LONDON—Oil prices rose above $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus crisis. Brent crude rose 52 cents, or 0.65 percent, to $81.06 a barrel by…
Oil Rises After OPEC+ Rebuffs US Call to Boost Output
November 5, 2021
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Global Share Rally Pauses as China Property Weighs, US Data Loom
November 5, 2021
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HONG KONG/LONDON—A share rally that has lifted stocks to record levels in recent days lost momentum on Friday, weighed down by renewed uncertainty over China’s property sector and as markets paused for breath ahead of U.S. jobs data due later in the day. The U.S. dollar gained against sterling, which took a beating after the…
Israel Spared 5th Snap Election as Lawmakers Pass Budget
JERUSALEM—Israel’s parliament passed a national budget for the first time in three years early on Thursday, avoiding a November deadline that would have brought down the new government and triggered another election. The marathon overnight voting on budget bills in the Knesset, Israel’s parliament, was a major hurdle for the new government headed by Prime…
Oil Prices Rise Ahead of OPEC+ Meeting
November 4, 2021
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LONDON—Oil prices rose on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool prices. Brent crude was up 94 cents, or 1.2 percent, at $82.93 a barrel by 0940 GMT and U.S. West Texas Intermediate…
Stocks Rise as Fed Tapers Without Tantrums, BoE Takes the Stage
November 4, 2021
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SYDNEY—Share markets firmed on Thursday after the U.S. Federal Reserve engineered an orderly start to unwinding its massive stimulus programme, though doubts about the inflation outlook did push up longer-dated bond yields. “Remember that tapering is not tightening,” said Kerry Craig, global market strategist at J.P. Morgan Asset Management, noting the Fed’s balance sheet would…
Israel Tests Massive Inflatable Missile Detection System
JERUSALEM—Israel said Wednesday it has begun testing a massive inflatable missile detection system designed to hover at high altitudes and detect long-range threats. Israel already boasts an array of sophisticated missile defenses, which were used successfully during the 11-day Gaza war this year. The High Availability Aerostat System resembles a giant blimp or zeppelin. The…
Talks to Revive Iran Nuclear Deal to Resume Nov. 29
Iran is set to resume nuclear talks with other world leaders in Vienna on Nov. 29 to revive a 2015 deal over its nuclear activity, the European Union announced on Wednesday. The EU said that the meeting of the commission of the Joint Comprehensive Plan of Action (JCPOA) will be attended by representatives from Iran, China,…
Israel’s Central Bank Urges Government to Meet Looming Budget Deadline
JERUSALEM—The Bank of Israel on Wednesday urged the government to pass the 2021–2022 state budget as a deadline approaches that could determine the fate of the ruling coalition, and praised the spending plan outlined by Finance Minister Avigdor Lieberman. In a statement, it emphasised the “tremendous economic importance of approving the state budget at this…
Record High Stocks Brace for Fed Stimulus Cut
November 3, 2021
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LONDON—Global stock markets traded at fresh record-high levels on Wednesday while the dollar and U.S. Treasury yields ticked down as investors braced for the world’s largest economy to start cutting pandemic-era monetary stimulus. The U.S. Federal Reserve is expected to announce the tapering of its $120 billion-a-month asset purchase programme in its policy statement at…
Many Feared Dead, Wounded as Explosions, Gunfire Hit Military Hospital in Afghanistan
An explosion that was immediately followed by a deadly assault at a large military hospital in the capital of Afghanistan killed more than a dozen people on Tuesday, according to reports. Hibatullah Jamal, a Taliban member who serves as the group’s minister of defense, said that “there are casualties among both our personnel and civilians,”…
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