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"Developments Can't Be Ignored" As Brent Tumbles On Iran Talks, Saudi Pipeline Restart Hopes: UBS
"Developments Can't Be Ignored" As Brent Tumbles On Iran Talks, Saudi Pipeline Restart Hopes: UBS
Brent crude slipped below $99 a barrel, falling as low as $97.77 in the overnight hours, as renewed US-Iran diplomacy and prospects for restored Saudi oil exports eased supply concerns. But as Goldman Sachs energy experts warned on Tuesday, the global refining nightmare will persist through next year.
The benchmark has slipped nearly 11% since mid-month after topping out around $109.65. Reports this week of a partial restart of Saudi Arabia's East-West pipeline and Asian buyers...
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Russia Seizes Assets Of Swiss Food Giant Nestle
Russia Seizes Assets Of Swiss Food Giant Nestle
Russian authorities seized the remaining businesses and assets of Swiss food giant Nestle and three French groups, the latest move against Western firms in response to sanctions against Moscow.
A decree signed by President Vladimir Putin issued late Thursday transferred the Russian operations of Nestle, French retailer Auchan and the former Leroy Merlin DIY chain, now known as Lemana Pro, to a company called LEV Management. The decree also covers the Russian subsidiaries of French logistics group FM Logistic, France24 reported.
Investigative outlet Novaya Gazeta Europe reported...
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