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OPEC deal raises WTI price forecast: Goldman

  Bloomberg Goldman Sachs Group Inc. raised its oil-price forecast for early next year, while Russia, Iran and Iraq separately signaled optimism that producer nations will be able to reach a deal to limit output at OPEC’s next meeting on Nov. 30. Goldman is now “tactically bullish” on the likelihood of an OPEC agreement and expects oil prices in New ...

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Three Spanish banks fined over ‘empty halls’

  Barcelona / AFP Barcelona’s leftwing city council charged three Spanish banks over a million euros in fines for keeping four apartments empty for more than two years. The city issued a fine of 315,000 euros ($335,000) for each of the empty apartments, which the banks have had on their books for over two years, and which they have refused ...

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VW bets on new technology to bounce back from crisis

FRANKFURT / AP Volkswagen’s namesake brand hopes to bounce back from its diesel emissions scandal with a broad restructuring that will mean more battery-powered cars, digital services such as ride-sharing, and more SUVs for the U.S. market. Herbert Diess, the head of the Volkswagen division, unveiled the company’s Transform 2025 plan at a news conference, saying that “in the coming ...

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