Russia will use Syrian seaports to export wheat to the Middle East – official

Deputy Prime Minister Dmitry Rogozin said Russia wants to use Syrian ports to ship grain to Syria and neighboring countries. “Syrian ports are ideal for exports of Russian wheat not only to Syria, but via...

Qatar’s Energy Minister Says Oil Prices Have Bottomed Out

Global oil prices have bottomed out, with signs of a recovery seen in 2016, Qatar’s Energy Minister Mohammed Al Sada said. Growth in non-OPEC crude oil supply slowed “substantially” this year and is likely to remain...

China’s ZTE delays annual results after U.S. restrictions

China's ZTE Corp (0763.HK)(000063.SZ) said it will delay the publication of its annual results because it needs to assess the impact of tough U.S. export restrictions imposed on the telecom equipment maker last week. The...

Honda to end production of Civic models at Turkey plant in 2021

Japanese carmaker giant Honda has announced that it will cease the production of Civic sedan model vehicles at its Turkey plant while closing the Swindon factory in the U.K. as part of its plans to restructure its global...

Chevron cutting up to 7,000 jobs; profit falls to $2 billion

Chevron Corp. is cutting up to 7,000 jobs, or 11 percent of its work force, as it deals with lower oil prices that are cutting deeply into profit. The company said that it would cut...

Data shows U.S. economy strengthening on eve of Trump presidency

By Lucia Mutikani | WASHINGTON New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in...

Nestle plan hailed as only the start of Schneider’s shake-up

By Silke Koltrowitz and Maiya Keidan | ZURICH/LONDON Nestle's (NESN.S) plan to shore up its capital structure, announced only days after being thrust into the spotlight by activist shareholder Third Point, was received by investors...

EU preparing for ‘state of emergency’ after Greek talks collapse

By George Georgiopoulos and Andreas Rinke Germany's EU commissioner said on Monday it was time to prepare for a "state of emergency" after talks collapsed at the weekend to rescue Greece from default and ejection...

India likely to ignore Washington’s call to stop buying Iranian crude oil

India doesn’t recognize unilateral sanctions, so the country is unlikely to comply with the US demand to halt oil imports from Iran, according to India’s top oil official. On Tuesday, a senior State Department official...

Wal-Mart resists investor pressure on independent chairman

By Nathan Layne and Ross Kerber Even as Wal-Mart Stores Inc showed unusual openness to outsiders' complaints by taking steps including raising wages, it has been trying to slam the door on a shareholder proposal...

British economy to cool due to Brexit uncertainty – Moody’s

International rating agency Moody’s has warned the UK economy will slow significantly this year, with growth prospects "materially weaker" if a trade deal allowing access to the EU market is not reached. The agency...

Yen, bonds, gold all gain at dollar’s expense, stocks sag

By Wayne Cole Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars on bets the Federal Reserve could be done...

Ukraine begins seizure of Russian energy giant Gazprom’s assets, citing Stockholm court decision

The Ukrainian authorities have started the seizure of assets belonging to the Russian gas giant Gazprom, citing its alleged non-compliance with the decision of the Stockholm arbitration court. “Under the current circumstances, the Ukrainian cabinet...

More Mega-Ships Are a Big Problem for Cargo Carriers

By Kyunghee Park A container ship waits to unload cargo at the Port of Los Angeles. Container shipping companies are bracing for a challenging year -- they will have more space available for carrying goods than...

China Media Warn New Greek Government over Port

New Greek Prime Minister Alexis Tsipras is in a similar position to Phaeton, the Greek mythological figure given the reins of the sun only to lose control and nearly destroy the earth, Chinese media...

Egypt Interested in Replacing Turkish Goods on Russian Market

Cairo asked Moscow to provide it with a list of goods recently prohibited or restricted for import to Russia from Turkey to replace them Egyptian goods, Egypt's Ministry of Industry and Foreign Trade said...

Global stocks boosted by M&A pipeline, Fed outlook

By Jamie McGeever (Reuters) - Global stocks rose on Tuesday, as many European bourses re-opening after the Easter break took on the positive tone set by U.S. markets overnight, with sentiment boosted by a potential...

Bitcoin tops $10k, marks 10-fold rise in 2017

The value of the cryptocurrency known as bitcoin has soared to an all-time high of above $10,000 on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp. In the early...

Qatar to Drill in World’s Biggest Gas Field After 12-Year Freeze

by  Mohammed Sergie Qatar Petroleum plans to start a new development in the offshore North Field, ending a 12-year ban on new projects that allowed the company to assess how its current rate of extraction affects...

Takata shares untraded with heavy sell orders, KSS seen backing restructuring

Shares in Japan's Takata Corp (7312.T) were untraded with a glut of sell orders on Monday after sources said the struggling air bag maker had selected Key Safety Systems (KSS) as the final bidder...