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UAE expects oil market to balance in first quarter

The energy minister of the United Arab Emirates said Monday supply and demand in the oil market should balance out in the first quarter of 2019, following weeks of output cuts. "My expectation is that we will see the balance during the first quarter unless something happens," Suheil...

Asian markets sluggish before crunch trade talks

Trade uncertainty weighed on Asian stocks Monday, at the start of a week that sees crunch China-US talks take place in Beijing aimed at averting fresh tariff escalations. Mainland Chinese markets reopened from their week-long Lunar New Year break to renewed concerns over the trade row and a...

Paris seeks $14 million from Airbnb for illegal adverts

The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday. Under French law, home owners in Paris can rent...