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Bloomberg Rosneft PJSC’s said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, just a week before talks that could phase them out. The producers working together have “restored balance to the market by cutting oil production,” Russia’s biggest oil company said in a statement. ...

Bloomberg Germany’s Christian Social Union party will give Chancellor Angela Merkel a two-week deadline to meet its demands for overhauling asylum policy, the Bild Zeitung reported, in what would mark an unprecedented challenge to her authority that risks plunging the nation into chaos. The executive of the Bavarian party — an ally in Merkel’s government — will pass a resolution ...

Bloomberg President Donald Trump pushed back against criticism that he gave too much ground to North Korea at last week’s summit, saying the US “got so much” out of the meeting, including the return of American citizens. The president also defended his decision to halt military exercises with South Korea in the region, writing that the so-called war games can ...

Bloomberg UK Prime Minister Theresa May has been warned that rebels inside her own party could bring down her government if they don’t like the final Brexit deal she negotiates with the EU. Pro-EU former attorney general Dominic Grieve said he had sleepless nights worrying about the choice facing Parliament when May reaches an agreement with the bloc on terms ...

Bloomberg Colombians are voting in the runoff of the first presidential election since the demobilisation of the nation’s largest guerrilla group, with a market-friendly lawyer facing a leftist who wants to tax the rich. Polls predict a clear win for Ivan Duque, 41, who wants to cut taxes on company profits, over Gustavo Petro, 58, who wants to redistribute land ...

Bloomberg Former FBI Director James Comey was “insubordinate” in handling the probe into Hillary Clinton, damaging the bureau and the Justice Department’s image of impartiality even though he wasn’t motivated by politics, the department’s watchdog found. Although the report by Inspector General Michael Horowitz doesn’t deal directly with Special Counsel Robert Mueller’s inquiry into Russia meddling in the 2016 US ...

Bloomberg Greek PM Alexis Tsipras survived a no-confidence vote in parliament, securing support to move forward to sign an agreement with the Republic of Macedonia and to continue governing until his term expires in 2019. A total of 153 lawmakers in the 300-seat chamber voted against the opposition-backed motion, the parliament speaker said after the session in Athens, against 127 ...

Bloomberg China’s response to US tariffs aims to hit the Trump administration right in its natural resources. The world’s largest commodities consumer said it will levy a first round of tariffs on $34 billion worth of US agriculture products, as well as automobiles, starting from July 6. Another $16 billion in goods, including coal and oil, will be subject to ...

Bloomberg ZTE Corp. unveiled a settlement with the US government to rescue the Chinese telecom-equipment maker. But investors put a steep initial estimate on the cost of the deal: at least $2.7 billion. ZTE agreed to pay at least $1 billion in penalties and overhaul its leadership to escape essentially a death sentence. That still leaves it with the challenge ...

Bloomberg China’s home prices rose by the most in 19 months in May even as the government pressed ahead with a two-year campaign to curb property speculation. New-home prices in 70 cities tracked by the government gained 0.8 percent from a month earlier, according to Bloomberg calculations based on data from the National Bureau of Statistics. That compared with a ...