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Saudi Arabia has done it again. The de facto leader of the world’s main oil producer club sent crude prices spiking on Monday after proposing a further cut to crude production. Given the Organization of the Petroleum Exporting Countries’ position of strength, the muscle-flexing is more logical than surprising.
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Saudi Arabia has joined the Western bank bagholder club. Saudi National Bank (SNB), 37% owned by the kingdom’s $600 billion Public Investment Fund, admitted on Monday that its $1.4 billion swoop for 10% of Credit Suisse had gone sour after the latter collapsed into the arms of UBS . The good news for SNB Chairman Ammar Al Khudairy is that his $1 billion-plus loss is neither the first nor the last time an eastern investor will take a big bath on a U.S. or European financial group.
Divya urged the filmmaker to give her a chance to audition if not a web show or a movie offer. However, her idea of reaching out to the filmmaker through social media didn’t go down well with the netizens.
It's actor Abhay Deol's birthday today and he has received loads of heartfelt wishes on social media.
'The Book of Bihari Literature' was released at Grand Trunk Road Initiatives 3.0 in Patna on Monday by Bihar Minister of Industry Samir Kumar Mahaseth.