Hints and tips:
...Is that what you’d worry about with Apple?...
...Goldman predicts that Brent will hit $90/b by then — $10/b higher than it previously forecast....
...The stamp duty holiday announced in early July will continue to have a buoyant effect on prices and continue to help liquidity in the short term....
...It also came as Prince Abdulaziz, in office only since September, tries to stamp his authority on the group and pushes for greater compliance among producers....
...The increase would take the reduction to 1.6m b/d....
...Russia is expected to rubber stamp the deal on Tuesday....
...Brent crude oil climbed 2 per cent to reach $74.58 a barrel....
...In the meantime, if you'd like to comment on today's show or suggest any topics you'd like us to cover in future episodes, please email us at techtonic@ft.com....
...In Algiers on Wednesday, Opec committed itself to reduce output to between 32.5m barrels a day and 33m b/d....
...Brent crude, the international marker, is down 0.3 per cent at $48.28 a barrel after falling 4.9 per cent on Friday....
...Brent crude, the international benchmark, was down 1.6 per cent at $47.23 a barrel in Asia, while West Texas Intermediate was off 1.7 per cent at $45.09....
...Base metal prices are mostly lower and Brent crude is down 1.7 per cent to $47.20 a barrel....
...It’s quiet out there, as you’d expect for a holiday in the UK and across Europe. But the US is open for business later....
...And I’d guess that they will both do better than the New Zealand and Australian dollars, for that matter,” he said. On Wednesday, the Australian dollar was flat at $0.7238....
...With R&D costs rising slightly, to £63.1m from £62.3m last year, that pushed the company to a pretax loss of £22.6m – compared with forecasts for a £2.7m pre-tax profit....
...US exports of processed condensate reached 126,000 b/d in June, from zero a year before, according to Clipper Data....
...Their total output was put at 383,000 barrels of oil equivalent a day, of which 239,000 b/d was oil and the rest gas....
...Oil production has dropped from a high of 1.4m barrels a day after the revolution that toppled Gaddafi’s regime to about 200,000 b/d now....
...(Financial Times) Citic “has bought a stake in U.S. brokerage firm BTIG LLC, the company’s latest move to grow outside of China through buying a holding in a Western investment firm....
...(+0.19%) at 1,266 FTSE100 up +22.48 (+0.34%) at 6,572 CAC 40 down -12.30 (-0.29%) at 4,244 Dax up +41.56 (+0.47%) at 8,846 Currencies €/$ 1.35 (1.35) $/¥ 98.60 (98.76) £/$ 1.60 (1.59) Commodities ($) Brent...
...We’d be spending money we didn’t really have. Racking up borrowing our country couldn’t afford. We’d be repeating all the mistakes the last government made – instead of fixing those mistakes....
...around 25 aircraft…” (Reuters) The order is “worth at least $7 billion based on list prices” (Bloomberg) “Private equity firm KKR & Co is nearing a deal to acquire lifting equipment company Crosby Group LLC...
...Syria’s production, estimated at about 50,000 b/d today, is marginal in the context of 90m b/d of global supply....
...(Wall Street Journal) “The Senate Judiciary Committee passed a sweeping reworking of immigration laws on Tuesday evening, giving a bipartisan bill its first formal stamp of approval in Congress....
...Amgen has less capital equipment than it did in 2006 and spends only a fraction more on R&D....
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