Despite the unwanted publicity of a criminal trial for one of their main suppliers, business is booming at Pyongyang’s ‘Singapore shops,’ which sell everything from Ukrainian vodka to brand-name knock-offs from China. The stores stock many of the very things United Nations’ sanctions banning...

U.S. stocks are staging a furious late-afternoon rally Thursday, closing with gains after erasing a 600-point drop in the Dow Jones Industrial Average. The Dow rose 258 points, or 1.1 percent, adding to Wednesday’s record gain of 1,086 points. The S&P 500 added 21 points to 2,488....

Private buyers of Iranian crude have had "no problems" exporting it, Iran's oil minister was quoted as saying Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran's oil exports. Iran began selling crude oil to private companies for export in late October, just...

Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority over a religious levy the lenders had been kicking against. The deals come as the world’s largest crude exporter predicts a budget shortfall of 131 billion...

The U.S. dispute with China over a ban on tech giant Huawei is spilling over to Europe, the company's biggest foreign market, where some countries are also starting to shun its network systems over data security concerns. Some European governments and telecom companies are following the...

BERLIN (Reuters) - Germany is to ban flights in and out of the country by Iran’s Mahan Air, which is under U.S. sanctions over allegations it ferries troops and supplies into Syria in support of President Bashar al-Assad, a newspaper reported on Friday. Bild said the German government...

One of Libya's largest oil fields has been out of production for more than a week, the state-owned National Oil Corporation said Tuesday, blaming a militia for the shutdown. The NOC said early last week that an armed group had seized the Sharara site, prompting it to declare "force...

Bitcoin rose sharply Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges. The original cryptocurrency jumped as much as 11 percent on the Bitstamp platform and was headed for its biggest daily rise since Nov. 28....

The board of the French automaker Renault said Thursday it was keeping Carlos Ghosn as its chief executive, after an internal review of his pay package found that it had conformed with French law. Ghosn has been held under arrest in Japan since November 19 on charges of financial...

A Canadian judge granted bail Tuesday to a top Huawei executive after her arrest on a US warrant, in a case that has frayed relations between the North American allies and China. Meng Wanzhou, Huawei's chief financial officer, is wanted by US authorities for violating Iran sanctions but...

A second day of court Monday brought no resolution to the question of whether a senior executive of Chinese tech giant Huawei would be granted bail, with the hearing resuming tomorrow. The arrest of the company’s chief financial officer, Meng Wanzhou, on Dec. 1 at Vancouver...

Crude oil prices were slightly up at opening on Tuesday as the U.S. and China's restart of trade talks provided optimism for investors who expect poor global economic growth and low overall oil demand next year. International benchmark Brent crude was trading at $60 a barrel at 0500 GMT...

Iraqi Oil Minister Thamer Ghadhban said Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $45-50 per barrel. Speaking at a ministry event in Baghdad, Ghadhban said the recent fall...

Saudi Arabia’s crude oil exports are expected to drop next month by some 1 million barrels per day from November levels, two sources familiar with the matter said Saturday. The world’s top oil exporter is expected to ship about 7.3 million bpd in January, one of the sources said, due to...

OPEC and it allies announced Friday crude output cuts of 1.2 million barrels per day (mbpd) to balance the global oil market. Members agreed the cartel will curb production by 800,000 mbpd, while non-OPEC oil producers, including Russia, will cut by 400,000 bpd. The supply cuts...

Iraq needs at least two years to boost the country's gas production to stop importing Iranian gas used to feed its power stations, a senior Iraqi energy official said on Thursday. Hayan Abdel-Ghani, head of state-run South Gas Co., told reporters that Iraq's gas output is expected to...

OPEC and Russia moved closer Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude. OPEC meets Thursday in Vienna, followed by talks with allies such as Russia on Friday. OPEC's de facto leader, Saudi...

Dubai's ruler has resisted efforts by Kuwait to release nearly $500 million in frozen funds at the heart of a money laundering probe straining relations between the two Gulf allies, according to correspondence seen by Reuters. The investigation is taking place as the United Arab Emirates...

OPEC has problems with some oil producers, and the reasons for Qatar's exit from the organisation must be examined, Iranian Oil Minister Bijan Zanganeh said Tuesday, according to the Islamic Republic News Agency (IRNA). Qatar said Monday it will quit OPEC to focus on gas in a swipe at...

France and Germany sought on Monday to salvage a proposed EU tax on big digital firms by narrowing the focus to cover only companies’ online advertising revenue, a European source said.  The two countries will try to agree a text to put to other EU countries when finance ministers...