Stock Market & Investment News
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EXPLAINER-Russia walks the plank to a foreign bond default
FRANKFURT: Russia’s failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago. Read full story
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Oil settles up despite OPEC+ output hike plan; supply still tight
NEW YORK: Oil settled higher on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned will not add that much to global supply which should tighten as China eases COVID restrictions. Read full story
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