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BENGALURU, June 25 (Reuters) - Indian shares were largely unchanged on Friday, as a fall in Reliance Industries was offset by gains in financial stocks, although the indexes were on track to rise about 0.6% each for the week. By 0455 GMT, the blue-chip NSE Nifty 50 index was flat at 15,790.65 while the benchmark S&P BSE Sensex was down 0.05% at 52,672.32. Nomura said in a research note on Thursday the country’s vaccination rate “skyrocketed” this week, averaging six million doses per day. The Nifty Bank index added 0.60% and was on track for its second straight session of gains. Private-sector lender ICICI Bank and top lender by assets State Bank of India were among the biggest boosts to the Nifty 50.
Persons: Nomura, , Amit Shah, Mukesh Ambani, Yasir Al, Rumayyan, Ashok Leyland, Anuron Kumar Mitra Organizations: Reliance Industries, BSE, BNP Paribas, Investors, Saudi Aramco, ICICI Bank, State Bank of Locations: BENGALURU, India, Asia, Mumbai, State Bank of India, Bengaluru
Indian shares rise on financials, post weekly gains
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
BENGALURU (Reuters) - Indian shares closed higher on Friday, booking their fifth weekly gain in six weeks as falling COVID-19 cases and surge in vaccinations boosted confidence in an economic recovery. FILE PHOTO: A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File Photo/File PhotoDriven by gains in heavyweight financials, the blue-chip NSE Nifty 50 index ended 0.44% higher at 15,860.35 and the benchmark S&P BSE Sensex rose 0.43% to 52,925.04. [MKTS/GLOB]In Mumbai trading, the Nifty Bank index rose 1.54%, with private-sector lenders ICICI Bank and Axis Bank being the top two boosts to the Nifty 50. Ambani added that Aramco Chairman Yasir Al-Rumayyan would join the Indian firm’s board as an independent director.
Persons: Francis Mascarenhas, Joe Biden, Tata Steel, Mukesh Ambani, Ambani, Yasir Al, Rumayyan, Ashok Leyland Organizations: National Stock Exchange, REUTERS, BSE, ICICI Bank, Axis Bank, Tata, Reliance Industries, Saudi Aramco, Indian Locations: BENGALURU, Mumbai, India
If Trump were indicted and fled, he would go where there's no extradition treaty, legal experts say. The US would be in "uncharted territories" if it sought extradition of Trump, experts say. But the US and Russia have no extradition treaty or formal process through which a wanted person is arrested. Russian officials could agree to entertain Trump's application, which would trigger an international standoff between two countries with an already fraught relationship. If US authorities arrested Trump and won a criminal conviction against him, the former president's political career wouldn't necessarily stop there.
Persons: Trump, Donald Trump, Cyrus Vance Jr, Vance, Vladimir Putin, It's, Biden, Shanlon Wu, Elizabeth Shackelford, Joe Biden, They've, Donald Trump's, he'd, I'm, Kim Jung Un, Susan Walsh, hasn't, Read, Edward Snowden, Phillip Faraone, Kim Jong Un, Kim, Wu, They'd, Julian Assange, Assange, Karen Alter, Alter, Tom Brenner, Fani Willis, Brad Raffensperger, Laurie Levenson Organizations: Service, Manhattan, Trump, State Department, Capitol, White, North, Trump hasn't, US, United Arab Emirates, WIRED25, Russian Embassy, US State Department, Justice Department's, International Affairs, Foreign Relations, US Marshals Service, WikiLeaks, Ecuadorian Embassy, Northwestern University, Investigators, Georgia, Democratic, Loyola University Locations: Russia, Moscow, Washington ,, North Korea, China, Belarus, Saudi Arabia —, Indonesia, Jersey, India, Ireland, Russian, Scottish, United States, Ecuador, Australian, London, Washington , DC, New York City , New York, Fulton County , Georgia, New York, Georgia, Fulton County, Washington
Julian Assange's partner Stella Moris reacts after a court denied bail to WikiLeaks founder Julian Assange, outside the Westminster Magistrates Court in London, Britain January 6, 2021. REUTERS/Henry NichollsLONDON, June 25 (Reuters) - President Joe Biden must let Julian Assange go free if he wants the United States to become a beacon for a free press once again and put the legacy of Donald Trump behind it, the fiancée of the WikiLeaks founder told Reuters. "If Biden really wants to break with the Trump legacy, then he has to drop the case," Moris told Reuters in an interview. The U.S. Justice Department said in February it planned to continue to seek the extradition for Assange to face hacking conspiracy charges. "A superpower that has a free press is very different in nature from one that does not."
Persons: Julian Assange's, Stella Moris, Julian Assange, Henry Nicholls LONDON, Joe Biden, Donald Trump, Assange, fiancée Stella Moris, Biden, Trump, Moris, Julian, Barack Obama, Weeks, Vanessa Baraitser, Julian wouldn't, he's, Philippa Fletcher Organizations: Court, REUTERS, Reuters, Washington, WikiLeaks, U.S . Justice Department, Apache, U.S, Thomson Locations: Westminster, London, Britain, United States, U.S, Afghanistan, Iraq, Baghdad, Sweden, British, Australian, China, Saudi Arabia, Belmarsh
Saudi bourse's 2020 net profit surged ahead of listing
  + stars: | 2021-06-24 | by ( Reuters Staff | ) www.reuters.com + 0.98   time to read: +1 min
DUBAI, June 24 (Reuters) - Saudi Tadawul Group, the owner and operator of the country’s stock market, said its net profit rose 227% in 2020 from a year earlier, while revenue more than doubled with a boost from trading commissions. It posted a profit after zakat or Islamic tax of 500.5 million riyals ($133.46 million), it said in a statement. Unlisted Tadawul gave a peak of its earnings ahead of a planned initial public offering later this year that will allow it to expand and strengthen its position globally. Saudi Arabia’s stock exchange has converted itself into a holding company ahead of the listing. Tadawul is the ninth largest exchange in the world in terms of market capitalization which stood at around $2.6 trillion, partly boosted by the listing oil giant Saudi Aramco in 2019.
Persons: Hadeel Al Sayegh, Jane Merriman, Elaine Hardcastle Organizations: Saudi Tadawul Group, Saudi Aramco Locations: DUBAI, Saudi
Reliance Industries expects Saudi Aramco deal to formalise this year
  + stars: | 2021-06-24 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: 1 min
Slideshow ( 2 images )BENGALURU (Reuters) - Reliance Industries Ltd said on Thursday it hopes to formalise its partnership with Saudi Aramco this year and its Chairman Yasir Al-Rumayyan will join the Indian conglomerate’s board as an independent director. “Al-Rumayyan joining our board is also the beginning of internationalisation of Reliance,” Chairman Mukesh Ambani told shareholders on Thursday. Reliance had announced a sale of a 20% stake in its oil-to-chemicals business for $15 billion in 2019 to Aramco, the world’s top oil exporting firm. However, the deal stalled after oil prices and demand crashed last year due to the pandemic.
Persons: Yasir Al, Rumayyan, , Mukesh Ambani Organizations: Reliance Industries, Saudi Aramco, Indian, Reliance Locations: BENGALURU, Aramco
Reliance's plan mirrors strategies of global oil majors such as Royal Dutch Shell Plc (RDSa.L) and BP Plc (BP.L) that have set a goal to become net zero carbon by 2050 amid pressure from investors and climate activists. The oil-to-telecoms conglomerate will invest 600 billion rupees to build four 'giga factories' at Jamnagar for production of solar cells and module, energy storage batteries, fuel cells and green hydrogen, Ambani said. It will also invest 150 billion rupees in value chain and other partnerships relating to its new renewable energy business, he said, adding a transformation of legacy business into sustainable and net zero carbon business will provide growing returns over several decades. Reliance's entry into the renewable energy business in India will put it in competition with companies such as Adani Green Energy Ltd (ADNA.NS) and Goldman Sachs-backed ReNew Power. The company plans to use green hydrogen and carbon dioxide as raw materials to produce green chemicals, green fertilizers and e-fuels, he said.
Persons: Mukesh Ambani, Ambani, Goldman Sachs, Separately Ambani, Yasir Al, Sudarshan Organizations: Reliance Industries, Royal Dutch Shell Plc, BP Plc, Reliance, Green Energy Ltd, Power, Saudi Aramco, Thomson Locations: CHENNAI, Jamnagar, India, China
Reliance's plan mirrors strategies of global oil majors such as Royal Dutch Shell Plc (RDSa.L) and BP Plc (BP.L) that have set a goal to become net zero carbon by 2050 amid pressure from investors and climate activists. "With this capex plan spread over three years Reliance will reap benefit from its green energy push over the next many more years. The oil-to-telecoms conglomerate will invest 600 billion rupees to build four 'giga factories' at Jamnagar to produce solar cells and modules, energy storage batteries, fuel cells and green hydrogen, Ambani said. Reliance's entry into the renewable energy business in India will put it in competition with companies such as Adani Green Energy Ltd (ADNA.NS) and Goldman Sachs-backed ReNew Power. The company plans to use green hydrogen and carbon dioxide as raw materials to produce green chemicals, green fertilizers and e-fuels, he said.
Persons: Mukesh Ambani, Mayuresh Joshi, William O'Neil, Joshi, Ambani, Goldman Sachs, Yasir Al, Sudarshan Organizations: Reliance Industries, Royal Dutch Shell Plc, BP Plc, United Nations Sustainable, Initiative, Reliance, Green Energy Ltd, Power, Saudi Aramco, Thomson Locations: CHENNAI, Jamnagar, India, China
Saudi Aramco chairman to join Reliance Industries board
  + stars: | 2021-06-24 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
BENGALURU, June 24 (Reuters) - Reliance Industries Ltd said on Thursday Saudi Aramco Chairman Yasir Al-Rumayyan will join the Indian conglomerate’s board. Reliance had announced a sale of a 20% stake in its oil-to-chemicals business for $15 billion in 2019 to Aramco, the world’s top oil exporting firm. However, the deal had stalled after oil prices and demand crashed last year due to the pandemic. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Shounak Dasgupta)
Persons: Yasir Al, Rumayyan, Nallur, Shounak Dasgupta Organizations: Reliance Industries, Saudi, Indian, Reliance Locations: BENGALURU, Aramco, Bengaluru
Indian shares end higher as IT gains outweigh losses in Reliance
  + stars: | 2021-06-24 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares closed higher on Thursday, as gains in heavyweight information technology stocks outweighed losses in Reliance Industries, which ended down as its annual general meeting was underway. The blue chip NSE Nifty 50 index closed up 0.66% at 15,790.45 and the benchmark S&P BSE Sensex gained 0.75% to end at 52,699. On Thursday, technology stocks were back in focus, with the Nifty IT index closing 2.79% higher after three sessions of losses in the past four. Software services firms Infosys and Tata Consultancy Services were the top boosts to the Nifty 50, adding more than 3.4% each. Conglomerate Reliance closed 2.4% lower, and was the top drag to the Nifty 50.
Persons: Siddiqui, Mukesh Ambani, Yasir Al, Rumayyan, Shyam Metalics, Sona Comstar Organizations: REUTERS, Reliance Industries, BSE Sensex, Software, Infosys, Tata Consultancy Services, Saudi Aramco, Apollo Hospitals Enterprise, Energy Locations: Mumbai, Siddiqui BENGALURU, China, Calcutta
Indonesia jails cleric for four years over spread of false COVID-19 information
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A demonstrator holds a picture of Rizieq Shihab, an Indonesian Islamic cleric who is sentenced for breaching coronavirus disease (COVID-19) curbs after his return last year from self-imposed exile, during a protest supporting him, in Jakarta, Indonesia, June 24, 2021. REUTERS/Willy KurniawanJAKARTA, June 24 (Reuters) - An Indonesian court jailed hardline Islamic cleric Rizieq Shihab on Thursday for four years for spreading false information in a video saying he was healthy despite having tested positive for COVID-19. In a streamed broadcast, Judge Khadwanto said Rizieq was guilty of "announcing false information and purposefully causing confusion for the public." Indonesia passed the 2 million mark in coronavirus cases on Monday, as authorities announced a tightening of restrictions to contain the spread in the world's fourth most populous country. Shortly after being sentenced, Rizieq told the court he rejected its ruling and would contest it.
Persons: Rizieq Shihab, Willy Kurniawan, Rizieq, Judge Khadwanto, Rizieq's, Jakarta's, Joko Widodo, Stanley Widianto, Ed Davies, Michael Perry Organizations: REUTERS, YouTube, Thomson Locations: Indonesian, Jakarta, Indonesia, Willy Kurniawan JAKARTA, Islamic, COVID, Saudi Arabia
Fighting between separatist brigades kills two in Yemen's Aden -sources
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
ADEN, June 24 (Reuters) - Clashes between brigades of the main southern separatist movement in Yemen killed two fighters and wounded 15 people, including civilians, in the port city of Aden, security sources said on Thursday. Aden is the interim seat of Yemen's Saudi-backed government and has seen rising tensions between the government and the Southern Transitional Council (STC) over control of the city and wider south. The fighting, which raged for two hours, erupted when one of the brigades manning a checkpoint attempted to disarm another convoy, the sources said. The two sides have yet to redeploy troops out of Aden and other regions in the south which the pact had stipulated. read moreThe coalition intervened in Yemen in March 2015 after the Houthis ousted the government from the capital Sanaa.
Persons: Sheikh Othman, Aidarous, Reyam Mukhashaf, Aziz El Yaakoubi, Angus MacSwan Organizations: Southern Transitional Council, Reuters, AK, STC, United Arab, United Nations, Thomson Locations: ADEN, Yemen, Aden, Yemen's Saudi, Sheikh, Saudi Arabia, Iran, United Arab Emirates, United
A new hydrogen fuel cell truck made by Hyundai is pictured at the Verkehrshaus Luzern (Swiss Museum of Transport) in Luzern, Switzerland October 7, 2020. So-called green hydrogen, made by using renewable energy to power electrolysers to convert water, is being backed by many governments for vehicles and energy plants but it is currently too expensive for widespread use. This month the Biden administration set a goal of reducing the cost of producing clean hydrogen 80% to $1 per kilogram in a decade. I think we're going to see big projects producing big quantities of hydrogen in 2025 and beyond," Oreja said. Industries where electrification is not easily possible including long haul transportation - such as marine and aviation industries - are likely to be early adopters of hydrogen, panelists said.
Persons: Denis Balibouse, Marcelino Oreja, Biden, Oreja, Daryl Wilson, Wilson, ACWA, Seifi Ghasemi, Ghasemi, Devika Krishna Kumar, Timothy Gardner, Marguerita Choy Organizations: Hyundai, Luzern, Swiss Museum of Transport, REUTERS, Reuters, Energy, Enagas SA, Hydrogen Council's, Industries, Air Products, Chemicals Inc, Washington DC, Thomson Locations: Luzern, Switzerland, Saudi Arabia, Oman, New York
Dubai, United Arab Emirates – Dubai-based digital bank Zand will attempt to attract customers with competitive deposit rates and a digital-first product lineup when it launches later this year, challenging traditional bank rivals as Covid-19 drives a wave of digital adoption in the Gulf. Zand plans to be the first fully independent digital bank in the UAE, with a remit to service both retail and corporate customers. Zand will offer cards, loans, accounts and personal financial management products "comparable to N26 or Revolut" for new retail customers, Crespin said, drawing a comparison with some of Europe's established neobanks. The launch comes as Covid-19 accelerates the adoption of digital services across the Gulf region. Demand for financial technology products among its young and mobile enabled population is rising, particularly in the UAE and Saudi Arabia.
Persons: Olivier Crespin, Zand, Mohamed Alabbar, Crespin, Europe's Organizations: United Arab Emirates, CNBC, QnA International, Emaar, Dubai, UAE, Abu Dhabi Bank, Emirates Locations: Dubai, United Arab, UAE, Burj Khalifa, Saudi Arabia
Saudi's April oil exports more than double yr/yr to $13.8 billion
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Oil exports made up 72.5% of total exports, up from 64.8% in April 2020 and 70% in March. Non-oil exports rose to 19.6 billion riyals from 13.4 billion but slipped from 22.5 billion riyals in March, the data from the General Authority for Statistics showed. China remained Saudi Arabia's main trading partner in April, with Saudi exports rising to 12.9 billion riyals from 7 billion a year earlier. The kingdom's total export value in April rose to 71.3 billion riyals from 38.1 billion but were down from 74.8 billion in March.
Persons: Ahmed Jadallah, Yousef Saba, Jason Neely Organizations: REUTERS, General Authority, Statistics, Saudi, Imports, Thomson Locations: Saudi, Saudi Arabia, DUBAI, China, Turkey
Microsoft closes above $2 trillion market cap for the first time
  + stars: | 2021-06-24 | by ( Jordan Novet | ) www.cnbc.com + 0.00   time to read: +4 min
CEO of Microsoft Satya Nadella gives a lecture about dream, struggle and creation at Tsinghua University on September 25, 2014 in Beijing, China. Microsoft stock has grown more than 600% since Satya Nadella replaced Steve Ballmer as the company's CEO in 2014. (During Ballmer's 14-year tenure as CEO, the company's stock fell 32%.) Microsoft was among the first companies to exceed a $1 trillion valuation when it hit that milestone in April 2019. Not long before that, Microsoft had reclaimed the title of most valuable public company, although today it's held by Apple.
Persons: Microsoft Satya Nadella, Nadella, Satya Nadella, Steve Ballmer, Ben Horowitz, Slack, Ohio's Jim Jordan, Brad Smith Organizations: Microsoft, Tsinghua University, Windows, National Basketball Association, Volkswagen, Walgreens, Nadella, Apple, U.S . Justice Department, Facebook, Google, Republican, LinkedIn, Nokia, Saudi Aramco Locations: Beijing, China, Europe, House, Saudi
Middle East's share of India's oil imports hits 25-month low
  + stars: | 2021-06-23 | by ( Nidhi Verma | ) www.reuters.com + 0.00   time to read: +2 min
The Middle East’s share dropped to 52.7%, the lowest since April 2019 and down from 67.9% in April, the data showed. Lower purchases of oil from the Middle East dragged OPEC’s share of Indian oil imports to a record low. To replace Middle Eastern oil, refiners hiked imports from Latin America, the United States and the Mediterranean. Private Indian refiners Reliance Industries and Nayara Energy, however, boosted purchases of Canadian heavy oil to a record 244,000 bpd, equivalent to about 6% of India’s overall imports. Tanker arrival data showed higher imports in contrast to preliminary government data, as cyclones along India’s coast line last month delayed discharge of cargoes.
Persons: refiners, India’s, Ehsan Ul, Haq, Brent, ” Ul Organizations: Organization of, Petroleum, Imports, United Arab Emirates, refiners, Oil Research, refiners Reliance Industries, Nayara Energy, CPC Locations: YoY, UAE, U.S, DELHI, India, Saudi Arabia, Iraq, Latin America, United States, Nigeria, WTI
(Reuters) -Warren Buffett said he is stepping down as a trustee from the Bill and Melinda Gates Foundation, and that he has donated half his wealth since pledging 15 years ago to give away the fortune he built up running Berkshire Hathaway Inc. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. The Gates Foundation did not immediately respond to a request for comment. Buffett donated $4.1 billion of Berkshire shares to the Gates Foundation and four family charities on Wednesday, part of his 2006 pledge to donate about 99% of his net worth to philanthropy. “Society has a use for my money: I don’t.”Wednesday’s donations also go to the Susan Thompson Buffett Foundation, named for Buffett’s late first wife, and charities run by Buffett’s children Howard, Susan and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation.
Persons: Warren Buffett, Melinda Gates, Rick Wilking Buffett, , Bill Gates, Melinda French Gates, Buffett, ” Buffett, Susan Thompson Buffett, Buffett’s, Howard, Susan, Peter, Howard G, Jeff Bezos, Michael Bloomberg, Larry Ellison, Carl Icahn, Elon Musk, Mark Zuckerberg, Saudi Prince Alwaleed bin, , I’m Organizations: Reuters, Melinda Gates Foundation, Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Gates Foundation, BNSF, Apple Inc, , Susan Thompson Buffett Foundation, Buffett Foundation, Sherwood Foundation, Novo Foundation, Amazon.com Inc, Forbes, Saudi Locations: Berkshire, Omaha , Nebraska, Saudi Prince
(Reuters) - The billionaire investor Warren Buffett said he is resigning as a trustee of the Bill and Melinda Gates Foundation, and has donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc. FILE PHOTO: Berkshire Hathaway CEO Warren Buffett (R) shows his friend Microsoft co-founder Bill Gates the finer points of newspaper tossing, prior to the Berkshire annual meeting in Omaha, Nebraska May 2, 2015. The future of the Gates Foundation has been uncertain following last month’s announcement that co-founders Bill Gates and Melinda French Gates were divorcing after 27 years of marriage. “Society has a use for my money: I don’t.”Wednesday’s donations also go to the Susan Thompson Buffett Foundation, named for Buffett’s late first wife, and charities run by Buffett’s children Howard, Susan and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation. Buffett also used references to American football to assure fans he has no plans to step away, including from Berkshire.
Persons: Warren Buffett, Melinda Gates, Berkshire Hathaway, Bill Gates, Rick Wilking Buffett, , Mark Suzman, Melinda French Gates, Buffett, ” Buffett, Susan Thompson Buffett, Buffett’s, Howard, Susan, Peter, Howard G, Jeff Bezos, Michael Bloomberg, Larry Ellison, Carl Icahn, Elon Musk, Mark Zuckerberg, Saudi Prince Alwaleed bin, , I’m Organizations: Reuters, Melinda Gates Foundation, Berkshire Hathaway Inc, Microsoft, REUTERS, Gates Foundation, BNSF, Apple Inc, , Susan Thompson Buffett Foundation, Buffett Foundation, Sherwood Foundation, Novo Foundation, Fortune, Amazon.com Inc, Forbes, Saudi Locations: Berkshire, Omaha , Nebraska, Saudi Prince
Saudi Aramco extends $10 billion loan on improved terms, sources say
  + stars: | 2021-06-23 | by ( Davide Barbuscia | Saeed Azhar | ) www.reuters.com sentiment -0.99   time to read: +2 min
DUBAI (Reuters) - Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. It has over the past few months renegotiated and extended a $10 billion one-year loan it raised in May last year, three sources with direct knowledge of the matter said. Aramco is also looking to replicate the oil pipeline deal by selling a stake in its gas pipelines, sources have said. The $12.4 billion pipeline deal was backed by nearly $11 billion in debt underwritten by eight banks and subsequently syndicated to an additional 10 banks, two of the sources said.
Persons: Banks, Saudi Arabia’s Crown Prince Mohammed bin Salman Organizations: Reuters, Aramco, Saudi, REUTERS, Maxim, Saudi Arabia’s Crown Locations: DUBAI, Saudi, Saudi Aramco, Abqaiq, Saudi Arabia
OPEC Alliance Considers Boosting Production Amid Uneven Recovery
  + stars: | 2021-06-23 | by ( Benoit Faucon | Summer Said | ) www.wsj.com sentiment -0.74   time to read: +2 min
The Saudi-led Organization of the Petroleum Exporting Countries and its Russia-led allies are moving cautiously in ramping up output, delegates said, worried about uncertain demand as the world’s economies recover unevenly. The group, called OPEC-plus, slashed output early last year by 9.7 million barrels a day as the pandemic shrunk demand. Cumulative additions over the past year will have brought back some four million barrels a day by next month. Earlier this week, U.S. crude prices neared $72 a barrel, their highest level in more than 2½ years before settling lower. In recent months, the group has surprised markets with abrupt changes in direction as it wrangles with gauging demand.
Organizations: of, Petroleum, OPEC, Delegates Locations: Saudi, Russia
A “Stop Gun Violence” sign displayed on a truck during a Gun Violence Peace March last week in Miami. The Biden administration announced on Tuesday that the Justice Department would start five “strike forces” to combat gun trafficking in New York, Chicago, Los Angeles, Washington and the San Francisco area. Mr. Biden does not feel that reforming the police and tackling crime are conflicting goals, the White House press secretary, Jen Psaki, said on Tuesday. Centrist Democrats in the Senate — along with Mr. Biden — have said repeatedly that they want to strike a deal with Republicans. Mr. Biden dispatched aides to Capitol Hill on Tuesday for discussions that his press secretary, Jen Psaki, said yielded progress.
Persons: Biden, Joe Raedle, Biden’s, , Mr, Jen Psaki, , ” Criminologists, Ofer, ” Quentin James, we’re, George Floyd, John Katko, Jeanne Shaheen, Erin Schaff, scrounging, Biden —, Chuck Schumer, Nancy Pelosi, Brian Deese, Steve Ricchetti, Louisa Terrell, Shalanda Young, Susan E, Rice, Tom Perez, Gabriela Bhaskar, Barack Obama’s, Perez, ” Mr, Obama, Larry Hogan, Peter Franchot, Rushern Baker, Prince George’s, Khashoggi, Jamal Khashoggi, Osman Orsal, Khashoggi’s, Crown Prince Mohammed bin Salman, ” —, Donald J, Ned Price, Mark Mazzetti, Julian E, Barnes Organizations: Miami . Credit, Getty, White House, Justice Department, Treasury Department, Biden, American Civil Liberties Union’s, Collective PAC, African, Republicans, Republican, House Homeland Security, Fox News, Democratic Party, Democrat, White, The New York Times, House, Senate Democrats, Democrats, Mr, Capitol, California, National Economic, Legislative Affairs, Management, Domestic Policy, Democratic, Convention, The New York, Democratic National Committee, Wednesday, Gov, Montgomery County Council, Washington Nationals, Baltimore Orioles, Saudi, Reuters, Washington Post, State Department, Crown, Cerberus Capital Management, 1, Saudi Royal Guard Locations: Miami ., U.S, New York, Chicago, Los Angeles , Washington, San Francisco, Minneapolis, New Hampshire, Washington, Maryland, Dominican Republic, United States, Prince George’s County, Montgomery, Saudi, Istanbul, Arkansas, Saudi Arabia, “ Saudi Arabia, Riyadh
The global recovery is running red hot. Here's proof
  + stars: | 2021-06-23 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com + 0.00   time to read: +6 min
You can sign up right hereLondon (CNN Business) Supply chain issues and other post-pandemic headaches can't mask this reality: The global economic recovery is powering ahead. Step back: The global economy is clearly still trying to work out kinks in the system. "Most economic indicators have been suggesting that a strong recovery is underway," Richard Amaro, senior economist at Oxford Economics, told clients. "The contrast between what has happened to household wealth and what is happening in the wider economy can never have been more stark," Credit Suisse wrote in its annual report on global wealth published this week. The bank found that $28.7 trillion in global wealth was generated in 2020, and that "countries most affected by the Covid-19 pandemic have often been those recording the greatest gains."
Persons: Richard Amaro, Jerome Powell, Powell, Microsoft MSFT, Clare Duffy, Satya Nadella, Google parentare, Organizations: CNN Business, Bell, IHS, National Association of Realtors, PMI, Oxford Economics, Fed, Microsoft, Apple, Oil behemoth, Oil behemoth Saudi Aramco, Google, Suisse Locations: London, United States, Netherlands, Europe, Oil behemoth Saudi, Covid, China, Germany, Japan, United Kingdom, US
FILE PHOTO: A student holds flags of China and Germany before a welcome ceremony hosted by China's President Xi Jinping for German President Frank-Walter Steinmeier at the Great Hall of the People in Beijing, China December 10, 2018. However, concerns about China’s growing assertiveness and its human rights record have caused concern. Universal human rights, for example, are not an ‘internal affair’,” he said. They also singled out China in their communique over human rights. China denounced the joint G7 statement as a gross interference in the country’s internal affairs, and urged the grouping to stop slandering China.
Persons: Xi Jinping, Frank, Walter Steinmeier, Jason Lee, Siegfried Russwurm, , Russwurm, Xi Jinping’s Organizations: China's, of, People, REUTERS, BERLIN, Universal, Group, Seven Locations: China, Germany, Beijing, Europe, Russia, Saudi Arabia, Brazil
Early Amazon Prime Day 2021 dealsAmazon has launched a series of early Amazon Prime Day 2021 deals, and we've collected the best ones here. Amazon Prime 30-Day Free Trial If you don't have an Amazon Prime membership, you should sign up for a free 30-day trial to participate in Prime Day deals. How to find the best Amazon Prime Day 2021 dealsIf you want to shop during Amazon Prime Day 2021, bookmark the Amazon Deals Page. Who can access Amazon Prime Day dealsOnly Amazon Prime members can take advantage of this event. Where to find alternative sales during Amazon Prime Day 2021Amazon Prime Day started as, unsurprisingly, an Amazon-centric sale event.
Persons: we've, Price, Price Le, Miles Morales, Nintendo Mario, It's, Deal Belkin, Price Apple, Anker, Price Monoprice, TOA, Price Keurig, Air Fryer, Dyson, Bissell, Eufy, Price Moosoo, you've, Philips, Price Cricut, haven't, Black, restocked, Cash Organizations: Amazon, Music, Nintendo, Target, Walmart, Amazon Prime, iPad, Price Sony, Time Deal Revlon, Deal, Price Apple, Price Sony WH, Razer, Logitech, Sony, Nintendo Mario Kart, Home, Price Nintendo, Huntsman, Sound, Toshiba, Time Deal, Price Toshiba, Smart, Price LG, Apple, AirPods, Wireless, Kindle, Asus, HP, Samsung, MacBook, Bose, Electric Air, XL, Air, Alexa, Casper, Mint, Philips, Machine, Amazon Music Unlimited, Prime, Facebook, Twitter, United Arab, Samsung Galaxy, Shoppers, Amazon Echo, Amazon Music Locations: United Arab Emirates, Turkey, Spain, Singapore, Saudi Arabia, Portugal, Netherlands, Mexico, Luxembourg, Japan, Italy, Germany, France, China, Brazil, Belgium, Austria, Australia
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