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Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs

Brent gained 0.8% at 0430 GMT, WTI up 0.9% OPEC+ sticks to plans to cut production by 2 mln bpd More Chinese cities relax COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and …

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Saudi Exchange launches market-making framework to boost liquidity

DUBAI, Dec 4 (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. “Market Makers have to ensure the availability of …

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Spain’s PM sent letter bomb similar to device that injured Ukraine embassy official

MADRID, Dec 1 (Reuters) – Spain has stepped up security at public and diplomatic buildings after a spate of letter bombs, including one sent to Prime Minister Pedro Sanchez and another to the Ukrainian embassy in Madrid, where an official filed minor injuries. The Interior Ministry revealed on Thursday that an “envelope with pyrotechnic material” …

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Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US restrictions restrict payments, people familiar with the matter said. The United States on …

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Google, iHeartMedia settle charges of deceptive Pixel 4 ads with FTC, US states

WASHINGTON, Nov 28 (Reuters) – The US Federal Trade Commission and seven US states reached a settlement with Alphabet Inc’s (GOOGL.O) Google and iHeartMedia Inc (IHRT.O) over of deceptive ads promoting Google’s Pixel 4 smartphone, the FTC said. the FTC said in a statementon Monday that the companies aired nearly 29,000 deceptive endorsements by radio …

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Twitter CEO Musk says user signups at all-time high, touts features of “everything app”

Nov 27 (Reuters) – Twitter Inc Chief Executive Elon Musk says new user signups to the social media platform are at an “all-time high”, as he struggles with a mass exodus of advertisers and users fleeing to other platforms over concerns about verification and hate speech. Signups were averaging over two million per day in …

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Many shoppers can’t find Apple’s latest iPhones on Black Friday

BETHESDA, Md./NEW YORK, Nov 25 (Reuters) – Many shoppers looking for Apple’s (AAPL.O) latest high-end phones returned empty handed from its stores this Black Friday as the technology company struggles with production snafus in China. Among them were Sally Gannon and every last Michael, who were visiting an Apple store in Bethesda, where they found …

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