ministry

U.S. banks need better defenses against rates shock, regulators warn

Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning. The dynamic “raises …

See the rest here: 
U.S. banks need better defenses against rates shock, regulators warn

ministry

Russia’s Rosneft stake valued at over $11 billion for privatization: source

LONDON/MOSCOW (Reuters) – Russia could fetch over $11 billion in privatizing oil firm Rosneft but needs to guarantee stable tax regime ahead and during the sale, an industry source said citing documents submitted to the Russian government. The documents were submitted this week by Rosneftegas, which owns control in …

View original post here:
Russia’s Rosneft stake valued at over $11 billion for privatization: source

ministry

OPEC stands aloof of oil price regulation: Russian energy minister

MOSCOW (Reuters) – Decision-making within the OPEC has become more complicated and since 2008 the international oil cartel has taken no action to regulate the global oil market, Russian Energy Minister Alexander Novak said on Wednesday. Novak, in remarks at an energy forum, said he

View post:
OPEC stands aloof of oil price regulation: Russian energy minister

ministry

Shareholder group fights pay package for Baer’s Collardi, again

Julius Baer Chief Executive Officer Boris Collardi's 6.16 million-Swiss franc ($6.44 million) pay package has hit resistance, with a shareholder group announcing it will oppose the compensation at the April 13 annual general meeting. Actares, also known as Association of Shareholders for Sustainable Business, published its recommendation against Collardi's 2015 pay on its website on Friday. Collardi's compensation has been an issue before, when in April 2013 nearly two-thirds of shareholders voted against the

Read the original:
Shareholder group fights pay package for Baer’s Collardi, again

ministry

Russian oil output highest in 30 years ahead of Doha meeting

By Vladimir Soldatkin MOSCOW (Reuters) – Russia's oil production rose 0.3 percent to 10.91 million barrels per day in March, its highest level in nearly 30 years, raising questions over Moscow's commitment to freeze output ahead of a producers' meeting in Doha later in April. Energy Ministry data on Saturday showed that in tonnes, oil output reached 46.149 million in March versus 43.064 million, or 10.88 million bpd, in February. …

Originally posted here: 
Russian oil output highest in 30 years ahead of Doha meeting

ministry

China says EU should take steel dumping claims to WTO

China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry's website on Saturday. The EC is set to impose provisional duties later this month of up …

View post: 
China says EU should take steel dumping claims to WTO

ministry

Oil retreats after rising on hopes of Russia, OPEC cooperation

Crude oil futures fell around 1 percent in Asian trading on Thursday, eroding gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply. Falls were curbed by a weaker dollar following the Federal Reserve's decision to keep its overnight interest rate unchanged and the release of a statement suggesting concern…

Original post: 
Oil retreats after rising on hopes of Russia, OPEC cooperation