Wires

  • ATHENS, Greece— Greece's Parliament has passed a budget of continued austerity as mandated by the country's creditors, but which forecasts robust growth for 2017.. Prime Minister Alexis Tsipras says it will mark Greece's "final exit" from its nearly decade-long financial crisis. The budget adds more than 1 billion euros in new taxes, mostly indirect taxes on...

  • MOSCOW, Dec 10- Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said. The privatization deal, which Rosneft Chief Executive Igor Sechin called the largest in Russia's history, was announced by Rosneft...

  • MOSCOW— Russia's Rosneft oil company said Saturday that commodities company Glencore and Qatar's sovereign wealth fund will invest $3 billion of their own funds to acquire a 19.5 percent stake in Rosneft. The Kremlin described the privatization of Rosneft as part of efforts to unload some state assets to help balance its budget amid a two-year recession...

  • MOSCOW, Dec 10- Russian state holding company Rosneftegaz has signed a deal with the Qatar Investment Authority and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said on Saturday. Its success suggests the lure of taking a share in one of the world's biggest oil companies outweighs the risks associated with...

  • Navy spokesman Akram Alavi said navy troops entered the Hambantota port from the sea Saturday using navy boats and "fired some warning shots to disperse the crowd," considering their action an "act of piracy." Temporary workers at Hambantota port have been engaged in a strike since Tuesday, demanding to be made permanent employees of the state-run Sri Lanka Ports...

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • GEORGETOWN, Guyana— Officials in Guyana say the South American nation will post record gold production this year. Natural Resources Minister Raphael Trotman says production has surged 22 percent over last year to nearly 700,000 troy ounces. About 270,000 troy ounces are produced by Canadian miner Guyana Goldfields and Australia's Troy Resources.

  • BOGOTA, Colombia— Venezuela's socialist government has seized nearly 4 million toys from a private company and says it intends to hand them out as Christmas gifts to poor children this holiday season. The country's fair pricing authority seized the toys from three warehouses run by Kreisel, Venezuela's largest toy distributor, on Friday.

  • VIENNA— OPEC has persuaded 11 non-members to cut oil production, a move aimed at draining a worldwide oil glut and boosting low prices that have squeezed government finances in Russia and Saudi Arabia. The announcement came after OPEC member states met with Russia and other non- OPEC countries in Vienna for talks. The 11 non- OPEC countries taking part in the...

  • BERLIN, Dec 10- European Central Bank policymaker Jens Weidmann has said state involvement in the rescue of Italian banks can't be ruled out, piling further pressure on the Rome government to bail out Monte dei Paschi di Siena. Weidmann, the hawkish president of Germany's Bundesbank, did not mention Monte dei Paschi di Siena, Italy's third-largest bank and the...

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • VIENNA— Qatar energy minister: Non-OPEC countries agree to cut oil production by 558,000 barrels per day.

  • General Motors plans to recall nearly 50,000 sport utility vehicles made for police departments and other government agencies because of a hazard in the cooling system. The problem affects the 2010 through 2014 models of the Chevrolet Tahoe Police Pursuit SUV. A GM notice sent to government regulators warned that the affected vehicles' cooling fan could...

  • PARIS— The French government has announced an anti-pollution plan, including a financial boost to buy electric vehicles, as Paris and other cities in the country are emerging from a particularly severe episode of air pollution. Environment Minister Segolene Royal said Saturday professionals will get a bonus of up to 10,000 euros if they scrap their old...

  • OMAHA, Neb.— Howard Buffett is planning to step down from the Coca-Cola Co.' s board, so he can spend more time running his foundation that focuses on improving agriculture in the developing world. Howard Buffett continues to oversee a farming operation in Nebraska and Illinois, but he has stepped down from his other corporate boards except for Omaha- based...

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • HUNTINGTON, Ind.— A full parking lot and 50- hour workweeks belie the anxiety at the United Technologies- owned factory outside a small northeastern Indiana city, where Mike Harmon and co-workers wonder whether they aren't just stockpiling parts for when the company sends their 700 jobs to Mexico. The whole time during the campaign he talked Indianapolis,...

  • VIENNA, Dec 10- Non-OPEC oil producers agreed on Saturday to reduce their output by a combined 562,000 barrels per day as part of a global deal with the Organization of the Petroleum Exporting Countries, two OPEC sources told Reuters.

  • PORTLAND, Maine— FairPoint Communications has struggled with the loss of traditional telephone customers, labor unrest and customer service problems in northern New England. In northern New England, regulators stung by FairPoint's performance when it took over Verizon's landlines will give close scrutiny to details. FairPoint bought Verizon's landline...

  • SAVANNAH, Ga.— Food giant ConAgra faces a court hearing to finalize an $11.2 million settlement— including the largest criminal fine ever in a U.S. food safety case— to resolve federal charges in a salmonella outbreak that sickened hundreds who ate tainted Peter Pan peanut butter. It's been a decade since salmonella that made more than 600 people sick was traced to...