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Bloomberg Royal Dutch Shell Plc abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic. Shell has exited the Khazar field, while North Caspian Operating Co. — a joint venture including Shell — has quit the Kalamkas-Sea project, according to TOO PSA, an entity run by the Kazakh Energy Ministry. The retreat from the fields — both ...

Bloomberg Anti-government protests that have shaken the world’s largest copper producing nation Chile for the past three days have spread to the mining sector as unions call for stoppages. Workers at BHP Ltd.’s Escondida mine will hold a “warning stoppage” for 10 hours in solidarity with protests. The stoppage risks disrupting copper supply from the world’s largest producer, with ports ...

The deal Boris Johnson has struck with the rest of the European Union over Britain’s withdrawal follows a familiar pattern. Much like other populist politicians in Europe, the British prime minister is trumpeting a false success. The same agreement could have been reached nearly two years ago at a lower economic cost. He’s now in the same class as Alexis ...

Nestle SA Chief Executive Officer Mark Schneider is in a good spot. He’s on the verge of capping what he set out to do when he became the Swiss food behemoth’s first outside leader for almost 100 years. Nestle is on track to meet its target for operating margin a year early. Its organic sales growth goal for next year ...

Singapore offers a small ray of light in a faltering global economy. The country that’s so intimately tied to the rhythms of global commerce dodged a recession in the third quarter, figures Monday showed. Singapore simultaneously eased monetary policy, the first such step since 2016, as anticipated. That it did so cautiously suggests at least some of the doom and ...

Ursula von der Leyen is off to a bad start. The incoming president of the European Commission and her cabinet were supposed to begin working November 1. Instead, the commission will be lucky if it gets sworn in by Christmas. Even then, it may already be damaged goods. The whole process serves as an unsubtle metaphor for a union that ...

Canadians may find the choices in their October 21 national election disheartening. Though there are six candidates, it is essentially a contest between Justin Trudeau, the Liberal Party incumbent prime minister who was shamed over the blackface photos of his youth, and the Conservative Party challenger Andrew Scheer, who has been outed as an American citizen. Such a perspective is ...

Blacklisting by the US government, accusations of espionage and the arrest of its chief financial officer haven’t been enough to scare investors away from Huawei Technologies Co. Shares of China’s biggest telecoms equipment and smartphone maker aren’t publicly listed, making its equity largely unavailable to outsiders. Its bonds, however, do trade and have continued their upward trajectory over the past ...

With the unemployment rate at a 50-year low, the hope is that the US consumer will more than offset an otherwise faltering economy. Don’t bet on it. Clearly, the broad economy is not only weak, but weakening. The yield curve has inverted, with 10-year Treasury note yields falling below two-year yields. Every time that’s happened in the post-war era, a ...

Bloomberg US equity-index futures advanced alongside European and Asian shares as investors awaited fresh developments on foreign trade and this week’s slew of results from major companies. Bonds dropped. Contracts on the S&P 500 Index rose, pointing to a firm open that would keep the American benchmark within sight of a fresh all-time high. Boeing fell in the pre-market amid ...