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Russian oil output nears all-time high

Bloomberg Russian oil production moved closer to an all-time high before the nation meets with OPEC partners to discuss future supply. The country’s crude and condensate output averaged 11.412 million barrels a day last month, according to data from the Energy Ministry’s CDU-TEK unit released. Th-at’s about 160,000 barrels a day more than two years ago, before Russia agreed to ...

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S Korea must find fix to WWII labour case, says Japan’s Kono

File photo: an employee works among stainless steel sheets at a steel factory in taiyuan

Bloomberg Japan’s top diplomat says it is up to South Korea to resolve forced labour claims looming over dozens of Japanese companies that are threatening to upend ties between the two neighbours. Foreign Minister Taro Kono said in an interview that the South Korean Supreme Court’s decision ordering a Japanese company to pay compensation to people forced into its service ...

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Indian tycoon Birla’s Hindalco posts profit amid cost pressures

2nd lead hindalco copy

Bloomberg Indian billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. reported a jump in quarterly profit driven by higher revenue at its aluminum operations even as it flagged risks from higher raw-material costs and rising imports. Net income, including that of its Utkal Alumina unit, rose to 7.3 billion rupees ($100 million) in the three months through September from 4.7 billion ...

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