Oil Jumps After OPEC Signals Intent to Continue Output Cuts

Oil Jumps After OPEC Signals Intent to Continue Output Cuts

Oil made a strong start to the week after Saudi Arabia and other OPEC producers signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. Brent futures rose as much as 1.3%, following a 2.3% gain last week.

Iran’s ‘Resistance Economy’ Is Kicking In

Iran’s ‘Resistance Economy’ Is Kicking In

Farzaneh Sharafbafi, the first-ever female CEO of Iran Air, has just lost her job, a victim of U.S. sanctions on the Islamic Republic. Appointed in July 2017, Sharafbafi’s tenure was dogged by failures beyond her control.

Siemens Drops As Parent Approves Gas And Power Business SpinOff

Siemens Drops As Parent Approves Gas And Power Business SpinOff

Shares of Siemens Ltd. fell over 3 percent after its parent Siemens AG approved the spin off of its gas and power business into a separate entity. More than 45 percent of Siemens India revenue will be impacted by this restructuring, Jonas Bhutta, analyst at Philip Capital Industrials, said.

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