NEW YORK, Nov 9- A Modigliani nude painting was sold to an unnamed Chinese buyer at Christie's on Monday for $170.4 million, the second-highest price ever for a work of art at auction, as deep-pocketed collectors continue to pay, and pay big, for some rare masterpieces up for sale in this year's autumn auctions season. In a packed salesroom marked by deliberate but...
GERMAN PROSECUTOR SAYS INVESTIGATION OF WINTERKORN IS PRELIMINARY, NOT FORMAL.
GERMAN PROSECUTOR SAYS WISHES TO CLARIFY IT HAS NO EVIDENCE OF WRONGDOING BY FORMER VOLKSWAGEN CEO WINTERKORN.
Jay Vincze, international director and head of department, said the results showed the super rich were still keen to buy art after two weeks of sales in New York in May brought in well over $2 billion at Christie's and rival Sotheby's. Buyers routinely remained anonymous but Vincze said they came from across 32 countries, with Asia still strong and combining with...
ATHENS/ BERLIN, June 15- Greece's government denied a German newspaper report on a euro zone plan that involves Athens imposing capital controls this weekend if it fails to reach a deal with creditors this week, a government official told Reuters on Monday. The newspaper said "it became known in Berlin and Brussels" that Greece's international creditors wanted...
SIDI RACHED, Algeria, June 8- At Ahmed Bekhi's cereal farm outside Algiers, there are clear signs of Algeria's campaign to increase food production to help curb billions of dollars in imports and offset a sharp fall in world oil prices. OPEC member Algeria is still highly dependent on energy revenues that supply 95 percent of its exports and 60 percent of the state...
As oil prices have fallen, currencies of developing countries that rely heavily on exports have been sliding.
Joe Magyer, Senior Analyst at The Motley Fool, describes the reaction of emerging market assets to plunging oil prices.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.
Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.
Authorities have found the wreckage of an Air Algerie jet after it crashed in Mali carrying 116 people en route from Burkina Faso to Algeria.
Disruption from the Russia-Ukraine conflict is not the only threat to Europe's energy supplies—there's also Algeria.
Thanks to social media women all over the Middle East are finding ways to help one another start businesses. It's a movement that is about more than economics.
OPEC oil exporters agreed on Friday to leave output policy unchanged on Friday as oil held around the group's preferred level of $100 a barrel.
Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.
Torgrim Reitan, CFO of Statoil, tells CNBC that earnings and production are growing significantly and 2012 was the best exploration year for the company since 1997.
Majid Jafar, CEO of Crescent Petroleum, tells CNBC that a general sense of instability post the Arab Spring has already been factored in to the oil price but there has been no direct impact from the Algerian hostage attack.
A consortium that deals with security issues is warning about possible threats to oil installations in Libya.