Tejash & Dev

MSCI removes more Indonesian stocks as transparency concerns grow

The index provider removes energy company Barito Pacific, owned by billionaire Prajogo Pangestu [JAKARTA] Indonesia’s stock market suffered another setback after MSCI removed several companies from its index on Thursday (Nov 12), piling pressure on the authorities to address the index provider’s concerns about market transparency. The move follows MSCI’s warning last month that Indonesian…

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Global OPEC+ oil exports close to prewar levels amid ongoing incidents in Strait of Hormuz

ERBIL, Kurdistan Region – Crude oil production by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) rose sharply in October, approaching pre-war levels, according to the group’s monthly report released Wednesday, even as attacks on commercial vessels continue in the strategic Strait of Hormuz. OPEC+ countries, which includes countries such as Russia,…

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ECB says Lagarde’s exit will not delay the digital euro as Brussels negotiates the law

Christine Lagarde’s early exit as president of the European Central Bank will not hold up the digital euro, an ECB official said on Tuesday at the Web Summit in Lisbon, one of Europe’s largest technology conferences. ADVERTISEMENT ADVERTISEMENT Alessandro Giovannini, adviser to the programme manager of the digital euro project, pointed to the pilot starting…

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