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BREAKING: Marc Rowan, the billionaire cofounder & CEO of Apollo Global Management, has emerged as a top contender to be Donald Trump’s Treasury Secretary
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In the last week, the price of crude oil exported by Russia has hit a three month high. And Russia isn’t the only country drifting away from the petrodollar.
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In January, Saudi Arabia’s Finance Minister began discussions on behalf of the country to trade in currencies other than the US dollar. He suggested the euro and Saudi riyal as alternatives.
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The situation leaves the UK geared toward more old-fashioned stocks, like banks and natural resources, while other exchanges are successfully attracting high-growth companies. That’s not a tea party anyone wants to be left at.
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