(MENAFN - AFP) Russian oil major Rosneft, hit by US sanctions over Moscow's role in the Ukraine crisis, said Monday it had to abandon plans to purchase the oil trading business of US bank Morgan Stanley after failing to win regulatory approval.
The December 2013 deal for an undisclosed amount covered Morgan Stanley's Global Oil Merchanting business that included agreements ...
(MENAFN - AFP) Airbus delivered its first next-generation A350-900 plane to Qatar Airways Monday in a formal ceremony that kickstarts its bid to erode rival Boeing's dominance in the lucrative long-haul market.
The Doha-based company, owned by the energy-rich Gulf state, has ordered 80 of the planes, making it not only the launch customer but also the largest single customer ...
(MENAFN - AFP) Russia announced plans Monday to limit grain exports in a bid to stem a spike in prices at home set off by the collapse of the ruble that threatens to hit the politically-sensitive cost of bread during the holidays.
The government said the customs barrier on exports was to ensure its own food security as the currency crisis bites.
(MENAFN - AFP) The construction of Nicaragua's controversial $50-billion canal linking the Pacific Ocean and the Caribbean begins Monday, with workers breaking ground on the secretive project that is opposed by some farmers and native peoples.
President Daniel Ortega and Chinese-firm HKND are scheduled to inaugurate the canal in a ceremony in the capital Managua.
(MENAFN - AFP) Russia's central bank said Monday it had placed the troubled Trust Bank under supervision and would bail it out with 30 billion rubles (430 million euros, $525 million) to avoid bankruptcy.
It did not say if the problems of the lender, whose products are advertised by Hollywood actor Bruce Willis, were linked to the fall of the ruble, which has weakened Russia's ...