Wires

  • *Proposed wage cuts prompt strikes in Oman, Kuwait. DOHA, Dec 11- Ahmed, a Qatari civil servant, used to arrive at his office at a government ministry in Doha late in the morning and leave for home after lunch, collecting a monthly salary of 40,000 rial and a generous housing and travel allowance. "Qatar expects the best of its citizens."

  • SEOUL, Dec 11- Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd said on Sunday it has agreed with the 2 M shipping alliance to form a cooperative relationship that falls short of full-fledged membership. Its main creditor, the state-backed Korea Development Bank, said it had not yet met to decide its position on the agreement but it was...

  • *Latest move in Qatar energy sector to reduce costs. DOHA, Dec 11- Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum said on Sunday, in the Gulf state's latest reaction to lower energy prices. While Qatar is more focused on gas than oil, it too has been forced into reorganisations, with QP...

  • WASHINGTON— President-elect Donald Trump has found an accomplished American executive in Rex Tillerson, but one whose longstanding support for free trade, international law and an expansive U.S. presence in the Middle East largely doesn't fit with what Trump has pitched to supporters. A native of Wichita Falls, Texas, Tillerson came to Exxon Mobile Corp. as a...

  • News of Tillerson's possible appointment comes as U.S. intelligence analysts have concluded that Russia intervened in the 2016 election to help Trump win the White House. Tillerson, 64, has driven Exxon's expansion in Russia for decades and opposed U.S. sanctions imposed on Russia for its seizure of Crimea. Russian President Vladimir Putin awarded...

  • Private jets bring big spenders so free with their cash- and $100 million credit lines- that the modest Best Sunshine casino, owned by Hong-Kong listed Imperial Pacific, wildly outperforms the top casinos in Macau, the world's biggest gambling hub. Such measures, plus an anti-corruption crackdown that began in early 2014, has dealt a blow to Macau, the...

  • DETROIT, Dec 10- General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right" role in a Cadillac commercial amid a storm of outrage on social media. The casting notice, circulated on Twitter and Facebook, said an agency was looking for "any and all real alt-right thinkers/believers" and indicated the call was for a...

  • NEW YORK— Here's something else we lost with the death of Prince: A Netflix reality series centered on his Paisley Park home in Minnesota. A Netflix spokesperson told The Associated Press on Saturday that the online entertainment company had been in "discussions" with Prince about a series, but that the project did not "come to fruition" before his death in April.

  • DETROIT, Dec 10- General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right" role in a Cadillac commercial amid a storm of outrage on social media. The casting notice, circulated on Twitter and Facebook, said an agency was looking for "any and all real alt-right thinkers/believers" and indicated the call was for a...

  • SAN FRANCISCO— Southwest Airlines is hoping to resume recently suspended flights between Los Angeles and three resort cities in Mexico beginning Sunday. Southwest says Mexican authorities issued the permits Friday night to clear the way for the airline to resume its Los Angeles service to and from the cities affected by the shutdown. Separately, American...

  • News of Tillerson's possible appointment comes as U.S. intelligence analysts have concluded that Russia intervened in the 2016 election to help Trump win the White House. Tillerson, 64, has driven Exxon's expansion in Russia for decades and opposed U.S. sanctions imposed on Russia for its seizure of Crimea. Russian President Vladimir Putin awarded...

  • Exxon chief Rex Tillerson emerged on Friday as Trump's leading candidate for U.S. secretary of state over 2012 Republican presidential nominee Mitt Romney and three other people. He was joined by former New York Mayor Rudy Giuliani, who withdrew from consideration as secretary of state on Friday. NBC News, which first reported the development, said Trump would...

  • ATHENS, Greece— Greece's Parliament passed a budget of continued austerity as mandated by the country's creditors, but which forecasts robust growth for 2017.. Prime Minister Alexis Tsipras said it will mark Greece's "final exit" from its nearly decade-long financial crisis. He underlined that his government achieved a 2016 primary surplus— excluding debt...

  • 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.