Wiesbaden / AFP Industrial firms in Germany, Europe’s largest economy, saw an unexpected fall in new orders in September, official data showed on Monday, pointing to weaker performance in the months ahead. Companies saw order books shrink by 0.6 percent compared with August, correcting for price, seasonal and calendar effects, the federal statistics office Destatis said in preliminary figures. ...

  Bloomberg EU regulators are taking a closer look at an investment deal between Britain and Japanese auto maker Nissan that keeps production of two key models in the UK despite Brexit. “We have seen press reports regarding this issue. As a result, the Commission at services level is in contact with the UK authorities,” an EU spokesman said on ...

  London / AFP Global equities rebounded sharply on Monday, the eve of the US presidential election, after the FBI handed market favourite Hillary Clinton a major boost by ruling out criminal charges. Asian and European equities surged higher as traders breathed a sigh of relief as FBI chief James Comey said Democratic nominee Clinton would not face charges over ...

  CAIRO / Reuters Egypt’s stock market rose sharply for a third day on Monday in response to the devaluation of the Egyptian pound which has raised hopes for capital inflows, while higher oil prices boosted petrochemical shares in Saudi Arabia. The Egyptian blue chip index jumped 5.4 percent in its heaviest trade since March, bringing its gains to 15.6 ...

  Bloomberg Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo. OPEC producers remain committed to an agreement reached last month in Algiers to trim output, and cooperation from non-OPEC producers will help bring the oil market back into ...

  Bloomberg Egypt will ask the International Monetary Fund’s executive board within a day or two to consider its $12 billion loan request, Finance Minister Amr El-Garhy said, after the central bank freed the pound’s exchange rate to help spur investments and ease a dollar crunch. The push to finalize the loan comes as Egyptian banks began freely trading foreign ...

  AFP Iran will sign a deal with France’s Total on Tuesday for the development of gas production at a major offshore field in the Gulf, the Iranian oil ministry said. The Heads of Agreement (HOA) for the development of Phase 11 of the important South Pars field is worth $6 billion (5.4 billion euros), a ministry spokesman said The ...

  Bloomberg Saudi Arabian Oil Co. halted shipments of oil products to Egypt indefinitely, Egyptian Oil Minister Tarek El-Molla said, forcing the Arab world’s most populous nation to buy fuels on world markets at higher cost. The state producer known as Saudi Aramco informed the Egyptian General Petroleum Corp. in early October that it would halt supplies of refined oil ...

  Reuters A switch to cleaner fuels in the world’s ships in 2020 could double the profits of the world’s most advanced oil refineries — but threatens to put older ones out of business and punish those countries, including prominent OPEC members, that produce the wrong kind of crude. In less than four years, ships worldwide will have to cut ...

  Bloomberg UK Prime Minister Theresa May clashed with her Indian counterpart Narendra Modi over migration rules and failed to arrange a meeting with senior figures at Tata Group in a double blow to her three-day visit to India. Modi called on Britain on Monday to support more Indian students who want to enroll at universities in the U.K, as ...