Saudi Arabia, Russia Want Nine-Month Extension to Deal on Oil Output Cuts
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Russia and Saudi Arabia's energy ministers said a production cut by the world's biggest oil producers should be extended by nine months to the end of March 2018.
Energy Shares Gain on Prospects for OPEC Deal
Shares of energy and mining companies advanced around the world following a jump in oil and metals prices.
Global Oil Prices Jump on Talk of Extending Production Cuts
Oil futures rose sharply after energy ministers from Russia and Saudi Arabia said they would back a nine-month extension to a regime of global production cuts.
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Global Economy Week Ahead: Japan GDP, EU Consumer Confidence
This week, Japan releases first-quarter GDP figures, with growth expected for the fifth straight quarter, and a consumer confidence reading in Europe will help gauge how Emmanuel Macron's victory in the French presidential election might affect the economy.
China's Economy Slowed in April in 'Turning Point'
China's economic activity weakened more than expected last month on flagging factory demand, part of an anticipated gradual slowdown in the world's second-largest economy for the rest of 2017.
China's Debt Addiction Will Be Hard to Cure
China's regulators risk creating more appetite for debt even as they try to crack down on it.
China Central Bank Sets Up Panel to Study Fintech Sector
China's central bank has set up a committee on financial technology, or fintech, in a bid to enhance its study of the industry, which includes online lending platforms.
Indonesia's Central Bank Tightens Control on Flow of Foreign Currencies
Bank Indonesia said that starting next year it will only allow commercial banks and money changers to move foreign currencies of more than $75,000 in and out of the country.
Bitcoin Faces More Scrutiny After Global Hack
In the wake of a global wave of cyberattacks that demanded payment in bitcoin, new attention is being focused once again on the digital currency's role in hacking and illegal money movements.
China's President Xi Casts Country as Guardian of Globalization
Chinese President Xi Jinping called for a more open, inclusive world order, injecting a note of geopolitical ambition into a global gathering to promote China's vision for greater economic cooperation across Asia, Europe and Africa.
(END) Dow Jones Newswires
May 15, 2017 07:15 ET (11:15 GMT)