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Tribal clashes, political void hit oil installations in Iraq’s south region

BASRA / BAGHDAD / Reuters Worsening clashes among tribes and a political void is threatening security at oil installations in Iraq’s main southern oil producing region, officials and security sources said. Iraq has concentrated security forces in the north and west of the OPEC oil producer in the biggest campaign since the US-led invasion in 2003 to retake territory lost ...

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Bahrain could offer premiums to issue multi-tranche bond

DUBAI / Reuters The government of Bahrain is expected to offer investors significant premiums over its outstanding debt when it issues bonds this week because of growing concern over its finances in an era of cheap oil, portfolio managers said. A triple-tranche issue may follow, including a long seven-year sukuk issue maturing in 2025, a 12-year conventional bond and, subject ...

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Amazon China hiring signals ambitions in Alibaba battle

Bloomberg Amazon.com Inc. is hiring by the hundreds in China to fill jobs ranging from internet software engineers to designers for Alexa, positioning the company to recoup some of the market share it lost to Alibaba Group Holding Ltd. in the world’s largest online shopping arena. The online retail giant lists almost 400 Chinese-based openings on its careers website and ...

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