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COP26 climate summit .. Draft agreement softens its language on coal and fossil fuels And calls for an increase in the level of climate pledges

• 12 November, 2021
• 5:30 pm EET

The draft COP26 climate summit agreement urged countries to be more ambitious in their plans to tackle global warming, but softened their language on coal and fossil fuels. The draft retains an explicit reference to fossil fuel subsidies and a…

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Asia Forex news roundup: Japan’s wholesale inflation has reached a four-decade high.

• 11 November, 2021
• 5:46 pm EET

Asia Forex news roundup: Japan's wholesale inflation has reached a four-decade high. On Thursday, November 11, 2021, forex news for Asia trading will be released. The fact that Evergrande had paid its bond interest offered a positive input for sentiment…

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OPEC oil production rises by 217,000 barrels per day in October Supplies continue to rise for the eighth month in a row

• 11 November, 2021
• 5:22 pm EET

OPEC oil production rose by about 217,000 barrels per day during the past month, and most of the increase came from Saudi Arabia, Venezuela, the United Arab Emirates and Kuwait, according to the quotas agreed upon within the OPEC +…

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Oil prices turn higher with the release of the OPEC report Brent crude is above $83

• 11 November, 2021
• 5:09 pm EET

Oil prices turned higher, during trading today, Thursday, with Brent crude exceeding the level of $ 83, with the release of the monthly OPEC report. Crude prices fell earlier in trading, on fears that accelerating inflation in the United States…

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Asian stocks slump, dollar shines as inflation fears flare

• 11 November, 2021
• 12:17 pm EET

Summary U.S. CPI rises at fastest pace since 1990, roiling markets Broad-based inflation challenges Fed's "transitory" narrative Dollar hits 15-1/2-month high on bets for earlier rate hikes Treasury yields jump while breakeven rate soars to record high Australia leads decline…

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