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Friday 9 May 2025

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Context on Markets
News OPEC agrees modest oil output curbs in first deal since 2008

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • September 29, 2016
News OPEC reaches first deal to cut oil output since 2008 - sources

OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • September 28, 2016
News Britain promises Brexit will not create legal vacuum at WTO

Britain's trade minister promised on Tuesday its departure from the European Union would not create a legal vacuum at the World Trade Organization, and said Britain was determined to champion free trade.

  • September 27, 2016
News OPEC set for no deal as Iran rejects Saudi oil output offer

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

  • September 27, 2016
News Anti-Brexit group challenges UK government over Article 50 disclosure

A group opposed to Britain's exit from the European Union has accused the government of refusing to allow it to make public the official justification for triggering Article 50 to start the Brexit process without a parliamentary vote.

  • September 24, 2016
News German economy minister to discuss EU sanctions and Syria with Putin

German Economy Minister Sigmar Gabriel said on Wednesday as he headed to trade talks with Russian President Vladimir Putin that he favored lifting EU sanctions on Moscow but that would require progress on peace in Ukraine.

  • September 21, 2016
News Exclusive: How EU firms skirt sanctions to do business in Crimea

Products for sale in the Crimean stores of two European retailers are being shipped there from Russia via a ferry and port that are subject to EU sanctions, people involved in the transportation said, suggesting companies are finding ways around the punitive economic regime facing Moscow since 2014.

  • September 21, 2016
News Putin-backed party on course to win more than half of vote in parliament election

The United Russia party backed by President Vladimir Putin has won 54.2 percent of the vote in a parliamentary election, based on the 90 percent of ballots counted by Monday morning, data from the election commission showed.

  • September 19, 2016
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