Recent Posts

UK banks struggle in toughest stress tests

  Bloomberg The Bank of England added a new, higher bar to its third round of public stress tests. Some of the UK’s biggest banks will scrape through; others may not clear it. The seven major British lenders tested will probably beat the lowest measures of strength required to pass the annual BOE health check when it is released Wednesday, ...

Read More »

OPEC seeks oil deal as Saudi opens door for no output cut

  Bloomberg OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output. The Organization of Petroleum Exporting Countries will meet on Wednesday in Vienna to try finalize the terms of its first production decrease ...

Read More »

Investors have $490 billion riding on big OPEC decision

  Bloomberg After two tough years of falling oil prices and company valuations, investors in the world’s biggest energy producers have some cause for hope as crude prices continue their recovery from a 12-year low. They will be looking to OPEC not to dash it. Oil companies around the world have together added $490 billion to their market value this ...

Read More »
Send this to a friend