Sunday , 14 June 2026

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OPEC oil output sinks to 11-month low

LONDON / Reuters OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance with a supply-cutting deal to another record. The Organization of the Petroleum Exporting Countries pumped 32.19 million barrels per day last month, the survey found, down 90,000 …

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Steinhoff halves value of property unit in review

Bloomberg Steinhoff International Holdings said a European real-estate portfolio may be worth about half previous estimates, as the embattled global retailer reviews the value of its assets following an accounting scandal. Hemisphere International Properties BV has been valued at about 1.1 billion euros ($1.3 billion) in a review by CBRE Group Inc., Steinhoff said in a statement. That compared with …

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US stocks pare losses as trade dispute with China reassessed

Bloomberg US stocks pared losses, while haven demand eased as investors speculated that the final form of any Chinese tariffs might be less onerous than currently proposed. The S&P 500 Index cut its decline by almost two-thirds as representatives from China and the Trump administration left the door open for a negotiated solution. The proposals wouldn’t take effect for months. …

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