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Oil climbs as Venezuela sees output deal, Libya suffers clashes

Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilize oil markets, which have come under pressure due to a persistent glut and a …

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All Hanjin Shipping chartered vessels to be returned to owners after unloading: judge

All Hanjin Shipping Co Ltd chartered vessels that have completed unloading their cargo have been told to cancel their charter agreements and return the ships to the shipowners, a South Korean judge said on Monday. Some vessels have also been seized and some sold. The company had a total of 141 vessels, including 97 container ships as of early September.

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All Hanjin Shipping chartered vessels to be returned to owners after unloading: judge

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Exclusive: Google may face Indonesia tax bill of over $400 million for 2015 – government official

By Gayatri Suroyo and Eveline Danubrata JAKARTA (Reuters) – Indonesia plans to pursue Alphabet Inc's Google for five years of back taxes, and the search giant could face a bill of more …

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Exclusive: Google may face Indonesia tax bill of over $400 million for 2015 – government official

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Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources

By Arno Schuetze and Denny Thomas FRANKFURT/HONG KONG (Reuters) – British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters. BP has hired an investment bank to sell its shareholding in SECCO as part of a drive to cash out of businesses where it lacks control, the people added. A successful deal would mark BP's first significant exit …

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Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources

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China’s slowing wholesale deflation takes pressure off central bank

By Elias Glenn and Yawen Chen BEIJING (Reuters) – China's factory price deflation moderated further in July, with prices falling at their slowest pace in two years, taking pressure off the central bank to cut rates as policymakers turn their focus to structural reforms and ballooning credit. A government-led building spree has increased demand for construction materials, but higher prices are also due in part to speculation in China's commodities futures market, which has pushed up Shanghai rebar futures up by 50 percent this year. …

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China’s slowing wholesale deflation takes pressure off central bank

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Asia shares up as yield hunt drives record flows, pound slips

Asian shares stood atop one-year peaks on Tuesday as a global search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts at Bank of America…

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Asia shares up as yield hunt drives record flows, pound slips

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EU charges Google with abusing market dominance of Android

Google found itself under fire again on Wednesday from EU antitrust regulators who say it abused the dominant position of its Android mobile operating system, a move which could hit a key money-spinner for the company. Google is already facing EU charges of promoting its own shopping service in Internet searches at the expense of rival products, a case which has dragged on since…

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EU charges Google with abusing market dominance of Android