Wednesday , 24 December 2025

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Libya’s oil output passes million-barrel milestone

Bloomberg Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African nation after its civil war all but shut down the energy industry at the start of the year. The Opec member, which owns Africa’s largest crude reserves, has been ramping up production since a truce took hold last month between rival …

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Goldman Sachs moving up to $60bn of assets to Germany

Bloomberg Goldman Sachs Group Inc. is shifting as much as $60 billion of assets from the UK to Frankfurt, the latest sign that banks are beefing up their European Union (EU) operations ahead of Brexit. The Wall Street bank plans to move between $40 billion to $60 billion to its German subsidiary by the end of the year, according to …

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Malaysia holds key rate at record low

Bloomberg Malaysia’s central bank held its benchmark interest rate at a record low, while warning of downside risks from the pandemic that threaten economy’s recovery. Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest predicted a 25-basis point cut. …

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