Noticias de dinero

Angola quits cartel, oil dips despite rally

Crude prices slumped on Thursday after Angola quit the OPEC oil cartel, while Wall Street stocks rebounded after a streak of records was snapped. Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel’s decision last month to further slash output next year.  (Photo by JOE KLAMAR

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Global

Angola announces withdrawal from OPEC

Angola announced Thursday that it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the African nation’s oil minister, said Angola “does not gain anything by remaining in the organization,” according to state news agency Angop. The country joined OPEC in 2007.

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Deportes

Keisei Tominaga leads Japan past Angola in World Cup warmup

University of Nebraska standout Keisei Tominaga made six three-pointers and scored a game-high 20 points as Japan defeated Angola 75-65 Tuesday in a FIBA Basketball World Cup warmup game. Japan, ranked 36th in the world, turned a 49-44 deficit into a 51-49 lead at the end of the third quarter and never looked back against

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Global

Macron promotes economic ties in Angola

Having crossed three capitals in a matter of hours, French President Emmanuel Macron continued his African tour on Friday aimed at repairing damaged ties. In the Angolan capital Luanda, Macron chaired an economic forum attended by more than 50 French companies and focused on agriculture. “This is in line with my idea of ​​an economic

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Noticias de dinero

Inflation in Angola, January 2023

Inflation dropped to 12.5% ​​in January after 13.9% in December. The January result represents the lowest inflation rate since December 2015. Fuel subsidies and good harvests are key to the continued downward trend in inflation. Meanwhile, the trend was downward as annual average inflation eased to 20.1% in January from 21.4% in December. Finally, consumer

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Noticias de dinero

Goods of Angola January 2023

The average Cabinda oil price rose to $81.2/bbl in January from $80.0/bbl in December. This means an increase of 1.4% compared to the previous month. At the same time, prices decreased by 7.2% year on year. Oil prices rebounded slightly earlier in the year on stronger demand forecasts linked to China’s reopening and economic resilience

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Noticias de dinero

Monetary Policy of Angola, January 2023

The Monetary Policy Committee of the National Bank of Angola (BNA) at its meeting on January 20 reduced the base interest rate to 18.00% from 19.50% by 150 basis points. It also cut the permanent liquidity loan rate from 21.00% to 18.00% and the permanent liquidity loan rate from 15.00% to 14.00%. These steps are

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Noticias de dinero

Goods of Angola December 2022

The average Cabinda oil price fell to $80.0/bbl in December from $92.6/bbl in November. This means a decrease of 13.6% compared to the previous month. Meanwhile, prices rose 7.5% year on year. Oil prices plummeted at the end of 2022 due to oversupply amid an unfavorable economic environment. In particular, in global markets, late-delivery oil

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