Economy
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OPEC Rushes Emergency Meeting as Virus Threatens Oil Markets
The Organization of the Petroleum Exporting Countries, together with its ally Russia, has rescheduled its next gathering to…
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Saudi maintains stable oil supply amid growing tensions
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said they are taking significant measures to sustain oil market…
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Bushfire Smoke Drains Australia Economy $500M
Australia, January 8, 2020 — cybernewschronicle.com — The smoke that has choked Australia’s east coast for weeks is…
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Prices of crude oil soar after Iran’s missile attacks on US forces
The prices of crude oil increased to $65.65 equivalent to 4.5% per barrel in Asian trade while global…
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Bank of England Launches Climate Change Stress Tests on Finances
The Bank of England is moving beyond traditional financial safeguards and asking Britain’s largest banks and insurers to…
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European Raiffeisen Bank International and Danske Bank investigated for money laundering
On August 22, 2019, Austria’s Raiffeisen Bank International and Denmark’s Danske Bank faced new money laundering investigations after…
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Venezuela’s Oil Collapse Was Made at Home, Not by Markets, Study Finds
CARACAS, July 12 — The figure that matters: 200%. That is the inflation rate the International Monetary Fund…
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Bitcoin’s 21 Million Coin Cap: What Happens to Miners as Rewards Keep Halving
WASHINGTON, October 3 — The bottom line: Bitcoin’s fixed supply of 21 million coins remains intact and unchallenged…
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Citigroup: $400 million fraud at Banamex involving fake
On March 4, 2014, Citigroup Inc., one of the largest banking institutions in the United States, is facing…
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JPMorgan Chase: $2.6 billion in penalties for failing to
On this day, January 8, 2014, JPMorgan Chase has been ordered to pay $2.6 billion in penalties for…
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Barclays: £290 million in initial LIBOR fines that
On this day, July 4, 2012, Barclays, a major global bank, has been fined £290 million for its…
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