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France reinvents its decrepit prisons

  Rennes / AFP The ad on the French finance ministry website is deadpan and succinct: “For sale: late 19th century prison in the centre of Grasse, 1,277.42 square metres (13,750 square feet). No garage or parking space. Needs renovating.” Prospective buyers of the site in southeast France are required to lodge a deposit of 50,000 euros ($56,000). There are ...

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Oil caps biggest monthly gain since April after OPEC pact

  Bloomberg Oil advanced, adding to the biggest monthly gain in five months, after OPEC agreed to its first output cut in eight years on Wednesday. Futures climbed 0.9 percent in New York as equities rose and the dollar retreated against its peers, bolstering the appeal of commodities. Crude surged 7.9 percent this month, providing the first September increase since ...

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Oil trade gives clearest sign yet Nigeria’s Forcados to return

  Bloomberg The oil market gave the clearest sign yet that Nigeria’s Forcados crude is about to flow again for the first time in eight months, after Royal Dutch Shell Plc was among companies said to have purchased the grade halted by militant attacks in February. Axion Energy Argentina SA, Pampa Energia SA, and Shell, operator of the Forcados export ...

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