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Big shale turns OPEC ally from foe with focus on oil returns

Bloomberg Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. Executives from three of the biggest independent US drillers say they won’t increase activity just because prices rise after the Organization of Petroleum Exporting Countries and its allies agreed to extend output curbs. The emphasis, instead, will be on maintaining spending discipline ...

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Kill the tax bill

What the Republicans are offering on taxes is a bad bargain for America’s future. They would borrow — roughly $1.5 trillion over a decade — to finance tax cuts that are pleasing for the present. Future Americans would pay the bill. There are at least three reasons why the Senate should reject its version of this self-serving deal. First, it’s ...

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India’s tech giant Infosys future comes in a choice of three flavours

Infosys Ltd’s incoming CEO Salil Satish Parekh faces three choices: He can create a more valuable company, return cash to shareholders, or kick the can to a new set of owners. Unlike his predecessor, who got into a messy skirmish with the company’s still-powerful co-founders, Parekh will have some latitude to choose his strategy. For one thing, he has the ...

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