OPEC and allies extend oil supply cut in bid to boost prices
OPEC and its allies led by Russia agreed to extend oil output cuts until March 2020 on Tuesday, seeking to prop up the price of crude as the global economy weakens and U.S. production soars.
Credit Suisse wealth boss Khan quits in latest Thiam-era exit
Credit Suisse wealth management boss Iqbal Khan is leaving Switzerland’s second-largest bank in the latest high-level departure under its chief executive Tidjane Thiam.
Bulgaria’s Borissov says hopes for deal in EU top job summit fight
Prime Minister Boyko Borrisov said disagreement over the EU’s top jobs had pitted nations against each other but that he hoped that EU leaders would find a way to unite behind a deal at a third day of talks on Tuesday.
Oil dips on demand worries despite OPEC cut extension
Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by producer club OPEC on Monday to extend supply cuts until next March.
EU leaders enter third day of summit to carve up top posts
The European Union’s leaders gathered on Tuesday for a third consecutive day of arm-wrestling over the 28-nation bloc’s key posts, with little sign that fundamental differences had narrowed.
Dutch PM Rutte hopes agreement will be reached on top EU jobs
Dutch Prime Minister Mark Rutte on Tuesday said he hoped EU leaders would reach a decision on filling the bloc’s top posts, but declined to speculate about the chances of Dutchmen Frans Timmermans becoming the next European Commission president.
Spain’s Sanchez sticks by Timmmermans-Weber EU top jobs proposal
Spanish Prime Minister Pedro Sanchez stuck firm to a proposed deal to install Dutchman Frans Timmermans as head of the European Union’s executive on arrival on Tuesday for talks with other EU leaders on the bloc’s top jobs.
Italy PM Conte says he would prefer a woman as head of EU executive
Italy’s Prime Minister Giuseppe Conte said on Tuesday he would prefer a woman as president of the next European Commission, as EU leaders meet for a third consecutive day to end a stalemate over the appointment of top figures in the bloc.
We all need to compromise to get deal on new EU bosses: Merkel
Everyone will have to make compromises if an agreement is to be reached on how to parcel out top jobs in the European Union, German Chancellor Angela Merkel said upon arriving for the third day of a Brussels summit.
Luxembourg’s Bettel sees breakthrough at EU top jobs summit
Luxembourg’s liberal Prime Minister Xavier Bettel said he was convinced that there would be a breakthrough in talks among EU leaders on the bloc’s top jobs on Tuesday, saying he hoped for the largest consensus possible.
