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OPEC announces big cut in oil production

OPEC+ said on Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the Covid-19 pandemic, media reports said.

JPMorgan declines to include India in widely-followed bond index

JPMorgan has declined to include India in a widely-followed bond index until at least next year after investors raised concerns about the domestic markets ability to handle the large volume of capital inflows expected to follow the move, a media report said.