South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters. Local defence firms have lobbied the government for months to...

Russia on Thursday rejected proposals to slash crude output at an OPEC+ meeting, media reported, and asked for more time to assess the impact of a new coronavirus on crude prices. Delegates of the Organization of the Petroleum Exporting Countries and non-member Russia -- together known as...

Oil prices jumped by more than 3% on Wednesday on reports that scientists have developed an effective drug against the fast-spreading coronavirus that has weighed heavily on global economic activity. News that the Organization of the Petroleum Exporting Countries and its producer allies are...

Lebanon's cash-strapped authorities are struggling to decide what to do about a $1.2 billion Eurobond maturing in March but are leaning towards repayment for foreign holders and a swap for local investors, political and banking sources said on Tuesday. Lebanon, which has never defaulted on...