18th October 2016
Iran’s October crude and condensate exports are set to hold near five-year highs hit in September, a source with knowledge of its preliminary tanker schedule said, reflecting Tehran’s success in boosting shipments after Western sanctions were lifted. The No. 3 OPEC producer is producing around 4.5 million barrels per day… Read More
17th October 2016
The Hong Kong-listed owner of English football club Birmingham City lost nearly a third of its value on Monday as the stock resumed trading after a near two-year suspension over a financial scandal that saw ex-chairman Carson Yeung jailed. Shares in Birmingham International Holdings Ltd skidded as much as 45… Read More
17th October 2016
The world’s largest emerging markets must double trade between their countries in the next four years and unite to fight terrorist threats that hurt economic prosperity, Indian Prime Minister Narendra Modi said. Noting intra-BRICS trade was $250 billion, Modi said: “We should set ourselves a target to double this number… Read More
17th October 2016
The $12.9 billion sale of India’s Essar Oil to a group led by Russia’s Rosneft does not run foul of U.S. sanctions imposed against the majority state-owned Russian energy firm, parent Essar Group’s CEO said on Sunday. The sale, which was signed on Saturday. It is the biggest foreign acquisition… Read More
11th October 2016
China appears to have pushed back on a U.S. bid to close a U.N. loophole that allows North Korea to export coal for “livelihood purposes,” saying the well-being of North Koreans is a priority in negotiations on possible new U.N. sanctions on Pyongyang. Since North Korea’s fifth and largest nuclear… Read More
10th October 2016
A Former UBS trader is pushing the financial watchdog to reveal the details of its investigation into the bank during the Libor scandal, in a bid to have his ban from the City reversed. Arif Hussein is due to argue in the Royal Courts of Justice on Monday that the Financial… Read More
10th October 2016
MySQUAR said its financial outlook has improved after the US formally ended its sanctions against Myanmar on Friday. The Myanmar-language social media, entertainment and payments platform noted that the US has ended a declared “National Emergency” categorisation which had been in place since 1997, resulting in sanctions which were… Read More
7th October 2016
Robert Waterman, of Vicarage Lane, Chigwell, was investigated by HM Revenue and Customs (HMRC) who found he had created a fake trade in computer memory sticks to fraudulently claim £4,757,858 in VAT repayments between April 2013 and March 2015. Waterman used the proceeds from his fraud to buy a £1.15m… Read More
6th October 2016
Iran’s state-owned oil company sold condensate to BP Plc for the first time since sanctions were lifted in January, marking the country’s re-emergence as one of the world’s top suppliers of crude oil and natural gas liquids. National Iranian Oil Co. will supply South Pars condensate to BP for loading… Read More
5th October 2016
The International Monetary Fund (IMF) has recommended that Ukraine should enable the National Securities and Stock Market Commission (NSSMC) to conduct audits of any legal entity or individual to determine compliance with securities laws, demand and have access to information such as banking secrecy, and investigate violations on the capital… Read More