Exclusive: Russia clashes with Western oil buyers over new deals as sanctions loom
Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.
Carmakers lure ride-hailer, delivery drivers in Africa
At Suzuki Motor Corp’s showroom in the Kenyan capital, hundreds of its Alto compact cars are waiting to be collected.
Exclusive: Agribusiness giant ADM made buyout approach to Argentina’s
Top U.S. grain merchant Archer Daniels Midland Co has approached Argentine soy crusher Molinos Agro about buying the company’s livestock feed and soyoil manufacturing plant, and talks may continue, three sources said.
AirAsia X considers switching part of Airbus order to narrowbody jets: CEO
AirAsia X Bhd , which has yet to firm up a tentative order for 34 Airbus A330neo widebody jets placed in July, is considering switching some of them to narrowbody A321neos, the CEO of its Malaysian arm said on Friday.
Asia stocks pull back from one-month high as Fed tempers rally
Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered a global equities rally.
Asia stocks sag as Fed tempers Wall St. rally, dollar firm
Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month.
U.S., Mexico, Canada ministers to sign trade pact Nov. 30, official says
Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov. 30, Mexico’s economy minister said on Thursday.
Oil prices down 20 percent in a month as fundamentals weaken
Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20 percent since early October.
U.S. sues UBS, alleges crisis-era mortgage securities fraud
The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG , Switzerland’s largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008-09 global financial crisis.
Asia stocks sag as Fed tempers Wall Street rally, dollar firm
Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month.
