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UK is ‘very angry’ with EU over negotiations, says Hunt

Bloomberg Foreign Secretary Jeremy Hunt stepped up his attack on the European Union over Brexit, saying the UK is “very angry” with the bloc’s attitude to the negotiations. With less than six months to go before Brexit, talks are stalled after the EU dismissed Prime Minister Theresa May’s blueprint for a new free trade area with the bloc that would ...

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Serbia to seek Putin’s support on Kosovo amid deadlock

Bloomberg Serbian leader Aleksandar Vucic was to meet Russia’s Vladimir Putin in Moscow on Tuesday to discuss how to push forward a deal with Kosovo after a plan to rework their borders faced international resistance. Vucic is seeking broad international support from the European Union and the US to mend relations with Kosovo—a precondition for both neighbours in their aspirations ...

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Asean urges prosecution for Rohingya crimes

Bloomberg Southeast Asian foreign ministers urged Myanmar to prosecute those responsible for a brutal military crackdown against its Muslim Rohingya minority, Singapore Foreign Minister Vivian Balakrishnan told his country’s Parliament on Tuesday. Due to the political sensitivities surrounding the issue, foreign ministers from the 10-member Association of Southeast Asian Nations, known as Asean, met unaccompanied on the sidelines of the ...

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Brazil’s far-right candidate gets a boost in latest poll

Bloomberg Brazil’s far-right presidential candidate, Jair Bolsonaro, received a significant boost in the latest opinion poll published just days ahead of Sunday’s general elections. The former Army captain rose four points to 31 percent in the Ibope survey released Monday evening, compared with 27 percent in the last poll Sept. 26. His nearest rival, Fernando Haddad, from the leftwing Workers’ ...

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Russia oil output rises to record

Bloomberg Russia’s oil production rose to a post-Soviet high last month as the country completely rolled back the output cuts it had agreed on with Opec, then pumped some more. The country produced a record 11.356 million barrels of oil and condensate a day in September, according to data released on Tuesday by the Energy Ministry’s CDU-TEK statistical unit. That’s ...

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Iraq crude exports rise in September

Bloomberg Iraq exported more than 4 million barrels a day for a second consecutive month in September as buyers sought alternative supplies to Iran ahead of US sanctions. Shipments from Opec’s No. 2 producer were 4.062 million barrels a day, the highest since November 2016 and compared with 4.061 million a day in August, according to Bloomberg calculations from tanker ...

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Mini-refineries race billionaire to fix Nigerian fuel crisis

Bloomberg In the race to solve a fuel-import crisis in Nigeria, Africa’s richest person faces competition from a swarm of tiny challengers. Billionaire Aliko Dangote is building a 650,000 barrel-a-day refinery in Nigeria that will help cut the nation’s $7 billion annual fuel-import bill. Such is the pressure on its finances, the government is pursuing another option, giving licenses to ...

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Eskom expects new coal deals to recover supply

Bloomberg South Africa’s Eskom Holdings SOC Ltd. is still running low on fuel at more than half of its power stations and expects to finish supply contracts in October that will replenish the stockpiles. There are 10 of Eskom’s 15 baseload stations throughout the country that have less than three weeks of coal, Khulu Phasiwe, a spokesman for the utility, ...

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YPF shuts gas wells as Argentine economy flops

Bloomberg YPF SA, Argentina’s state-run energy producer, is closing the tap on some of its natural gas wells as the nation’s second recession in three years curbs demand, according to people with direct knowledge of the matter. The company had been investing heavily in shale gas as the government subsidized production to reverse a costly energy trade deficit. But the ...

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Malaysia’s Axiata risks losing hold of overseas units to rivals

Bloomberg Axiata Group Bhd.’s dream of building a carrier that spans southern Asia from Singapore to Pakistan, Indonesia and India is fading as it risks losing hold of overseas units to rivals. Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd. and Keppel Corp. to buy out its stake in M1 Ltd., the latest in a series ...

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