Business News Algeria

  • *Market expects China to buy more U.S. soybeans, grains. CHICAGO, Jan 9- U.S. soybean futures rebounded on Wednesday, posting gains for the fifth session in six amid hopes that China would accelerate its purchases of U.S. agricultural product following three days of trade talks with the United States this week. Trade Representative's office said on Wednesday that...

  • Losses were limited, however, by hopes that trade talks between Washington and Beijing will open the door for more U.S. soybean exports to China following sizable sales to state-owned firms on Monday. China and the United States will continue trade talks in Beijing for an unscheduled third day as officials from the world's two largest economies looked to...

  • HAMBURG, Jan 8- Chicago soybean futures were slightly firmer on Tuesday, with attention on whether trade talks between Washington and Beijing will open the door for more U.S. soybean exports to China. Soybean markets are pausing to see what results the trade talks between the U.S. and China actually bring while there is also attention on unfavorable crop weather...

  • CHICAGO, Jan 7- U.S. soybean futures rose for a fourth straight session on Monday and notched a three-week high on concern about dry weather in Brazil and as trade talks between Washington and Beijing raised hopes of accelerated export purchases by China. Soybean prices were underpinned by news of a third wave of large U.S. soybean purchases by China on Monday as...

  • CHICAGO, Jan 4- U.S. soybean futures climbed to a two-week high on Friday on optimism over U.S.- China trade talks planned for next week, coupled with declining estimates of the size of Brazil's developing crop, traders said. As of 12:47 p.m. CST, Chicago Board of Trade March soybeans were up 8-1/ 2 cents at $9.21-1/ 4 a bushel after reaching $9.22-1/ 2, the contract's...

  • HOUSTON, Jan 3- OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show. Oil cargoes departing from OPEC nations to the United States fell to 1.63 million barrels per day last month, down from 1.80 million bpd in November and 1.78 million bpd in...

  • HAVANA, Dec 28- Cash-strapped Cuba plans fresh austerity measures and will pressure the sluggish bureaucracy to tighten its belt and cut red tape to address weak growth, falling export earnings and rising debt. We cannot spend more than we earn, "Economy Minister Alejandro Gil Fernandez said at a session of the National Assembly last week. Cuba last reported its...

  • MILAN, Dec 18- Italian oil service group Saipem knew about and abetted in bribes paid to win contracts in Algeria worth 8 billion euros, judges at a Milan court said in a detailed ruling filed on Tuesday. In September, former Saipem CEO Pietro Tali and the company were found guilty of paying middlemen about 198 million euros to secure contracts with Algeria's...

  • *Doha locked in political row with OPEC's Saudi Arabia. DOHA, Dec 3- Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide. Al-Kaabi told a news conference that Doha's decision "...

  • *OPEC "managed by a country", Qatar's Al-Kaabi says. DOHA, Dec 3- Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide. Al-Kaabi told a news conference that Doha's decision "was...

  • ITALY-BUSINESS-ENI-LOGO

    The facility is located at the Bir Rebaa North field. 

  • *EU says China should take contrete steps to further open up. *China holding fair to show commitment to free trade. BEIJING/ SHANGHAI, Nov 1- The European Union on Thursday called for China to take concrete steps to further open its market to foreign firms and provide a level playing field, saying it would not sign up any political statement at next week's major import...

  • SHANGHAI, Nov 1- Germany and France urged Beijing on Thursday to do more to level the playing field for European businesses in China and address concerns about the business environment through "concrete and systematic measures." In a rare joint op-ed in the business magazine Caixin, the German and French ambassadors to China said European businesses should...

  • ALGIERS/ MILAN, Oct 29- Italian oil major Eni said on Monday it had struck a deal to team up with French peer Total to look for oil and gas in Algeria and strengthen its position in the north African country. Algeria is seeking to increase oil output to boost revenues following a crash in prices in 2014. Eni has been operating in Algeria since 1981 and has strategic...

  • *Saudi Arabia, Russia agreed in Sept to lift oil output- sources. *Saudi Arabia has raised output in Oct to 10.7 mln bpd. NEW YORK, Oct 3- Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year's largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian...

  • LONDON, Oct 3- Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC's agreement on output cuts by producing more crude, adding that the two countries would not be able to produce enough oil to make up for a reduction in Iranian exports. Reuters reported on Wednesday that Russia and Saudi Arabia struck a private deal in September to raise oil output to...

  • *Saudi Arabia, Russia agreed in Sept to lift oil output- sources. *Saudi Arabia has raised output in Oct to 10.7 mln bpd. NEW YORK, Oct 3- Oil rose more than 1 percent in volatile trade on Wednesday, touching a fresh four-year high as the market focused on upcoming U.S. sanctions on Iran and shrugged off the year's largest build in U.S. crude stockpiles and reports of higher...

  • MOSCOW/ DUBAI, Oct 3- Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. The deal underlines how Russia and Saudi Arabia are increasingly deciding oil output policies bilaterally, before...

  • MOSCOW/ DUBAI, Oct 2- Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. The sources said Saudi Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak agreed during a...

  • LONDON, Oct 2- OPEC and oil traders are now in fundamental disagreement about the market outlook and the standoff is fueling a sharp rise in prices that could spell trouble for the global economy over the next 18 months. The overall balance between supply and demand is "healthy" according to a statement from the Joint Ministerial Monitoring Committee of OPEC and...