AkzoNobel to sell SE Asia decorative paints business to Nippon Paint for $1.35B
We haven't written up this one. Seeking Alpha News has the full story — the link below goes straight to it.
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Euro tumbles to 17-month low against dollar
High energy prices and concerns over French indebtedness add to pressure on bloc’s currency
FTSE 100 Live: Stocks eye recovery after bond sell-off; Oil holds over $100
Welcome back to the City AM liveblog. Markets are hoping to claw back some of last week’s losses to kick off the week after a global bond rout set ripples through the world’s top exchanges.
Oil Prices Fall as Hormuz Crude Flows Top Pre-War Levels
Crude oil prices fell in early trading, though Brent remained above $100, after a report from Kpler revealed that flows out of the Strait of Hormuz are now above pre-war levels.
- Brent crude traded at $101.20 per barrel, up from the previous day.
- LNG flows out of Hormuz are at pre-war levels despite QatarEnergy's force majeure status.
Middle East oil exports recover to pre-Iran war levels despite Hormuz attacks
Gulf crude exports returned to pre-war levels in September, with producers increasingly relying on alternative routes and ship-to-ship transfers to bypass Hormuz.
Middle East oil exports recover to pre-Iran war levels despite Hormuz attacks
Gulf crude exports returned to pre-war levels in September, with producers increasingly relying on alternative routes and ship-to-ship transfers to bypass Hormuz.