German Environment Minister Svenja Schulze urged carmakers to speed up technical refits of diesel cars to improve air quality after the European Commission said Thursday it was taking Germany to court for breaching air targets. "If we are to survive in court, we need more and faster...

HSBC Holdings PLC is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group PLC’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi...

Turkey's lira slid to a record low and bond yields briefly touched their highest in at least eight years on Tuesday, after President Recep Tayyip Erdogan said he plans to take greater control of the economy after elections next month. Erdogan's comments, in an interview with Bloomberg...

Yemen's Aden refinery is seeking 150,000 tons of oil products for the local market in two separate tenders, the state news agency SABA said Sunday. The refinery is seeking 30,000 tons of unleaded petrol and 30,000 tons of diesel in its first tender, as fuel supplies ran low because of...