Money Matters
Barclays and SocGen lower Unilever target prices
Unilever shares were under pressure on Friday afternoon. This meant that the group returned to its market value for the second day in a row after the quarterly…
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The Federal Reserve scales back money pump operation
The Federal Reserve is scaling back the pace of debt buying to support the economy in the current crisis. The umbrella of central banks in the United States…
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Stock market revives by signs of the possible COVID cure
The stock exchanges in New York closed the trading week on Friday with a profit. Investors responded enthusiastically to reports of a possible treatment for the disease caused…
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Shell got a permit to begin first stage of the Queensland project
Shell has given the green light for the development of the first phase of a major gas project in the Australian state of Queensland. This is the Surat…
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Opec+ agreement finalized
Oil cartel OPEC, Russia and other oil-producing countries agreed on Sunday evening to limit production by 9.7 million barrels per day for the months of May and June.…
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OPEC and Russia confirm the agreement to reduce output
In a statement, members of the OPEC oil cartel and ally Russia confirmed that they agreed on Thursday to cut production. In May and June, 10 million barrels…
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ArcelorMittal rating downgraded, outlook set to negative
Credit rating agency Fitch has lowered the credit status of steel group ArcelorMittal to junk because of the difficult market conditions in the steel industry due to the…
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