Saturday, December 9th, 2017

 

Iraq and Iran sign Kirkuk oil export contract, says Iraqi oil official

DUBAI, Dec 9 — Iraq has signed an agreement with Iran to export crude oil from its Kirkuk oilfield with a rate of between 30,000 and 60,000 barrels per day, an Iraqi oil official said today. Iraq plans to double its production from oilfields…


Vietnam to sell stakes in refinery, power firm

HANOI, Dec 9 — Vietnam’s government hopes to raise at least US$297 million (RM1.22 million) by selling a 20 per cent stake in Petrovietnam Power Corporation and at least US$155 million by selling 7.79 per cent of the Binh Son Refining and…


Vietnam orders prosecution of two more ex oil executives

HANOI, Dec 9 — Two more former officials at Vietnam’s scandal-hit state energy firm PetroVietnam will be prosecuted over financial losses incurred while they were in office, the government website said today. PetroVietnam is at the heart of…


Sri Lanka hands over debt-laden port to Chinese owner

COLOMBO, Dec 9 — Sri Lanka today handed over a deep-sea port to a Chinese firm, in a deal agreed to boost the cash-strapped island’s finances that has raised concerns at home and abroad over Beijing’s growing influence.  The US$1.12…


Britons can change terms of Brexit to diverge from EU, says pro-Brexit minister Gove

LONDON, Dec 9 — British voters will be able to change the terms of the country’s relationship with the European Union after leaving the bloc if they don’t like the final Brexit deal, senior cabinet minister and pro-Brexit lawmaker Michael…


Bitcoin futures trading brings crypto into mainstream finance

NEW YORK, Dec 9 — The intersection of digital money and traditional finance is at 400 South LaSalle Street in Chicago this weekend. That’s where trading in bitcoin futures opens tomorrow evening, as the first major US exchange offers a product…


Japan to revise up growth forecasts, says Nikkei

TOKYO, Dec 9 — Japan is expected to revise up its economic growth forecasts for the current and next fiscal years, the Nikkei newspaper reported today, helping Prime Minister Shinzo Abe to make the case his stimulus policies are working. Data…


Trump’s trade chief gets his chance to confront WTO nemesis

GENEVA, Dec 9 — After railing against the World Trade Organization for years, US President Donald Trump’s trade chief will get a chance to stare down his WTO counterparts over Trump’s “America First” trade agenda. The question is…


Under-fire WTO meets in Buenos Aires

BUENOS AIRES, Dec 9 — Under fire from the United States, wracked by disagreements over China and unable to kickstart stalled trade talks, the World Trade Organization meets under a cloud in Argentina from tomorrow. The Buenos Aires meeting…


G25 urges full disclosure on 1MDB to restore economic confidence

KUALA LUMPUR (Dec 9): G25, a grouping of Malaysian elite intellectuals, is urging the government to disclose a full transparent report on 1Malaysia Development Bhd…