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Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Talk of nuclear power for Australia is election gambit

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AUSTRALIA

Dutton said in March that if the Liberal/Nationals coalition wins next year’s election, he will promote investment in small modular reactors (SMRs) on the site of existing…

Investment-grade rating will benefit Greece’s economy

Location:

GREECE

This is the first investment-grade (IG) rating given to Athens by one of the ‘big three’ rating agencies since 2010. The upgrade reflects Greece’s strong post-pandemic economic…

Bitcoin ETF to boost cryptos as US regulations evolve

Location:

US

This decision, the near tripling of Bitcoin’s price from its low of USD16,586 last November and the conclusion of legal cases against FTX's Sam Bankman-Fried (fraud) and Binance's…

Solutions struggle to cut EU small-firm funding woes

Location:

EU

This financing gap -- between what SMEs require to meet expansion targets and what they can raise from internal or external sources -- has been estimated at 1.1-2.2% of GDP…

New rules may help consolidate Nigeria's banks

Location:

NIGERIA

The new regulations respond in part to the naira’s recent devaluation and depreciation, which have substantially shrunk domestic banking capital in dollar terms. It is the first…

US agency regulation of cryptos will tighten

Location:

US

This has reenergised the fractious US debate on crypto legislation and regulation. Meanwhile, cryptocurrencies are emerging from their most recent ‘winter’, with the price of…

Severity of Israel’s downturn hinges on conflict moves

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ISRAEL

Israel’s war with Hamas is taking a growing toll on the economy mainly due to labour shortages. The economy has recovered quickly from previous short wars, but this conflict…

Central US treasury clearing marks substantial change

Location:

UNITED STATES

One change will be that FICC members -- typically big banks and broker-dealers -- must settle their clients' treasuries trades through the clearing house. This is critical to the…

Threats of instability in Libya abound in 2024

Location:

LIBYA

While a 2020 ceasefire still holds, in the absence of new elections, the political landscape is significantly undermined by institutional rivalry. The country's fragmentation…