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