Bloomberg Venezuela, owner of the world’s largest crude oil reserves, suddenly has a deep thirst for American oil. Petroleos de Venezuela SA, the state-owned oil company, has ordered millions of barrels of crude from the U.S. this year, according to published reports and data provided to Bloomberg, in a sign of how the lifting of the ban on U.S. oil ...

Bloomberg Coffee, which entered a bull market last week, may climb further this year amid increasing concern that global supply will continue to shrink because of El Nino-induced crop losses in South America and Southeast Asia, according to traders at an industry gathering. Worldwide demand may exceed output by as many as 4 million bags in the season that will ...

Bloomberg Chile, widely viewed as a model of stability and democracy in a region plagued by impropriety and upheaval, is facing a campaign funding scandal that has cast a shadow over politicians of all major parties. More than a year of revelations has helped drive to record lows the approval ratings of the government, President Michelle Bachelet, the Chamber of ...

BLOOMBERG European stocks fell, while German government bonds rose with gold and the yen after explosions rocked a Brussels airport departure hall and a downtown subway station. The Stoxx Europe 600 Index fell the most in a week as the attacks caused deaths and injuries and spurred fears of imminent follow-up attacks in the capital of the European Union. Travel ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.30% to close at 4498.17 points. Accordingly the Market Capitalization has gained AED 2.2 billion attaining AED 729.66 billion. A total of 0.76 Billion Shares were traded with a total value of AED 0.91 billion during the trading session of 22-03-2016 through 8596 transactions. The number of companies which ...

Dhaka / Bloomberg Bangladesh’s Central Bank has suggested the Federal Reserve Bank of New York had a “major lapse” in allowing hackers to transfer $101 million in transactions that it later flagged as suspicious, according to an internal document seen by Bloomberg. The document, dated March 13, sheds new light on Bangladesh Bank’s interpretation of a cyber heist in which ...

Bloomberg The European Central Bank (ECB) and the Bank of Japan (BOJ) are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Governor Mervyn King said. “There are clearly limits” to the effectiveness of negative rates, King said in a interview in New York. “I think you ...

BLOOMBERG HSBC Holdings Plc is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin can inflict pain. The lender led a group of banks that extended up to $500 million three years ago to Petroceltic International Plc, helping ...

BLOOMBERG Citigroup Inc., the fourth-largest US bank, should consider breaking itself into smaller pieces because higher capital rules make it difficult to earn acceptable returns, analysts at Keefe, Bruyette & Woods said. A breakup could come in three steps: selling the international consumer businesses excluding Mexico; selling the Mexico franchise; splitting the remaining firm into a US consumer business and ...

MOBILE / AP A European aircraft maker Airbus conducted the inaugural test flight on its first US-made jetliner, calling the exercise a success after the plane flew for hours over the Gulf of Mexico. The A321 passenger jet took off and landed at Mobile Aeroplex at Brookley, site of the company’s new plant near downtown Mobile, Alabama. The three-hour flight ...