President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing the possible sale of...World Politicsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
VMware has become accepting of the corporate rush to the cloud. A new acquisition could help it make more revenue as companies adopt a modern approach called serverless...Technologyread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
essential@ (Adds CEO comment in wake or protests, paragraphs 9-10)
ALGIERS, May 1 (Reuters) - Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment.
Algeria, a member of the Organization of the Petroleum Exporting Countries and a major gas supplier to Europe, has struggled to lift production to meet rising domestic demand, while foreign investors have often baulked at contract terms.
Rachid Hachichi, Sonatrach's former head of production and exploration, was named chief executive on April 23, replacing Abdelmoumene Ould Kaddour.
"Our group will continue to develop partnerships with foreign firms seeking to invest in Algeria," he said in a message to mark Labour Day, the state news agency reported
"Partnerships are an essential element in our development strategy, especially in the field of production and exploration," he said.
The former CEO had been seeking to make Algeria more attractive to foreign investors by resolving a series of disputes with oil majors including Frances Total, Italys ENI and Spains Repsol.
Sonatrach has a deal with Britain's BP and Norway's Equinor to develop Algeria's shale gas reserves, but industry sources said in March that talks with Exxon Mobil on developing a gas field had stalled.
Algeria produces an estimated 1 million barrels per day of crude and 135 billion cubic metres a year of gas. Oil and gas account for 94 percent of Algeria's total exports and 60 percent of the state revenues.
"We will work to improve the professional climate so that everyone will have a favourable environment," Hachichi said, after workers at some Sonatrach oil and gas facilities have protested to demand higher wages and better working conditions.
Algeria has been buffeted by mass anti-government protests since Feb. 22. Demonstrators have demanded a clear out of the elite that has ruled the North African nation since independence in 1962.
(Reporting by Hamid Ould Ahmed Editing by Edmund Blair)