Venezuela In Freefall – An Interview With Francisco Monaldi

By Nick Cunningham The dramatic fall in Venezuela’s oil production has surprised many analysts, and has helped to tighten the oil market more than expected. The country’s economic outlook is grim, and the debate over what...

U.S. Sanctions On Venezuela Hold Up Aruba Refinery Renovations

By Zainab Calcuttawala The effects of U.S. sanctions on Venezuela’s economy have caused disruptions in planned upgrades for a key refinery in Aruba. Now the island’s government has reached out to the State Department to figure...

Germany confirms 2017 surplus and GDP growth

Germany's statistics office has said the German state last year logged the highest annual surplus since the country reunited in 1990. The result came on the back of record-low unemployment and low interest rates. The...

‘Crystal corridor’ on top of Chinese skyscrapers will blow your mind

Another architectural marvel is set to appear in China with the construction of a 300-meter long corridor connecting four skyscrapers in Chongqing Raffles City. The 250-meter-high “crystal corridor” will be located at Chongqing's busiest port...

Angry Birds game-maker hit by worst stock sell-off since going public

Shares in Rovio Entertainment, best known for creating the ‘Angry Birds’ franchise, have plummeted. The dive wiped more than a third off the company’s stock price, after reporting lower-than-expected profits for 2018. The stock dropped...

Russian diesel locomotives arrive in Cuba

A second batch of Russian locomotives, comprising eight vehicles, has arrived in the port of Havana this week, according to the head of the Russian engineering company Sinara Transport Machines (STM). Gennady Dotsenko told TASS...

Cryptocurrencies: High risk, high profit — but can you spend it?

The volatility in the digital currency market makes it a tricky investment. And even if you garner a profit, you may struggle to get your hands on your money. “For any investor, the main question...

Turkmenistan says work has started on Afghan section of gas pipeline to Pakistan, India

Reuters SERHETABAT: Turkmenistan on Friday announced the start of construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation to Pakistan and India. Ex-Soviet Turkmenistan...

Egypt Resolving Dispute Holding Up $15 Billion Israel Gas Deal

By Abdel Latif Wahba Tamar, seen here, and Leviathan are among the biggest natural gas finds in recent years and have provided Israel with enough fuel for decades of energy self-sufficiency and export. Source:...

U.S. Oil Boom Tempts Saudis to Consider American Crude Sale

By Serene Cheong The kingdom’s state oil firm considered the possibility of sending American crude to Asia in February via a U.S. unit before determining it wasn’t economically viable, according to a person with...

Confidence in Turkey’s services, retail trade and construction sectors down in February: TÜİK

Confidence in Turkey’s services, retail trade and construction sectors dropped in February compared to the previous month, the Turkish Statistical Institute (TÜİK) announced on Feb. 22. The services sector index fell 1.3 percent to 100.7...

Oil weighed by U.S. crude exports; lower crude stocks prevent bigger fall

Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped on Friday as high U.S. crude exports outweighed lower crude inventories in the world’s biggest consumer of the fuel. U.S. West Texas Intermediate (WTI) crude futures were at...

China January trade with North Korea falls to lowest since at least June 2014

Reuters Staff BEIJING (Reuters) - China’s January trade with North Korea fell to the lowest level since at least June 2014, the latest sign that China has kept up pressure on its isolated neighbor in...

Exclusive: As Trump trashes NAFTA, Mexico turns to Brazilian corn

P.J. Huffstutter, Adriana Barrera CHICAGO/MEXICO CITY (Reuters) - Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top...

Kylie Jenner ‘sooo over’ Snapchat – and Wall Street panics

By Russell Hotten Business reporter Reality TV star Kylie Jenner wiped $1.3bn (£1bn) off Snap's stock market value after tweeting that she no longer used its Snapchat messaging app. Celebrity Kim Kardashian's half-sister posted: "sooo does...

Asia shares rebound as fidgety U.S. rate fears ebb again

Swati Pandey SYDNEY (Reuters) - Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the safe-haven yen held on to its...

Stocks rise as rate hike jitters subside

By Matthew Rocco Stocks posted gains Thursday after investors put aside concerns that the Federal Reserve will accelerate its timeline for lifting interest rates. The Dow Jones Industrial Average surged 164.70 points, or 0.66%, to 24,962.48....

Egypt becomes biggest market for Russian goods

Statistics from the Russian Export Center shows that Egypt has outpaced China as the largest buyer of Russian products. In 2017, the country imported Russian goods worth almost $1.8 billion - up 44 percent...

Soros investing more money to fight Big Tech ‘menace’

After successfully launching the ‘petro,’ Venezuela is now on its way to becoming the world’s first country with two national cryptocurrencies, reports TV news network Globovision. The channel quotes Venezuela’s President Nicolas Maduro, who made the announcement...

Caracas going crypto-crazy: Venezuela set to launch second digital currency

After successfully launching the ‘petro,’ Venezuela is now on its way to becoming the world’s first country with two national cryptocurrencies, reports TV news network Globovision. The channel quotes Venezuela’s President Nicolas Maduro, who made the announcement...