Funding & Business
Qatar’s Wealth Fund Nears Deal for Minority Stake in Ivanhoe
Qatar’s $524 billion sovereign wealth fund is nearing a deal to buy a minority stake in Canada’s Ivanhoe Mines Ltd., according to people familiar with the matter.
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Oil traders are rushing to grab supertankers to haul crude on a key route from the Middle East to Asia, bolstering earnings to the highest level in two-and-a-half years as suppliers across the region jack up output.
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Wall Street traders are all but certain the Federal Reserve will cut interest rates by a quarter percentage point later today. They’re also fairly sure Chair Jerome Powell will signal further reductions aimed at supporting a saggy labor market.
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