Saudi Arabia defends OPEC+ production cut after Biden vows there will be ‘consequences’
admin Saudi Arabia’s ministry of foreign affairs put out a rare statement on Thursday defending the…
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Taiwan Semi reports stronger-than-forecast profit
Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit…
Read MoreOpinion: The Fed needs to jack up interest rates a lot more to bring inflation back under control
The Federal Reserve must do more to fight inflation in an economy radically changed by…
Read MoreChip stocks could suffer worst year ever as effects of shortage-turned-glut spread
Chip stocks sold off again Tuesday with havens within the battered semiconductor industry disappearing as…
Read MoreOil prices on track for big weekly gains after OPEC+ production cuts
Oil futures extended gains early Friday, on track for a sharp weekly bounce, after OPEC+…
Read MoreGerman industry contracted in August, energy intensive branches particularly hurt
Germany’s industrial production fell in August as demand for goods moderated and factories grappled with…
Read MoreChina’s forex reserves declined again in September
China’s foreign-exchange reserves fell for a second straight month in September amid U.S. dollar strength.…
Read MoreOil up a 4th session, with Brent prices at their highest in a month after OPEC+ agrees to an output cut
Oil futures on Thursday tallied a fourth straight session climb, with global benchmark crude settling…
Read MoreBiden ‘disappointed’ by OPEC+ production cut, White House says
President Joe Biden “is disappointed by the shortsighted decision by OPEC+ to cut production quotas…
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Opinion: If Europe and the U.S. want to win the war in Ukraine, they must enlist their economies in the fight
NEW YORK (Project Syndicate)—Politically, the G-7 and like-minded countries around the world have adopted a…
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