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India’s Reliance mulls long term oil supplies from Iran

  MUMBAI / Reuters Reliance Industries Ltd , India’s biggest oil refiner, said it is looking to buy more crude from Iran as the company seeks to rebuild ties to benefit from shorter shipping distances. The company had made small purchases from Iran in the current quarter and was currently engaged in talks for bigger supplies, indicating that it could ...

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Obama issues stark trade warning against Brexit

  London / AFP Barack Obama warned Britain against leaving the European Union, undercutting a key argument of eurosceptics by saying London would be “at the back of the queue” for a post-Brexit trade deal. The US president’s comments on Britain’s June 23 EU membership referendum at a press conference with UK Prime Minister David Cameron drew a furious reaction ...

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Russia suspends $3 bn debt claim against Ukraine

  Moscow / AFP Russia said it had temporarily suspended its demand for full repayment of a disputed $3-billion loan to Ukraine, saying it wanted to give the new government in Kiev time to “assess the situation”. “We have given the new Ukrainian government an extension to assess the situation with a clear head, to reevaluate its position and open ...

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