LONDON: OPEC+ enters a second and final day of meetings on Thursday with sources saying the group is unlikely to decide imminently to pump more barrels to the market beyond August. At its last gathering in early June, OPEC+ decided to raise output each month by 648,000 barrels per day (bpd) in July and August, compared with a previous plan to add 432,000 bpd over three months. OPEC+ consists of the Organization of the Petroleum Exporting Countries and allies such as Russia. Washington welcomed the producers' decision in June that followed months of pressure from the West on OPEC+ to raise production to help lower oil prices. International prices hit their highest since the record levels of 2008 after the West imposed sanctions on Russia over its invasion of Ukraine begun on Feb. 24, which Moscow calls "a special military operation". They have eased since this year's March peaks, but rose above $115 a barrel this week because of tight supply and concern OPEC has little ability … [Read more...] about Opec+ meets with little prospect of pumping more oil
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Turning the ‘Bulletproof’ Coffee Craze Into a Big Brand
In February, Dave Asprey will cut the ribbon on his first-ever Bulletproof café. After nearly five years, it seems like a logical step for a guy whose butter-infused coffee inspired a cult following. Read on for the story of how Asprey went from experimenting with "biohacking" his own body to building a thriving business. (And check out more stories in our Built From Passion series.) Where the Idea Came From At 20, Dave Asprey was depressed, overweight, and eating to cope with his emotions, which veered from clear and decisive to stricken with fear. After buying disability insurance, "because I got to the point where I wouldn't hire myself," he told Inc . last summer, the former project manager and software entrepreneur became obsessed with his health, from the quality and duration of his sleep to the fat content of foods he consumed. The more he studied himself, the more he realized he wasn't after a quick pick-me-up but the feeling of being on , … [Read more...] about Turning the ‘Bulletproof’ Coffee Craze Into a Big Brand
MC Explains | Will RBI let the rupee adjust to new lows?
In May, the employee was paid Rs 1.42 crore (165,398,851 Chilean pesos) instead of his salary of Rs 43,000 (500,000 pesos). (Representative Image) The rupee touched a record low, sliding near 79 to a dollar, on June 29 as foreign investors continued selling local equities and crude oil prices rose. Experts say the sharp fall of the rupee can be attributed to the strength of the greenback and lower forward premiums, among others. Moneycontrol explains the reasons for the rupee’s depreciation. How much did the rupee depreciate? The rupee opened at 78.85 per dollar and slid to 78.95, an all-time high, during intra-day trade on Wednesday. On a weekly basis, the currency has depreciated 1.2 percent. Close Why is the rupee in a free fall? Central banks led by the US Federal Reserve tightening interest rates globally, increases in crude oil and commodity prices, lower forward premiums and weakening forex reserves are some of the reasons experts cite for … [Read more...] about MC Explains | Will RBI let the rupee adjust to new lows?
Making Vitamins, People, and Gross Margins Beautiful
Fifteen years ago, Eric Ryan and Adam Lowry launched Method , an eco-friendly cleaning products company that emphasized beautiful packaging as much as sparkling sinks. In 2012, the business was acquired by Belgium-based Ecover. Ryan stayed on. Today, Ryan is introducing Olly , which applies the same design-centric approach to vitamins that Method did to soap. Olly ' s products come in gummy form and are named for benefits like Calm, Immunity, Sleep, and Beauty. For now they are available exclusively through Target. Ryan, whose Olly co-founder is marketing veteran Brad Harrington, spoke with Inc. about his sophomore venture. Where does the name Olly come from? Everybody in the category seemed to fall into two camps. Scientific-but-cold-sounding names like Centrum. Or folksy nature names: Nature ' s Garden or Nature ' s Bounty. We want our brand to be accessible, friendly, and simple. We thought, when you walk into a pharmacy, what ' s the name of the … [Read more...] about Making Vitamins, People, and Gross Margins Beautiful
Markets in 1H: The almost perfect storm
- A + A LONDON (June 30): Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this - the most turbulent first half global markets have ever seen. To grasp just how torrid things have been, consider two things. MSCI's 47-country world stocks index has suffered its biggest 1H drop since its creation in 1990. At same time, 10-year U.S. Treasury bonds - the benchmark of global borrowing markets and traditional go-to asset in troubled times - have had their worst first half since 1788. Why? Russia's invasion of Ukraine supercharged what was already fast-rising inflation, forcing the big central banks to jack up interest rates and politicians to warn of new world orders. The result? A $13 trillion wipeout in world stocks, a 15.5% plunge Japan's yen, Italy's worst rout since the euro zone crisis, and what is shaping up to be the strongest commodities rally since World War I. Add to that Russia being gouged out the … [Read more...] about Markets in 1H: The almost perfect storm