YORK, Sept. 19 (Xinhua) -- Oil prices increased on Monday as investors raised expectation for a market support deal from OPEC (Organization of the Petroleum Exporting Countries).
Oil prices were supported as Venezuela's President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were close to reaching a deal to stabilize oil markets.
Venezuela's Oil Minister Eulogio Del Pino said on Monday that global oil supply needs to decrease by a tenth to match consumption.
OPEC members and Russia are scheduled to meet on the sidelines of the International Energy Forum in Algeria from Sept. 26 to 28.
Oil prices were also bolstered as a weaker U.S. dollar lifted investor sentiment, which made the dollar-dominated oil more attractive for holders of other currencies.
The dollar index, which measures the greenback against six major currencies, was down 0.26 percent at 95.859 in late trading on Friday.
The West Texas Intermediate for October delivery added 0.27 U.S. dollars to settle at 43.30 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery gained 0.18 U.S. dollars to close at 45.95 U.S. dollars a barrel on the London ICE Futures Exchange.
LUSAKA, March 8 (Xinhua) -- Zambia qualified Wednesday for the finals of the ongoing Africa U20 Cup of Nations finals after overcoming South Africa 1-0 in the semi-finals.
Zambia qualified for the finals after scoring the all-important goal in the 108 minutes after neither team scored in regulation time at the National Heroes Stadium in Lusaka, the country's capital.
The junior Chipolopolo, who have already qualified for the 2017 FIFA U20 World Cup, will now await the winners between Senegal and Guinea in the other semifinal match. Enditem
International banks that have for years been pressing for more access to Chinese capital markets are lauding new regulations that remove caps on foreign ownership of domestic commercial banks Corey Davis Titans Jersey , asset management companies, securities firms, fund managers and life insurers.
Zhu Guangyao, vice finance minister, opened the investment door wider in an announcement last week.
Currently Kevin Byard Rush Jersey , a single foreign investor cannot own more than 20 percent of a bank or an asset manager, and total foreign ownership cannot exceed 25 percent.
Caps on shareholdings in securities firms, fund managers and life insurers will also be lifted to allow foreign investors to take majority stakes — and eventually full ownership.
The deregulation was hailed as a “remarkable milestone” by the financial research