Two biggest buyers of oil from Asia are considering the possibility of buying more oil volumes from the US, Bloomberg informs. This step is some kind of opposition to OPEC's dominance in the world's largest oil market.
Latvia is going to put additional attempts to get rid of risky money, Bloomberg reports.
US Federal Reserve System raised interest rates on Wednesday, Reuters reports. Although this step was widely expected, it howeve, shows that US central bank eliminates measures it used to fight with 2007-2009 financial crisis and further economic downturn.
Interest rate was raised by quarter of percentage point to 1,75%-2,0%.
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Insiders of IT-giants led by Mark Zuckerburg (Facebook Inc.) are selling their shares with the fastest pace in six years, Bloomberg reports.
OPEC members, Iran and Venezuela, may lose almost 30% of their output next year due to US sanctions and economic difficulties, Bloomberg reports with reference to International Energy Agency (IEA). This will require additional deliveries from other members of the organization.
European shares are rising together with US futures as investors are waiting for decision of US Federal Reserve System in regards to interest rate hike. Dollar gained together with US Treasuries yield, which is 2,96% today.
Morgan Stanley leaders announced that the bank is going to move from 400 to 500 jobs from United Kingdom prior to Brexit, Bloomberg reports.
As a result, this step will influence about 10% out of 5000 workers of the bank in Britain.
Producer of electric cars Tesla Inc cuts few thousand jobs to reduce costs and improve profitability, Reuters informs. This step will not influence Model 3 production plans that are of top priority for the company.
Bitcoin dropped to the lowest level since February, as Bloomberg reports.
Volkswagen's Czech brand Skoda announced that it might outsource part of its production, since unit is trying to deal with growing demand, Reuters informs.
There is a downturn observed on Australia’s east coast real estate market, Bloomberg reports.
