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How to guide global investors

If you are adding to your long-term holdings of stocks and other risk assets at current market valuations, you are likely to be betting — knowingly or not — on a combination of three drivers of future returns; or you are planning to sell your holdings to someone who is or will be making that bet. Understanding the importance of ...

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OPEC’s output curbs put pressure on RIL oil refinery

Being sophisticated in the age of output curbs by the Organization of Petroleum Exporting Countries (OPEC) can prove a disadvantage, as the operator of the world’s biggest oil refining complex is discovering. Reliance Industries Ltd’s (RIL) 1.24 million barrel-a-day facility in Gujarat features highly advanced units designed to process the globe’s heaviest types of crude, which have historically been cheaper ...

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Tariffs on solar panels would kill jobs in the US

The US solar industry is threatened by one of President Donald Trump’s more destructive impulses: his eagerness to punish supposedly unfair trade practices. By next month, the US International Trade Commission, having unanimously ruled that American solar-panel makers are harmed by competition from Asian and other rivals, will recommend what tariffs or other import penalties the president should impose. The ...

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