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US output will negate most of extended OPEC cuts

Location:

UNITED STATES

The US shale oil industry has mounted a comeback over the past six months. After a deep recession brought on by plunging oil prices starting in mid-2014, the sector is growing…

Central Europe may cut rates despite high inflation

Location:

EASTERN EUROPE

Lower wholesale natural gas prices have improved balance-of-payments and fiscal positions and driven down inflation rates in Central Europe (CE). Financial markets are pricing in…

French government faces a difficult fiscal dilemma

Location:

FRANCE

As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…

Waning monetary policy effectiveness will fire debate

Location:

INTERNATIONAL

This closely followed the decision by the US Federal Reserve (Fed) to cut its main interest rate for the first time in more than a decade, accentuating investor concerns about the…

Saudi-Russian oil market leverage adapts to US actions

Location:

RUSSIA/OPEC

US energy policy has pushed Saudi Arabia and Russia closer together, leading to a level of cooperation inconceivable four years ago. Their leadership and coordination on such key…

Turkey's new central bank governor may loosen policy

Location:

TURKEY

Cetinkaya is an apparent compromise between President Recep Tayyip Erdogan and Prime Minister Ahmet Davutoglu. The MPC cut the overnight lending rate by 50 basis points to 10%…

Weaker demand to test automakers amid industry change

Location:

INTERNATIONAL

Automakers are cutting costs to invest in the electric, connected and autonomous technologies on which they are staking their future. Risks are high: new firms are challenging…

US tech labour market will be selectively tight

Location:

UNITED STATES

This was about 40% of the number in November, when Meta became the first ‘big tech’ firm to trim the over-hiring of the pandemic period and reassure investors that it was cutting…

Russia readies for long economic struggle

Location:

RUSSIA

The currency, which has fallen 14% against the dollar so far this year, fell another 3% in morning European trade, sinking below 70 to the dollar. The rate cut comes after the…

Russian gas cut-off spurs Balkans to diversify

Location:

BALKANS

The product of years of efforts, the terminal will now help Balkan governments deal with the interruption of Russian gas deliveries and accelerate diversification. Bulgaria, cut…