BUSINESS

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken February 24, 2022.

Oil Price Set To Surge Further On Delays In Iranian Talks

Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said.
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The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015.

Exclusive-Petrobras Chairman Ferreira Says Will Step Down

Petroleo Brasileiro SA chairman Admiral Eduardo Bacellar Leal Ferreira told Reuters on Saturday he plans to step down from the position, with oil executive Rodolfo Landim seen as his possible successor, according to two sources familiar with the matter.
A customer buys vegetables at a stall inside a morning market in Beijing, China January 14, 2022.

China Targets Slower Economic Growth As Headwinds Gather

China on Saturday targeted slower economic growth of around 5.5% this year as headwinds including an uncertain global recovery and a downturn in the country's vast property sector cast a pall on the world's second-largest economy.
Argentinian Economy Minister Martin Guzman holds a news conference over understandings with the International Monetary Fund (IMF), in Buenos Aires, Argentina, January 28, 2022.

Argentina Bonds Sink In Snub To $45 Billion IMF Deal

Argentine sovereign bonds tumbled some 2.3% on Friday, a day after the government struck a $45 billion staff-level agreement with the International Monetary Fund, a painful reminder that investors remain wary of the country's economic outlook.

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