OPEC oil ministers met in Vienna on Saturday against an uncomfortable backdrop: uncertain demand, volatile oil prices and questions about whether their Russian allies are sticking to their side of the bargain.
Volodymyr Zelenskiy told the Wall Street Journal that Ukraine is ready for its counteroffensive against Russia, but downplayed the prospects for rapid success and warned of potential heavy casualties. He also called on a “signal” on NATO’s intentions heading into the military alliance’s summit in Vilnius next month, and said he feared a less-supportive US administration after the 2024 election.
So, the US government won’t default on its debt. The question is whether that’s a win for President Joe Biden or House Speaker Kevin McCarthy. Look for Biden to use their deal as launch pad for his reelection campaign as he seeks to keep left-leaning and Black voters on board . To recap, here’s how “two Irish guys who don’t drink” and their aides, fueled by cookies and pizza, maneuvered around the flanks of both parties to end weeks of uncertainty for the world economy. The whole spectacle may n
Polish state development fund PFR is seeking a higher dividend payment from Bank Pekao SA, the country’s second biggest lender.
With a debt ceiling deal freshly inked, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.
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