OPEC+ Agrees to Cut Output from October in Bid to Boost Oil Prices

By Scott Kanowsky Investing.com — OPEC+ has agreed to slash oil output quotas by about 100,000 barrels per day from October, as the producer group looks to bolster prices that have been falling due to worries over a possible global economic slowdown. The decision from the Organization of the Petroleum Exporting Countries, as well as … Read more

Federal Bank Hits New 52-Week High on Denying Merger Reports: Details

By Malvika Gurung Investing.com — Shares of the private sector lender Federal Bank (NS:) surged over 8% and hit a fresh 52-week high of Rs 129.75 apiece on Monday. At the time of writing, the banking scrip traded 3.6% higher at Rs 123.85 apiece. The private lender’s stock jumped after the bank denied in a media … Read more

Highlights: Nirmala Sitharaman’s Address on Privatisation, Reforms & More

By Malvika Gurung Investing.com — In her address at the Ashwamedh-Elara India Dialogue 2022, the Union Finance Minister Nirmala Sitharaman invited different industries to engage with the Government on various aspects of reforms, pressing that the next 25 years shall be very critical for India. Regarding the privatisation of state-owned enterprises, the Finance Minister has clarified … Read more

Europe Energy, OPEC+ Meeting, Truss Triumph – What’s Moving Markets

By Geoffrey Smith  Investing.com — Moscow’s gas shut-off heightens the energy emergency in Europe, driving the euro to a new 20-year low. OPEC meets with Russia to discuss output strategy for October. The U.K. is set to get a new Prime Minister. Volkswagen is set to approve an IPO for Porsche, unlocking value to fund … Read more

Hiring at crypto exchange Coinbase up 33% despite recent layoffs

New Delhi, Sep 5 (IANS) Despite laying off 1100 employees, leading cryptocurrency exchange Coinbase (NASDAQ:), its full-time employee count stood at 4,977 at the end of the June quarter (Q2) — a 33 per cent rise from the 3,730 workers it had at the end of Q4 2021, a report showed on Monday. According to … Read more

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.06%

Investing.com – U.K. equities were higher at the close on Monday, as gains in the , and sectors propelled shares higher. At the close in London, the gained 0.06%. The biggest gainers of the session on the were Glencore PLC (LON:), which rose 4.03% or 18.25 points to trade at 471.50 at the close. BAE … Read more

Mistry’s funeral on Tuesday, family’s moving tribute omits Tata stint

Mumbai, Sep 5 (IANS) The funeral of industrialist Cyrus Pallonji Mistry, a scion of the Shapoorji Pallonji Group, shall be held here on Tuesday morning, his family said in a moving tribute, though they omitted any reference to the tycoon’s brief tenure in Tata Group. “It is with utmost sadness that we announce the sudden … Read more