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Zimbabwe deepens power cuts to 24 hours on loss of Eskom imports
Zimbabwe’s state-owned Zesa Holdings Ltd. escalated power cuts to as long as 24 hours after losing regional power imports and local generation capacity remains critically constrained.
Oil producers agree to deepen production cuts
Iran: Russia’s demand from OPEC+ on condensates rightful
Tata Steel to cut 3,000 jobs as crisis rips through Europe
Tata Steel Ltd. plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the UK.
UBS cutting 40 banking jobs in Asia
UBS Group AG is cutting about 40 jobs in the Asia-Pacific region as part of a global push to trim costs and combine its trading units, according to a person familiar with the matter.
Surprise rate cut in Mexico 'no use' for growth in short term
The Mexican central bank’s surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say.
SNB likely to follow interventions with interest-rate cut
The Swiss National Bank (SNB) may have to do more than pump billions into foreign exchange markets into prevent the franc from appreciating to a damaging level.
Global growth forecast cut by IMF amid trade tensions
The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next.
Iran to cut US access to domestic android applications: Minister
Iran’s minister of telecommunications says that the country is planning to equip mobile devices in the country with a special operating system that would prevent the United States government from banning Iran-made mobile applications.
OPEC crude oil output shrinks in May: Survey
OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Arabia’s crude oil production falling to a four-and-a-half-year low in May, even as sanctions-hit Iran and Venezuela continue to see their output contract, an S&P Global Platts survey showed.
Reuters poll: Bank of Canada done raising rates, 40% chance of cut by end-2020
The Bank of Canada (BoC) is done raising interest rates until at least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions, a Reuters poll showed on Friday.
OPEC sees more demand for its oil as it keeps cutting output
OPEC said that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.
Australia's big banks search for new customers with cut price fixed loans
Australia and New Zealand Banking Group cut fixed mortgage rates on Friday, the last of the country’s growth-starved big banks to do so in recent weeks as they chase new customers amid lower funding costs.
Malaysia joins Asia easing cycle with quarter-point rate cut
Malaysia’s central bank cut its benchmark interest rate for the first time since July 2016, seeking to support the economy as global risks mount.
Sources: BoJ to cut price forecasts, keep rosy economic view
The Bank of Japan (BoJ) is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious two percent target.
Iran won’t discuss its OPEC quota while under sanctions
OPEC works on deal to cut output by 1.3m bpd

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