Bloomberg The European Union (EU) moved closer to recommending that travelers from the US shouldn’t be allowed to enter the bloc even after July 1, according to a draft decision being considered by governments. Diplomats have agreed on a provisional list of 15 countries, including Canada, Japan, Australia and South Korea, that should be allowed into the EU because their …

Bloomberg Nigeria’s powerful state oil company, whose finances and operations have been shrouded in secrecy for decades, is opening itself up to greater public scrutiny. The Nigerian National Petroleum Corp (NNPC) published its 2018 annual report, which contained an audited account of all its 20 units for the first time in its 43-year history. The 2019 figures are set to …

Bloomberg Occidental Petroleum Corp sold $2 billion of high-yield bonds to help push out its steep maturity wall. The company issued unsecured bonds in three parts, including a $500 million five-year bond with a yield of 8%. It also priced a $500 million seven-year note at a yield of 8.5%, and a $1 billion 10-year bond with a yield of …