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Abu Dhabi awards Eni, OMV key stakes in oil refiner

Abu Dhabi's state oil firm said Sunday it had signed partnership deals worth $5.8 billion with Italian oil giant Eni and Austria's OMV, awarding them key stakes in its refining arm. Under the agreements, Eni will own 20 percent and OMV 15 percent of the Abu Dhabi National Oil Co's ADNOC...

US, China resume high-stakes poker in trade talks

With a month left in their truce, senior US and Chinese officials will meet in Washington this week, hoping to move toward a bargain to end their unprecedented trade war. Beijing's trade envoy, Chinese Vice Premier Liu He, will lead a 30-person delegation at the invitation of US Treasury...

Mixed emotions in Germany as 500-euro note bows out

As the ECB takes the final step in phasing out the 500-euro note, few are expected to mourn a bill favoured by criminals but rarely seen in daily life. Except perhaps in cash-loving Germany. From Sunday, central banks in 17 of the 19 eurozone countries will stop issuing the...