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Tag Archives: #politics

Saudi Arabia Cuts Oil Exports as OPEC Looks to Stem Crude-Price Slide, By  Georgi Kantchev,   Nathan Hodge and   Benoit Faucon

Country’s energy minister blasts cartel members for ‘overproducing’  ST. PETERSBURG, Russia—Internal discord among OPEC members and big oil-producing allies spilled into public view Monday as the group struggles with its efforts to raise prices for crude. Until now, the Organization of the Petroleum Exporting Countries had largely blamed low prices on U.S. …

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Dubai Set to Achieve Goal of Becoming First Blockchain Government by 2020, by Rebecca Campbell

Dubai is quickly achieving its goal of becoming the world’s first blockchain-powered government to utilize the technology for all transactions by 2020. Speaking at the recently held CIOMajlis (Chief Information Officer’s) session on ‘Blockchain Technology,’ Ahmad Al Mulla, chairman of CIOMajlis, said: Dubai is a frontrunner in adopting the latest technology and …

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A silver lining for Chinese small caps: 5 things to know today in Asia

No output curbs imminent for Libya or Nigeria, major powers push for resolution to Gulf crisis, and lots of Trump turnover. Here are some of the things people in markets are talking about. Keep Pumping One thing that won’t be discussed during Monday’s talks between OPEC and other major oil producers: curbing Libya and Nigeria’s …

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Xi’s Sign-Off Deals Blow to China Inc.’s Global Spending Spree, By Lingling Wei and Chao Deng

Measure is a warning to China’s other big private businesses that loaded up on debt to buy assets overseas BEIJING—China’s government reined in one of its brashest conglomerates with the approval of President Xi Jinping, according to people with knowledge of the action—a mark that the broader government clampdown on …

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U.S. Message to China: Hands Off Our Companies, By Kate O’Keeffe in Washington and Julie Steinberg in Hong Kong

Backers of several high-profile transactions have failed to get approval amid tougher scrutiny of Chinese investment WSJ-The U.S. is toughening its scrutiny of Chinese deals, throwing a number of high-profile takeover bids into question and helping spur a huge case backlog, according to people familiar with the process. The Committee …

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