MEXICO CITY / Reuters Norway’s Statoil will evaluate new offshore projects in Mexico, including potential tie-ups with state oil company Pemex, the firm’s top executive said, adding that a first deepwater well in an existing Gulf project will likely be drilled next year. Statoil is focussed mostly on future deepwater opportunities in Mexico but does not rule out others, CEO …

LONDON / Reuters Global energy trader Mercuria Group has agreed to take an interest in the oil refining system of China’s ChemChina, sources familiar with the matter said. As part of the deal, state-run ChemChina would increase its stake in Mercuria, one of the world’s largest oil trading firms. ChemChina already holds a 12 percent stake in the Swiss-based company …

Reuters Most Gulf stock markets rose on Sunday due to firm oil prices and relief that the weekend’s military attack on Syria was relatively limited in scope and there was no immediate retaliation. The United States, France and Britain launched 105 missiles after a suspected poison gas attack in Syria a week earlier. The strikes were limited to three alleged …

Bloomberg Oil prices, already at more than three-year highs, may be about to jump further. And, to JPMorgan Chase & Co., crude-related assets are starting to look attractive. Brent oil could spike to $80 a barrel if the US and European Union reimpose sanctions on Iran and as Western powers expand the scope of the Syrian civil war, JPMorgan strategists, …

Bloomberg Canadian banks have amassed their biggest war chest in five years — and they’re ready to use it. The country’s six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada’s big banks weighing options. “It’s great to …

TOKYO / Reuters The Bank of Japan mostly held an optimistic view on regional economies, in a sign of its conviction over a broadening recovery but warned that labour shortages and a US-China trade war could cloud the outlook. The central bank’s assessment in a report suggests it will probably maintain its upbeat growth and price forecasts when it conducts …

WASHINGTON / Reuters US bank regulators proposed easing a key capital rule designed to restrict bank leverage, a move that would free up $400 million of capital across the largest US banks. The proposal from the Federal Reserve and the Office of the Comptroller of the Currency would reduce the “enhanced supplementary leverage ratio” (eSLR) and more closely tie the …

LONDON / Reuters The Japanese Bankers Association (JBA) and the China Banking Association (CBA) have joined forces to challenge proposed European Union regulations aimed at policing possible market risk posed by foreign lenders doing business in the bloc. In a letter to the European Commission seen by Reuters, the JBA and CBA — which represent hundreds of lenders from both …

FRANKFURT / Reuters Once one of Germany’s chief power brokers in finance, Deutsche Bank Chairman Paul Achleitner’s switch of chief executive has triggered criticism that it was rushed through, casting a cloud over his own future. Achleitner forced out CEO John Cryan after a row that centred on what some describe as Cryan’s ‘indecisiveness’ in cutting jobs and costs, according …

Bloomberg A plan to sell off India’s flagship airline is facing headwinds before it even gets started. Narendra Modi’s boldest asset sale yet is the proposed divestment of Air India, the nation’s money-losing flag carrier, has run into rough weather after some of the potential bidders opted out upset with the government’s terms. This setback, however, is the least of …