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Oil was little changed, arresting two days of losses, as traders’ certainty over the fate of OPEC-led output cuts turned to doubt.
Futures hovered around $55 a barrel in New York. OPEC leaders haven’t yet convinced Russia that oil-production limits set to expire in March should be extended, people with knowledge of the matter said this week. In the U.S., drillers boosted weekly crude output to the highest in more than three decades, fanning fears of a persistent global glut.
Bank of England Governor Mark Carney appeared unable to find his wallet on Thursday while attending a central bank event to promote public understanding of economics.
When everyone in the room was asked to take out a purse or wallet, as an example of something that represented the economy, Carney hunted in several pockets before drawing a blank.
If Philip Hammond squanders this Budget he will be paving the way for political and economic catastrophe
There are two kinds of chancellor. Some are forgotten almost as soon as they leave office, their undistinguished tenures barely even registering as a footnote in the history books. Who still remembers Selwyn Lloyd, father of the useless National Economic Development Council, better known as Neddy? Or Reginald Maudling’s time in 11 Downing Street? Some we vaguely recall, but only for their mishaps: Anthony Barber’s catastrophic boom, for instance. (Telegraph – Continue Reading)
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