- OPEC – Russia Agree to Cut Down Crude Production
OPEC has finally agreed to reduce oil production to 9.7 million barrels a day. This will allow the crude oil price to stabilize.
Last month, the falling price of crude oil was a major reason for the markets to fall. The reducing demand of crude oil due to the spread of coronavirus caused a drop in the price of crude oil.
This deal should stabilize the price of crude oil.
- China’s Central Bank Increases Stake in HDFC
It came to light from shareholding disclosures that People’s Bank of China has increased its stake in HDFC to 1.01%.
The central bank of China already had a stake of 0.8% as of March 2019.
We know the times are tough and the situation tense. It is natural to be apprehensive about the state of your investments and confused about your finances. But we won’t let you struggle alone.
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