Nov Financial News

SINGAPORE (Reuters) -Oil prices rose slightly on Tuesday due to a weak dollar, and expectations that the OPEC+ producer group would deepen and extend output cuts due to fears demand would remain subdued.

Investing.com-- Oil prices rose in Asian trade on Tuesday as media reports suggested that the OPEC+ planned to extend or even deepen its ongoing production cuts at a meeting later this week. 

Donald Trump plans to testify again next month in his civil fraud trial, his lawyers said Monday. He is to return Dec. 11, defense attorney Christopher Kise said. Trump had plenty to say during his initial testimony Nov.

Here are the key issues in the two-week COP28 negotiations starting Nov. 30 in Dubai. TAKING STOCK OF CLIMATE PROGRESS The main task at COP28 is a first-time assessment of countries' progress towards meeting the 2015 Paris Agreement's goal of limiting the global temperature rise to «well below» 2 degrees Celsius, while aiming for 1.5C. With global efforts lagging, countries will try during this «global stocktake» to agree on a plan to get the world on track to meet climate goals, which could include urgent steps towards cutting CO2 emissions or boosting green technology investments. As the COP28 talks begin, countries are at odds over whether this exercise should put the onus on all countries or just the world's wealthiest countries to do more because they released the most planet-warming emissions historically. Countries are expected to update their national emissions-cutting targets and plans by 2025. FUTURE OF FOSSIL FUELS The toughest talks at COP28 may focus on the future role of fossil fuels, and whether countries should commit to start phasing out the use of CO2-emitting coal, oil and gas. Countries agreed at COP26 to phase down the use of coal, but they have never agreed to quit all fossil fuels — the main source of planet-warming emissions. The United States, European Union and many climate-vulnerable countries are insisting on a final COP28 deal that commits countries to phase out fossil fuels.

Kirti Panwar, a state government spokesperson, said a dozen men were taking turns burrowing into the debris with hand-held drilling tools for what was hoped would be the final stretch. They had dug nearly 1 meter (3.2 feet) and had up to 11 more meters (36 feet) to go, he said. Rescuers have also started to create a vertical channel with a newly replaced drilling machine, officials said.

Nigel D’Souza, senior investment analyst at Veritas Investment Research, talks with Financial Post’s Larysa Harapyn about why a ‘soft landing’ economic slowdown could spell trouble for banks as Canada’s major financial institutions start to report fourth-quarter earnings on Nov.

The rapid growth in short-dated options that have become popular with hedge funds and retail traders alike is now spreading beyond stocks into other asset classes.

Joe Biden is the only President in the history of US to be over 80 while in office. The incumbent chief executive, who recently celebrated his 81st birthday, was also the oldest American president when he took the top job at the age of 78. His predecessor Donald Trump previously held the record for the country's oldest President. Biden's age has become a cause of concern as the country gears up for election next year.

MUMBAI : FPI net inflows into Indian bonds in November have hit the highest level in 26 months, thanks to higher allocations by foreign investors to emerging markets like India in anticipation of US interest rates having peaked and buying by non-index funds ahead of the country’s inclusion in JP Morgan’s Global Bond Index - Emerging Markets next year. Analysts expect the flows to remain strong, though volatile.

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While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries an ability to produce abundant diesel and boost exports. Arrivals into Europe in November include a rare shipment from Mumbai-based Nayara Energy Ltd., which imported almost 60% of its crude from Russia this year, according to Kpler. Reliance Industries Ltd., Europe’s top supplier of Indian diesel, draws more than third of its crude from Russia, the figures show. The surge in diesel imports from India also illustrates a fundamental shift in oil trading in the wake of the Kremlin’s war in Ukraine. A year ago, Russia was Europe’s top supplier of diesel, a fuel vital to the industrial and transport sectors. The European Union banned most seaborne imports of Russian crude in December and oil products in February.

Railways Board transferred him to the national capital in the Northern Railway (NR) zone just three days before his retirement, reported PTI. The report says according to the Railway Board transfer order, KP Arya— chief communication engineer from the Bilaspur division (Chhattisgarh)—is supposed to join the Northern Railways zone on a higher administrative grade post on November 28, 2023, while his retirement is due on November 30.

(This Nov. 24 story has been corrected to add weekly loss data in paragraph 2 and show that there was no weekly oil price gain in the headline and paragraph 1)

Credit losses and expense controls will be closely watched when Canada’s big banks begin to roll out fourth-quarter earnings on Nov. 28, results that come as households and businesses contend with higher interest rates and the economic outlook casts a cloud over revenue growth expectations.

Around $750 million of vested digital assets are scheduled to be unlocked and released into the markets in December.

Investing.com — U.S. stock futures traded lower Monday, as investors turned cautious approaching the end of a generally positive month and the release of key inflation data.

By Harry Robertson and Wayne Cole

Investing.com -- Retailers are expected to unveil deep Cyber Monday sales in a bid to persuade inflation-squeezed American consumers to open up their wallets ahead of the holidays. Meanwhile, markets will be monitoring shoppers' behavior as they try to parse out the Federal Reserve's future interest rate path. Elsewhere, Elon Musk is due to meet with Israel's president, while U.S. President Joe Biden will reportedly skip the upcoming COP28 climate conference.

By Paul Carsten

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