Bloomberg A unit of China Petrochemical Corp., the country’s second biggest oil and gas producer known as Sinopec Group, will shut four oil fields in the eastern province of Shandong for the first time in its more than half a century history. Sinopec Shengli Oilfield Co. will shut the Xiaoying, Yihezhuang, Taoerhe and Qiaozhuang fields to save as much as ...

Athens / Bloomberg Greece, struggling with more than €100 billion ($112 billion) of soured loans, wants to cap distressed debt sales, the country’s economy minister said. Resisting calls from creditors to further open the market, George Stathakis, 62, said the government wants to maintain restrictions on the sale of such loans to distressed debt funds. Under the latest accord signed ...

Brussels / Bloomberg Prime Minister David Cameron edged closer to securing an overhaul of the terms of Britain’s membership of the European Union, as fellow leaders signaled they were ready to help him get a deal at this week’s EU summit. With Cameron due in Brussels on Thursday for the second time in 48 hours, he won the backing of ...