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Saudi defiant on oil cuts after Trump tells OPEC to 'relax'

The Saudi energy minister said Wednesday he is leaning towards extending oil production cuts in the second half of 2019, despite US President Donald Trump's demand to keep prices down. OPEC cartel countries and other major oil producers in January began implementing a six-month deal to cut...

China, Russia urge against military action in Venezuela

The Chinese and Russian foreign ministers voiced their opposition to military action in Venezuela on Wednesday, as President Nicolas Maduro faces increasing pressure from the United States to step down. Russia and China, which have had close relations with Maduro over the years, have...

Eurozone loan growth decelerates in January

Lending to the private sector in the eurozone decelerated in January, ECB data showed Wednesday, as the withdrawal of a central bank stimulus last year begins to show its impact. Borrowing among eurozone firms and households grew by three percent year-on-year in January, according to...