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Bloomberg For more than two decades Chinese companies have turned to the US stock market for capital and international prestige, raising at least $144 billion from some of the world’s largest investors. Now this pillar of China’s integration with the global financial system is increasingly under threat. The latest blow arrived on New Year’s Eve, when the New York Stock …

Bloomberg Iraq has selected a Chinese company for a multibillion-dollar oil-supply deal, as the nation seeks funds to bolster an economy reeling from the coronavirus-triggered collapse in energy prices. SOMO, which oversees Iraq’s petroleum exports, picked a Chinese firm after receiving bids from several traders, the official Iraqi News Agency(INA) reported, citing an interview with the head of SOMO, Alaa …

RIYADH / WAM Entry to Saudi Arabia by sea, land and air resumed following a two week entry ban over fears of a new coronavirus variant, the Saudi Press Agency (SPA) reported. In a statement, the Ministry of Interior said that non-citizens entering from the UK, South Africa or any other countries where the new variant spread, will require to …

Bloomberg As one of the most tumultuous years in oil’s history ends, a delicate task now lies ahead for Opec+. The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without disturbing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group — which …

Bloomberg China and the US can open a “new window of hope” in bilateral ties in the new year, Foreign Minister Wang Yi said, urging Washington to resolve disputes through dialogue. “Our US policy will maintain continuity and stability and we are willing to develop China-US relations in a coordinated, cooperative and stable manner with the American side,” Wang was …

Bloomberg Airbus SE was close to delivering 560 planes to customers as of December 31, approaching the top end of its internal target in a year marred by the pandemic-induced collapse of air travel, according to people familiar with the matter. The European planemaker delivered close to 550 aircraft as of December 29, Bloomberg reported earlier. The final audited tally …

Bloomberg The European Union (EU) and China announced the political approval of an agreement to open the Chinese market further to EU investors, marking a major step in talks that began in 2013. The breakthrough in negotiations on an EU-China investment deal signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record on human …

Bloomberg Oil pushed higher with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual rebound as Covid-19 vaccines are rolled out. Futures in New York rise above $48 a barrel, though liquidity was thin in the period between Christmas and New Year. A dip in the dollar boosted the appeal of commodities such …

Bloomberg Oil climbed as the UK is poised to grant regulatory approval to another Covid-19 vaccine and as the US passed its stimulus bill into law. Futures in New York are trading 1.2% higher after dipping in early trading. Britain’s drug regulator could clear the shot produced by AstraZeneca Plc and the University of Oxford for use as early as …

Bloomberg Millions of Americans will see their unemployment benefits lapse, at least temporarily, after President Donald Trump let it the night pass without signing a bipartisan stimulus package containing various pandemic aid. While the president dug in over the size of direct checks to be sent to many Americans, the $900 billion stimulus accord contains numerous other measures, including extended …