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Under60 Daily | 11 September 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.


[Oil and Gas] U.S. Crude inventories begin to rise as the recovery for the Oil and Gas sector seems to stall. The increase was attributed to a drop in petrol demand.

Over60: CNBC


[Transportation] German truck and bus manufacturer MAN will cut 9,500 jobs. The loss making company hopes to save €1.8 billion from the move.

Over60: Economic Times


[Sovereign Debt] The Reserve Bank of India managed to sell $2.4 billion of 10 year bonds to primary dealers at a yield of 6.02% against an expectation of 6.08%.

Over60: Mint


[International Trade] Brussels has provided a month to Boris Johnson to scrap his plans to override certain provisions of the Brexit deal agreed between the UK and EU. The EU has now started planning for a no deal Brexit.

Over60: FT, Reuters


[Monetary Policy] The ECB has decided to keep its rates unchanged at minus 0.5%, providing room for further appreciation of the Euro.

Over60: CNBC


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