EghtesadOnline: European Central Bank policymaker Robert Holzmann hopes to see the end of negative interest rates by the time his six-year term ends, he told an Austrian tabloid, praising new ECB Chief Christine Lagarde for fostering collegiality among his peers.
EghtesadOnline: OPEC and its allies (OPEC+ including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, South Sudan and Sudan) led by Russia agreed to cut output by an additional 500,000 barrels per day until March 2020 as the 177th OPEC meeting held in Vienna, Austria, closed on Friday.
EghtesadOnline: France and the European Union are ready to retaliate if US President Donald Trump acts on a threat to impose duties of up to 100% on $2.4 billion in imports of French products, the French government said on Tuesday.
EghtesadOnline: Iran’s former secretary general of the Gas Exporting Countries Forum stressed the need to halt unilateral sanctions against some GECF members.
EghtesadOnline: A year after the arrest of then-chairman Carlos Ghosn, Nissan Motor continues searching for a new course while navigating a power struggle with alliance partner Renault—and investors have shown their displeasure with the pace of recovery.
EghtesadOnline: The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy meeting next month.
EghtesadOnline: The European Commission could propose new rules on bank capital in the European Union by June, to introduce a reform that was agreed globally nearly two years ago, the EU finance commissioner said on Tuesday.
EghtesadOnline: Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
EghtesadOnline: German Chancellor Angela Merkel said on Saturday there was a need for a fresh attempt to restart talks on finalizing a free trade agreement between India and the European Union.
EghtesadOnline: Departing European Central Bank President Mario Draghi will leave a conflicting legacy after chairing his final governing council meeting on Thursday, credited with saving the euro but dividing the institution with his easy-money policy.