Friday , 19 December 2025

Recent Posts

Oil nears 4-month high on Opec commitment to cuts

Bloomberg Oil gained for a second straight week as Opec assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend. Futures advanced 4.4 percent in New York and settled just pennies off a four-month high. Opec self discipline and a surprise reduction in US crude inventories signalled tightening supplies, but concern that …

Read More »

Boeing 737 Max disasters clue came from space

Bloomberg The first concrete evidence of a possible link between two deadly Boeing 737 Max crashes came from space. A new satellite network capable of tracking planes in high fidelity across the globe captured the flight path of the Boeing Co. 737 Max that crashed March 10. The data was critical in persuading the US to join the rest of …

Read More »

Mechanics to buy Rabobank’s US retail unit for $2.1 billion

Bloomberg Mechanics Bank agreed to buy much of Dutch lender Rabobank Group’s US operations for about $2.1 billion, bringing together two California lenders and extending the combined company’s reach throughout much of the state. Mechanics, based in Walnut Creek, California, is gaining Rabobank’s US retail, business-banking, commercial real estate, mortgage and wealth- management businesses, the companies said in a statement. …

Read More »