GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months

RIYADH | SAUDI ARABIA - Financial leaders of the world’s biggest economies claimed a ‘historic achievement’ in reaching a framework to deal with heavily indebted poorer countries, which have been severely impacted by the coronavirus pandemic. The finance ministers and central governors of the G20 nations agreed at a virtual meeting organized by the Saudi … Continue reading GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months

Saudi Arabia’s Crown Prince, Russia Putin Discuss Global Oil Markets

Saudi Arabia’s Crown Prince Mohammed Bin Salman held a phone call with Russian President Vladimir Putin on Tuesday. During the call, they reviewed world oil markets, and the efforts made to achieve and maintain stability, support the growth of the global economy, Saudi Press Agency reported. They also agreed on the importance of all oil-producing … Continue reading Saudi Arabia’s Crown Prince, Russia Putin Discuss Global Oil Markets

BUSINESS NEWS | Global Trade Hit By Restrictions During COVID-19 Crisis: WTO

GENEVA – Global trade has been hit by new and accumulated important restrictions just as economies need to rebuild in the COVID-19 crisis, the World Trade Organization (WTO) said in a mid-year report issued on Friday. But some export constrains imposed on surgical masks, medicines and medical equipment early in the pandemic are being rolled … Continue reading BUSINESS NEWS | Global Trade Hit By Restrictions During COVID-19 Crisis: WTO

BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House

WASHINGTON – U.S. President Donald Trump and Saudi Arabian Crown Prince Mohammed bin Salman Bin Abdulaziz Al Saud discussed the fight against the coronavirus pandemic and ‘re-energizing global economies’ during a telephone call on Thursday, the White House said. The two leaders also discussed regional and bilateral issues and the prince ‘reaffirmed the strong United … Continue reading BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House

BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

NEW YORK  - Morgan Stanley’s Chief Executive Officer James Gorman told shareholders on Thursday that is to too early for him or anyone on the board of directors to consider reinstating the bank’s share buyback program. Morgan Stanley, along with JPMorgan Chase & Co, Bank of America and five others, voluntarily suspended their share repurchases … Continue reading BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman, Russia’s president Vladimir Putin and his U.S. counterpart Donald Trump welcomed the outcome of OPEC+ meeting during a joint phone, Saudi state news agency SPA said on late Sunday. The three leaders expressed their comfort with the results of the efforts exerted to stabilize global oil … Continue reading BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

BUSINESS NEWS | Kremlin and Trump Discuss OPEC+ Oil Cuts Deal

BUCHAREST | ROMANIA – Russian President Vladimir Putin and U.S. President Donald Trump, in a phone call on Friday, discussed a potential global deal on oil production cuts by the group known as OPEC+, the Kremlin said. It Added that Trump had told Putin about his talks with leaders of some oil producing countries. They … Continue reading BUSINESS NEWS | Kremlin and Trump Discuss OPEC+ Oil Cuts Deal

BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting

RIYADH | SAUDI ARABIA – The Saudi energy minister gold a conference of the G20 group of the world’s largest economies on Friday that Ensuring affordable energy supply is key to facilitating a global economic recovery. ‘Having affordable, reliable, accessible energy supply is considered a necessity to enable basic services, including health care, and help … Continue reading BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting

BUSINESS NEWS | Putin Has No Plans To Talk Oil With Trump, Saudis On Thursday: Kremlin

BUCHAREST | ROMANIA – Russian President Putin has no plans as of Thursday to discuss oil markets with U.S. President Donald Trump and Saudi Arabia’s leadership, a Kremlin spokesman told Reuters. ‘There are no such plans for today’, the Kremlin spokesman said when asked about such a possibility.

BUSINES NEWS | OPEC+ Works On Two-Year Oil Cut Deal, Implemented Gradually: Sources

Oil Refinery, Chemical & Petrochemical plant abstract at night. LONDON – OPEC and its allies, a group known as OPEC+, are discussing plans to cut oil production for at least two years with reductions implemented gradually, two OPEC+ sources said on Thursday. The group has previously said it wanted the United States, one the top … Continue reading BUSINES NEWS | OPEC+ Works On Two-Year Oil Cut Deal, Implemented Gradually: Sources