Tag Archives: OPEC

Your Daily Dose of Financial News

BY: Michael D. Reif | February 6, 2019

Qatar and ExxonMobil are teaming up on a $10 billion natural gas investment plan in Texas and America’s growing status as an LNG exporting power – NYTimes and MarketWatch A new Saudi-backed proposal would see OPEC formalizing its partnership with “a 10-nation group led by Russia to try to manage the global oil market,” an … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 12, 2018

Saudi Arabia is pushing OPEC and its allies to cut oil production in 2019, and it’s doing its own part by exporting 500,000 fewer barrels a day in December than now—all an attempt to “counter the price rout battering the finances of group members and energy companies alike” – Bloomberg and NYTimes and WSJ Facebook, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 24, 2018

The results are in, and Comcast has bested Fox in the quest for British satellite broadcaster Sky with a final bid of roughly $39 billion in the unusual 3-round auction overseen by the UK’s Takeover Panel. The result must be an unimaginably bitter pill for Rupert Murdoch—who’s had his eye on the Sky prize for … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 21, 2017

Uber CEO Travis Kalanick’s indefinite leave of absence just got a whole lot more definite with news late yesterday that, bowing to pressure from shareholders, Kalanick has resigned from his post altogether – NYTimes and WSJ and Bloomberg Global stock index provider MSCI announced yesterday that Chinese stocks will be included for the first time … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 16, 2017

The latest on yesterday’s cyberattack headlines suggests that North Korean-linked hackers are likely to blame – NYTimes and WSJ A quick look at Amazon at 20 – WSJ and NYTimes With oil markets again in free fall, Saudi Arabia and Russia have agreed to cut production, and industry experts expect that the rest of OPEC … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 14, 2017

The Aetna/Humana proposed merger is officially history, just weeks after a federal judge blocked the deal over antitrust concerns – WSJ We’ve talked a fair amount about the switch to chip & pin card systems over the past few years. But how about a lack of cards altogether? Because that’s what the banks have in … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 12, 2016

An agreement among non-OPEC oil-producing nations to cut production has again pushed oil prices higher – WSJ and Bloomberg Whether these production limitations by OPEC and others will stick is a different matter entirely – WSJ The Times went all in on Twinkies this weekend, with a look at how they came to be and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 1, 2016

After a few false starts, OPEC has reportedly reached a deal to limit oil production by about 4.5 percent beginning in early 2017.  The news sent oil prices way up, though there’s no telling whether that will last – NYTimes and WSJ Even as auto lending continues at near break-neck pace, regulators are expressing concerns … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 29, 2016

OPEC has reached a tentative deal among its 14 member nations to “modestly cut” their oil output toward the end of the year in an effort to shore up sagging oil prices–an announcement that immediately sent global oil prices up 5% – NYTimes and WSJ and Bloomberg California’s Treasurer has taken the “unusual step” of suspending many … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | June 2, 2016

Everything’s coming up Saudi these days, as Uber revealed this week that it turned to the Middle East for a $3.5 billion cash infusion from Saudi Arabia’s Public Investment Fund—the kingdom’s “main investment fund”—as part of the ride-hailing company’s recent financing round – NYTimes and WSJ and Bloomberg The Fed is reporting in its latest … Continue reading