Qatar cuts Barclays holding, selling £510m worth of shares
Qatar’s sovereign wealth fund is cutting its stake in Barclays, a British bank that is under pressure from investors to overhaul its strategy and improve performance, the FT reported. Qatar…
Putin to visit UAE and Saudi Arabia on Wednesday
Russian President Vladimir Putin plans to visit the United Arab Emirates and Saudi Arabia on Wednesday, defying US and European attempts to isolate him and seeking to strengthen partnerships important…
Brazil’s top bank Itau Unibanco launches bitcoin trading
Brazilian lender Itau Unibanco launched a cryptocurrency trading service on Monday. Initially, the new service will allow trading of Bitcoin as well as Ether, but the lender intends to add…
Pfizer sued by Texas over COVID vaccine effectiveness
Pfizer is being sued by Texas Attorney General Ken Paxton, who on Thursday accused the drug maker of misrepresenting the effectiveness of the widely used COVID-19 vaccine. The pharmaceutical giant…
OPEC+ reached consensus to cut oil production by 2 million bpd
OPEC+ members agreed to make 1 million barrels a day of additional oil-supply cuts to go alongside Saudi Arabia’s extension of a voluntary reduction of the same size, Bloomberg and…
JPMorgan’s S&P 500 outlook for 2024 is grimmest among peers
While a number of Wall Street strategists are calling for record highs for US stocks next year, JPMorgan Chase & Co. stands apart by issuing the gloomiest forecast among its…