Bloomberg Eskom Holdings SOC Ltd will extend its strategy of trimming top executive positions to include lower ranking managers and finally the general workforce as South Africa’s cash-strapped power utility looks to cut costs, according to a person familiar with the plans. The state-owned company last month reduced its highest executive structure to nine positions from 21 by regrading and ...

Bloomberg Goldman Sachs Group Inc cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient US shale production. Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a January 6 note, down from a previous estimate of $70. US marker West Texas Intermediate will average $55.50 a barrel, down ...

Bloomberg The White House may try to block portions of Special Counsel Robert Mueller’s final report from being shared with Congress and the public in a fight that could end up before the Supreme Court. Mueller may submit his findings on Russian interference in the 2016 presidential campaign to the Justice Department as early as February, according to one US ...