November 13, 20240 Comments

Exclusive-Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say By Reuters

By Trixie Yap, Florence Tan and Chen Aizhu SINGAPORE (Reuters) – Glencore (OTC:) and Chandra Asri, gearing up to complete their takeover of Shell (LON:)’s landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant’s outgoing owner, sources familiar with the matter said. The venture has lined up long-term crude supply from Abu Dhabi National Oil Co (ADNOC) and is

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November 13, 20240 Comments

US CPI Inflation Estimated To Come In Hot, Crypto Market Rally To End?

The market participants appear to be shifting their focus towards the upcoming US CPI inflation data, as evidenced by the recent muted trading in the broader financial sector. The crypto market also witnessed a slump today, with Bitcoin, altcoins, and meme coins, taking a hit. According to estimates from the big banks, the inflation figure is expected to come in hotter, which has likely weighed on the investors’ sentiment. Considering

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November 13, 20240 Comments

Will Pepe Coin Price Soar 16X After Volume Breaks 3-Month High?

Pepe coin price is correcting after surging to a daily high of $0.00001480. Despite declining 10.6% in the past 24 hours, the PEPE price is still up 37% in the past week, and its trading volume has soared to a 3-month high following a bullish breakout. Can the price of PEPE soar 15X after clearing a five-month resistance? Pepe Coin Price Breaks Out As Trading Volume Hits 3-Month Peak Coingecko

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November 13, 20240 Comments

BNP lays off a dozen China dealmakers amid fee plunge

HONG KONG (Reuters) – France’s BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among global banks to trim headcount amid a slowdown in dealmaking in the Chinese market. The bank last week began notifying the impacted bankers, the majority of whom are in investment banking and corporate finance roles, according to the source, who

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November 13, 20240 Comments

What are they saying at the COP29 climate summit? By Reuters

BAKU (Reuters) -World leaders are speaking at the U.N. climate summit in Baku on Wednesday.  Here are the latest comments: ALBANIA PRIME MINISTER EDI RAMA “I decided to leave aside my well prepared speech because …yesterday I was watching the silent TV in the leaders’ lounge, where the organizers have thoughtfully added green plants above the comfortable couches. “People there eat, drink, meet, and take photos together, while images of

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