yi, the governor of the People's Bank of China (PBOC), told a financial forum in Beijing that he expected China's macro leverage ratio to stabilize next year as the economy expands, after the debt gauge rose in 2020. Bank...
The U.S. Dollar hit a seven-week low against a basket of major currencies on Wednesday after U.S. President Donald Trump and House Speaker Nancy Pelosi boosted hopes for a large fiscal stimulus package, prompting some traders to ramp up bets on riskier...
Quibi is shutting down — we know that much for sure. But when? If you’re looking to blast through all 25 episodes of the Reno 911 revival series before Quibi calls its quits, how long do you actually have?
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