ECONOMY

Senegal Not Giving Up On Oil And Gas

Senegalese fishermen say they are being excluded from the future planned out by the state
It has been hailed as a new economic beginning in developing Africa, and condemned as a new source of pollution in a world suffocating from global warming.
More news
G7 leaders summit

G7 Reaffirms Warning Against Excess FX Volatility

Finance leaders of the Group of Seven (G7) advanced economies said on Wednesday they will closely monitor "recent volatility" in markets, and reaffirmed their commitment that excessive exchange-rate moves were undesirable.
Illustration picture of Japanese yen banknotes

Fragile Yen Tests 1998 Low, Sterling Cautiously Steady

The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying programme.
Helen Wong, Group CEO of OCBC Bank poses for a portrait during an interview with Reuters in Singapore

Singapore's OCBC Scouting For Indonesian Acquisitions - CEO

Singapore-based Oversea-Chinese Banking Corp Ltd is hunting for acquisitions in Indonesia to speed up its growth, aiming to leverage a strong capital buffer built up in recent years, the head of Southeast Asia's second-biggest bank said.
A model of a pipe line is seen at the main entrance to the Gomel Transneft oil pumping station

Druzhba Pipeline Leak Reduces Russian Oil Flows To Germany

Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said was probably caused by an accident rather than sabotage.
A view shows oil terminal Kozmino near Nakhodka

Oil Gains On Tight Supply, But Dollar Weighs

Oil futures recouped some losses on Wednesday, recovering from a 2% slide in the previous session, supported by supply concerns stemming from last week's OPEC+ cut to its production target, though a stronger dollar weighed on sentiment.

Pages