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The pan-European STOXX 600 index rose 1.2 percent to its highest since January 6, also helped by gains in other cyclical sectors such as miners and autos.

Dec 7 The Ukrainian producer of the world’s largest aircraft has offered to build a plane for Donald Trump after the US president-elect said an order with Boeing Co for a new Air Force One should be scrapped.

Under the deal, their output will be reduced by 1.2 million barrels per day starting in January, the first time since 2008 that OPEC nations have agreed to cut production.

It is unclear what led Trump to ditch almost 40 years of diplomatic protocol and take a congratulatory telephone call from Taiwan’s Tsai Ing-wen.

Russia, which is meeting with some of the players a day in advance, has already agreed to a cut of 300,000 barrels a day to hlep in the effort to ease the glut and support prices.

The September decision by the Obama administration to delay final approval for the Dakota Access Pipeline was meant to give federal officials more time to consult with Native American tribes that have faced dispossession from lands for decades.

“We understand that. But, he should be prepared to fight the Republican establishment where they disagree with him”.

“The secretary of state has been engaging with a wide range of businesses as part of the preparations for negotiations. with regards to the discussions with the City of London, as they have said, these notes are an interpretation of a discussion”, the spokeswoman told...

The commodity jumped more than 10%, marking the largest one-day gain since August 2012, and smashed trading volume records.

“However, the bank is going to reduce their firepower after March and will only be purchasing 60 billion”.

The ECB gave European markets something to chew over this afternoon when it was announced that its asset buying stimulus package will run for longer than expected but with the monthly budget cut by 20 billion euros after March.

The small-stock Russell 2000 index gained 0.9% to an all-time high of 1364.51.

The repo rate is the interest at which RBI lends money to other banks. We expect RBI to soften its lending rate by 25 basis points, anything above than expected could give boost to the market.

While shouts of jubilation filled the air at Standing Rock during the initial euphoria in response to the announcement from the USCAE, the timing of the announcement (with an avowed supporter of the pipeline about to take control of the White House) and the spectre of a court...

ECB boss Mario Draghi revealed that the bank’s governing council as chose to keep its interest rates unchanged again in a move widely expected by markets.