BP Just Returned to Venezuela. Brilliant Bet or a Big Mistake?
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Oil prices hold above US$84 as Middle East tensions persist
GLOBAL crude oil prices held firm on Thursday, with benchmark prices remaining elevated as persistent geopolitical tensions in the Middle East continued to fuel concerns over energy supplies and…
PBOC leaves Loan Prime Rates unchanged in August
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Thursday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.
Gold holds near $4,500 as US Treasury buyback sends yields lower
Greater official support for the Treasury market may lower opportunity cost of holding gold.
Democratic Lawmakers Urge Fed’s Warsh to Disclose Trump Calls
A group of Democratic lawmakers are urging Federal Reserve Chairman Kevin Warsh to disclose any conversations he has had with President Donald Trump since taking over the central bank in May.
Rupee falls to a 3-week low of 95.71, raising financial concerns
The Indian rupee closed at a three-week low of 95.75 on Wednesday. Substantial central bank interventions prevented further losses for the local currency.