Ecuadorians voted to shut a major oil field in the Amazon region and ban new mining concessions near Quito, sending a clear message to the next government on prioritizing environmental protection over natural resource development.
Turkish lenders are complaining that tough targets imposed by authorities to curb a tool designed to support the lira are putting at risk banking sector profits.
Low trading volumes last week left oil in the crosshairs, leading to its first weekly decline since June. Meanwhile, extreme and volatile weather around the world weighs on agricultural products, with cocoa the latest crop to see wild price swings.
The $7.4 trillion ETF world is wrestling with a unique strain of concentration risk: some of the biggest issuers are reliant on a single product for the bulk of their success.
Permian Resources Corp., a US oil producer named after the shale basin in which it operates, agreed to acquire Earthstone Energy Inc. for about $2 billion through an all-stock takeover.
Fidelity International is working with investment bank Rothschild to find potential buyers for its fund platform in Germany, according to people familiar with the matter.
Turkish lenders swung between gains and losses in Istanbul trading on Monday as investors weighed the impact of the central bank taking its first step to curb a deposit tool put in place in late 2021 to support the currency. Bonds rallied.
The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade.
The risk of new disease, disability and death remains elevated in some patients as long as two years after catching Covid-19, according to a large study showing the infection’s prolonged heath impact.
The wage floor for American workers climbed to a record high close to $79,000, according to a Federal Reserve Bank of New York survey released Monday that also found pay demands among women are rising twice as fast as for men.
