Abu Dhabi / Emirates Business Welcomed by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, and under the patronage of His Majesty King Mohammed VI of Morocco and supported by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and ...

  Bloomberg OPEC’s work isn’t done yet. Oil traders and investors cheered Wednesday’s landmark deal to curtail oil production. But history shows compliance with past accords to be patchy at best. Even if countries stick to their output caps, those that won exemptions could make the collective target all but unreachable if they boost production. The difficulty of monitoring non-OPEC ...

  Bloomberg Brent oil capped its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years, with attention now shifting to compliance with the deal and how other producers will react to a price rally. Futures closed at the highest in more than a year in London and New York. OPEC’s three largest producers — ...

  Bloomberg No matter where you look in the oil market, key markers watched by traders have been going haywire since Wednesday — and they show little sign of letting up. Whether it’s a futures curve suddenly suggesting concerns that supply is shrinking or record trading of contracts designed to protect against price fluctuations, OPEC’s first output cut in eight ...

  Bloomberg The Japanese company poised to become one of the world’s largest LNG buyers says it shouldn’t need to pay producers to lift restrictions on where it can resell cargoes and that the removal would benefit the whole market, including sellers. Jera Co., a joint venture between Tokyo Electric Power Co. Holdings Inc. and Chubu Electric Power Co. that ...

  Bloomberg US and Brazilian authorities are set to impose $2.5 billion in foreign-corruption penalties on Odebrecht SA, Latin America’s biggest construction company, and an affiliate for violating anti-bribery laws, people familiar with the discussions said. Prosecutors say Odebrecht and the affiliate, Braskem SA, paid officials at Petroleo Brasileiro SA, the state-run oil producer known as Petrobras, to win contracts. ...

  Bloomberg The Canadian government’s approval of two major oil export pipelines may mean the death knell for a third. For more than two years, TransCanada Corp.’s proposed 1.1 million barrel-a-day Energy East pipeline, designed to run from Alberta to New Brunswick, has been mired in regulatory hearings and opposition from environmentalists. Now, the hurdles it faces may be even ...

  Washington / AFP The USA unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month. The jobless rate fell an unusually large three-tenths to a surprising 4.6 percent, the Labor Department reported. A solid 178,000 net new positions were created, ...

  Bloomberg AT&T Inc.’s aggressive pricing strategies in Mexico are causing the company to lose “a lot” of money, said Carlos Slim, the billionaire who controls the phone giant’s biggest rival. “You can see it in their balance sheets,” he said. AT&T’s low-cost plans are taking market share from other competitors but not from Slim’s America Movil SAB, which has ...

  Beijing / AFP China protested to Washington on Saturday after US President-elect Donald Trump broke with decades of foreign policy and spoke with the president of Taiwan. It was not immediately clear whether Trump’s telephone call with Tsai Ing-wen marked a deliberate pivot away from Washington’s official “One China” stance, but it fuelled fears he is improvising on international ...