Bloomberg Kuwait agreed with Saudi Arabia to resume production at an offshore oil field shared by the two OPEC members, the official Kuwaiti news agency reported, without giving a specific time for the restart. The two countries are preparing to start maintenance at Khafji, Kuwait News Agency reported, citing the nation’s acting oil minister, Anas al-Saleh, speaking in parliament. Production ...

Bloomberg Federal Reserve Chair Janet Yellen spelled out what she means by data dependence, asserting her leadership of the U.S. central bank with a clear message that interest rates will be raised at a cautious pace. In one of her most detailed policy discussions this year, Yellen gave investors a list of conditions they need to watch for future rate ...

Bloomberg Bond investors in Venezuela have made a dispiriting discovery. Last week, traders started quoting prices on a $3 billion note issued by the nation’s state-owned oil company. While the eight-year securities were first sold in October 2014 under New York law, according to data compiled by Bloomberg, not much else is known. The bonds don’t trade on any U.S. ...

Bloomberg Brazil’s real led losses among its most-traded peers as the central bank stepped in to weaken the currency, extending a program announced this month after three years of trying to support the real. The real fell 0.3 percent to 3.6388 per dollar on Tuesday in Sao Paulo, the only drop among 16 major currencies, after earlier falling as much ...

Bloomberg Renewable energy developers won contracts to produce 1,720 megawatts of power in Mexico during the country’s first-ever private auction, after the government ended a decades-long state electricity monopoly in 2013. Seven wind and solar companies including Enel Green Power, SunPower Systems Mexico and Recurrent Energy won 15-year contracts to rights to provide the state-owned Comision Federal de Electricidad with ...

Bloomberg Illinois farmer David Erickson admits that what he and many U.S. farmers are about to do doesn’t seem to make much sense. With bulging stockpiles of corn and soybeans left over from last year’s harvest, they’re planting more in 2016 — even though the crops probably won’t be profitable. “It’s hard to get your head around the idea of ...

Bloomberg A move by Brazil’s largest party to depart from the ruling coalition further weakened the government and raised the odds that President Dilma Rousseff will lose the impeachment vote. The latest blow capped a month in which the least popular president in decades faced a wave of massive protests, fought accusations that she tried to obstruct a corruption probe, ...

Berlin / AFP Russia is running a “shadow government” in rebel-held territories of eastern Ukraine under the control of the FSB intelligence service, German daily Bild reported on Wednesday, citing minutes from an official commission. The report said that basic administrative functions of the cities of Donetsk and Lugansk are being run by six working groups at five Russian ministries. ...

Moscow / AFP Russia launched an investigation on Wednesday after a police officer was killed and two were injured in a bomb attack in the volatile Dagestan region that was claimed by the IS group. Two explosive devices were detonated on a main road near the city of Kaspiysk late Tuesday as two police vehicles passed, Russian authorities said. The ...

Brussels / AFP Brussels airport said it would not reopen on Wednesday despite drills to test resuming partial services after the suicide bombings that struck its departure hall and a metro train, as Belgium lowered the death toll to 32. Zaventem airport has been closed since twin bombings wrecked the departure hall on March 22, in coordinated suicide attacks that ...