Bloomberg While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry. The petrodollars that underpin Russia’s national budget are evaporating. When crude prices were high, increasing revenue simply meant encouraging companies like Rosneft OJSC and Lukoil PJSC to ...

Bloomberg The pound advanced against most of its major peers after manufacturing activity in the U.K. expanded at a faster rate than expected in January and a rally in commodities and stocks boosted investor sentiment. Manufacturing production grew 0.7 percent against the 0.2 percent forecast in a survey of Bloomberg economists. Industrial production expanded by 0.3 percent, lower than forecast ...

Bloomberg German Chancellor Angela Merkel’s government is edging towards tax incentives for electric cars after months of bickering over how to boost sales of the vehicles in Europe’s biggest economy, according to a person familiar with the matter. With Finance Minister Wolfgang Schaeuble opposed to plans by Vice Chancellor Sigmar Gabriel to offer consumers a cash rebate of as much ...