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- Barrons.com•6 hours ago
The Philippines' president, Rodrigo Duterte, reversed his call for "separation" from America, announced hours earlier in China, saying he cannot cut U.S. "diplomatic relations." Duterte made the anti-U.S. comments in China with some 400 Filipino business leaders listening in, and then stepped back from them once safely back in the Philippines. Here's the language, from Reuters: "On Thursday, Duterte had told Chinese and Philippine business people at a forum in Beijing's Great Hall of the People that America had "lost now," as he sought what he calls a new commercial alliance with China. ... Duterte struck a more conciliatory tone as he arrived back in the Philippines after a four-day visit to Beijing. When you say severance of ties, you cut diplomatic relations.
- Barrons.com•11 hours ago
The head of Russia's state-owned oil giant Rosneft says the country's oil production could "substantially increase." The question of course is will Russia produce more oil in the near term, and put pressure on oil prices. OPEC has indicated it will curb oil production among members at its late November meeting. The international Brent oil price was fractionally higher at $51.57 per barrel Friday, and The United States Oil Fund (USO) was flat.