July, 2017

• 26 July

  ‘US must coordinate Russia actions with EU partners’

  Bloomberg Germany expressed continued concern about US moves to tighten sanctions against Russia, while saying changes made in the bill passed by the House of Representatives on Tuesday are steps in the right direction. Germany is holding to its position that sanctions rules mustn’t be used as a tool to influence specific industries, Martin Schaefer, a Foreign Ministry spokesman, said ...

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• 26 July

  Swedish govt in deepening crisis after security breach

  Bloomberg Sweden’s government was dragged into a deepening crisis as the opposition united to demand no-confidence votes be cast against three Cabinet ministers for their handling of breaches that may have put classified information into the hands of foreign powers. The four parties in the main opposition bloc called for the motions to be brought against Home Affairs Minister Anders ...

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• 26 July

  Palestinians call for ‘day of rage’ as US lauds Israel changes

  

  Bloomberg Palestinians rejected Israel’s plan to defuse deadly tensions over a Jerusalem shrine revered by both Jews and Muslims, and threatened to escalate their protests with a “day of rage” on Friday. Israel took down metal detectors from the Old City holy site on Tuesday but said it would replace them with other, unspecified technologies. Palestinian Authority President Mahmoud Abbas ...

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• 26 July

  Iran: Hostile US sanctions vote undermines N-deal

  Bloomberg Iran promised to respond if the “blatantly hostile” vote in the House of Representatives to impose new sanctions becomes law, saying they would go against US commitments under the 2015 nuclear agreement with world powers. Sanctions pursued in the US Congress “can impact the successful implementation” of the deal, the state-run Iranian Students’ News Agency cited Deputy Foreign Minister ...

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• 26 July

  Soldiers in streets as Maduro plans new constitution

  

  Bloomberg Venezuelans are stockpiling scarce food and water as tensions mount ahead of a widely criticized Sunday vote that President Nicolas Maduro has called to elect an assembly of supporters to rewrite the constitution and strengthen his grip on power. Maduro—who’s presided over an increasingly autocratic regime that has imperiled the country’s six-decade democracy and left the economy and society ...

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• 26 July

  Rajoy brushes off lawyer’s attacks in corruption trial

  Bloomberg Prime Minister Mariano Rajoy batted away questions from lawyers prosecuting his former party colleagues as they tried to tie him in to an alleged bribery ring run from the group’s headquarters. Rajoy said that he’d never had anything to do with party finances, despite running four election campaigns and serving as president since 2004. He insisted that he never ...

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• 26 July

  Petronas deals fresh blow to Canada’s energy patch

  

  Bloomberg Petroliam Nasional Bhd.’s decision to back out of a giant gas-export project on Canada’s Pacific Coast is the latest hit to the country’s energy sector — and to Prime Minister Justin Trudeau’s plan of balancing energy exports and climate action. The Malaysian state-run oil and natural gas producer cited an “extremely challenging environment” of low prices and other changes ...

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• 26 July

  Indonesia says open to rejoining OPEC if not forced for output cuts

  

  HOUSTON / Reuters Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation’s energy and mineral resources minister said. “We would have to have a concession for not following cuts from time to time,” the minister, Ignasius Jonan, said in an interview ...

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• 26 July

  Oil rises as US stockpiles plunge

  

  Bloomberg Oil extended gains from the highest close in seven weeks as industry data showed US crude stockpiles plunged, easing a glut. Futures climbed as much as 1.4 percent in New York after rising 4.6 percent in the previous two sessions. Inventories tumbled by 10.2 million barrels last week, the American Petroleum Institute was said to report. If the decline ...

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• 26 July

  Mexico refining hits lowest in decades

  

  Bloomberg Mexico processed the lowest amount of crude in decades in late June and early July, based on preliminary numbers, after a fire and flood took the country’s largest refinery offline last month. State-owned Pemex refined 695,000 barrels a day of crude, equivalent to about 42 percent of Mexico’s refining capacity, July 1 to July 16, according to the company’s ...

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