[ad_1] QUITO (Reuters) – Ecuador, one of the smallest members of the Organization of the Petroleum Exporting Countries (OPEC), said on Tuesday it will leave the 14-nation bloc from Jan. 1 due to fiscal problems.
Ecuador to leave OPEC in 2020 due to fiscal problems – ministry
[ad_1] QUITO (Reuters) – Ecuador will withdraw from the 14-nation Organization of the Petroleum Exporting Countries (OPEC) from Jan. 1 because of fiscal problems, the country’s energy ministry said on Tuesday. The logo of Opec
Oil prices sink as weak U.S. economic data dims demand outlook
[ad_1] NEW YORK (Reuters) – Oil prices slipped on Tuesday, pressured as weak U.S. economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third
Fears of U.S. slowdown weigh on stocks; bonds rally
[ad_1] NEW YORK (Reuters) – Weak economic data in the United States and Europe weighed on global stock benchmarks on Tuesday, sending investors into safe-haven assets. FILE PHOTO: Traders work on the floor at the
A goat can cost you: Coal India stops work as locals spar over animal death
[ad_1] FILE PHOTO: Workers walk on a heap of coal at a stockyard of an underground coal mine in the Mahanadi coal fields at Dera, near Talcher town in the eastern Indian state of Orissa
Dollar falters after soft U.S. manufacturing data
[ad_1] NEW YORK (Reuters) – The dollar fell against the euro and the yen on Tuesday after data showed weakness in the U.S. manufacturing sector and a lower-than-expected rise in construction spending. FILE PHOTO: U.S.
PMC Bank created over 21,000 fake accounts to hide loans: complaint
[ad_1] MUMBAI (Reuters) – Punjab and Maharashtra Co-operative Bank (PMC) used more than 21,000 fictitious accounts to hide loans it made, according to a police complaint lodged by Indian officials, in the latest banking fraud
Dollar powers to 29-month high, bonds turn choppy
[ad_1] LONDON (Reuters) – The dollar climbed to a 29-month high on Tuesday as a blizzard of soft global data left the U.S. economy as the only one still looking reasonably healthy. An SGX sign
Credit Suisse clears CEO Thiam of spying on star banker
[ad_1] ZURICH (Reuters) – Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of ordering the botched surveillance of the bank’s former wealth management head Iqbal Khan, but said its chief operating officer had resigned
Indian lenders slump as investors fret over exposure to troubled firms
[ad_1] BENGALURU (Reuters) – Shares in major Indian banks took a beating on Tuesday, as fraud allegations against a top mortgage lender and a prominent bank sparked fresh worries about the health of India’s financial