Breaking Views: Japan’s big banks may be hoping to benefit from the retreat of global rivals from Riyadh. The accusation that Saudi Arabia engaged in state-sponsored murder has led top U.S. and European bank bosses to pull out of attending next week’s Future Investment Initiative, writes Una Galani. For Mitsubishi UFJ Financial Group and Mizuho Financial Group, though, the fallout could present an opportunity to snag more of Saudi’s fee wallet. |
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Exclusive: OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC say. |
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