Business In The News

OPEC’s Improved Forecast on Market Recovery Depends on Compliance With Oil Cap Deal – IEA

MOSCOW – The realization of the Organisation of the Petroleum Exporting Countries’ (OPEC) revised prognosis for oil market balance recovery by mid-2017 hinges on the level of adherence to the agreement on oil production curtailment between the cartel and 11 other major oil producers, the International Energy Agency’s (IEA) press office told Sputnik. On Sunday, […]

Business In The News International

Trump’s stance on Mexico ‘could cost hundreds of thousands of US jobs’

DAVOS, Switzerland (AP) — President-elect Donald Trump’s threats to firms using Mexico as a manufacturing base will be counterproductive and could eventually cost thousands of American jobs, Lawrence Summers, the former U.S. Treasury Secretary, warned Wednesday. Summers noted that Trump’s “rhetoric and announced policies” over Mexico have led to a big fall in the value […]