Russia’s Oil Flows Surge to New High Despite Planned Output Cut
Shipments topped 4 million barrels a day for the first time in the week to March 31.
Shipments topped 4 million barrels a day for the first time in the week to March 31.
Funds investing in commercial property pose a threat to financial stability after growing significantly over the last decade, according to the European Central Bank.
HSBC Holdings Plc’s senior executives faced off with its large Hong Kong investor base, pledging to keep up dividend payments while they fended off calls from some local shareholders to split up the global lender.
Finland’s Sanna Marin is set to lose her position as prime minister following an election upset, underscoring how her star power wasn’t enough to offset concerns over a bloated budget and other domestic issues.
Thai Prime Minister Prayuth Chan-Ocha appealed to voters to back his bid to retain power as the Southeast Asian nation kicked off the election process with candidates registering to contest next month’s poll.
Kenya’s foreign-exchange reserves plunged the most in at least 13 years in the three months through March as rising costs for imports drained dollars from the central bank.
A trio of City of London firms has warned of weak investment banking revenues, as moribund capital markets continue to weigh on business in the Square Mile.
South Africa’s main opposition party said it will seek a pact with like-minded rivals to secure a majority in next year’s elections in order to sideline the ruling African National Congress and the radical Economic Freedom Fighters.
Five years after the US Navy’s costliest warship was crippled by flawed engine gears, prime contractor HII says it may be close to resolving a claim against subcontractor General Electric Co. over who will pay for fixing the defect.
Swedish single-family homes extended a housing rout in the largest Nordic nation last month, with stubbornly high inflation and growing borrowing costs clouding the outlook.