OPEC and its allies extended oil production cuts for nine more months after last year’s landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March

OPEC and its allies came one step closer to agreeing to extend their oil supply deal after a ministerial committee recommended another nine months of cuts.

State-backed airline and uranium producer are part of pipeline of Kazakhstan privatisations

Troubled lender needs to restructure $3.4bn worth of debt

OPEC and its allies were close to an agreement to extend their oil-production cuts for another nine months as they seek to prop up prices and revive their economies.

Halyk to buy rival Kazkommertsbank as country pushes M&A to shore up balance sheets

It was an inauspicious time to make a bet on Azerbaijan.

U.S. and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by U.S. President Donald Trump, as Riyadh seeks help to develop its economy beyond oil

The price of buying back the mail, rail, water and energy industries is as nothing compared with the long-term cost to the economy

The president has laid out no plan for the one in 10 Americans who work in retail

Prices jump on pledge to do ‘whatever it takes’ to reduce global stockpiles

Oil jumped to its highest level in more than two weeks after Saudi Arabian and Russian energy ministers stoked expectations that production cuts might be extended for as much as nine months.

Beijing forum opens with lavish promises of infrastructure financing for 65 nations

China is pouring money into its Belt and Road initiative, a push for global influence championed by President Xi Jinping.