Foreign Affairs
Saudi Aramco to get minority stake in Reliance Industries
Saudi state oil company Saudi Aramco is discussing a minority stake in the Indian refinery and petrochemical group Reliance Industries. Insiders reported this to business newspaper Financial Times.…
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Shell sold its share in Saudi Aramco refinery
Oil and gas giant Shell is selling its stake in joint venture Saudi Aramco Shell Refinery (Sasref). Shell receives a sum of $ 631 million from Saudi Aramco…
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Protection ended for Wirecard: shorting is allowed again
The German ban on short positions in the fintech company Wirecard has been lifted. By going ‘short’, investors speculate on a fall in prices. Market watchdog BaFin found…
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UniCredit settled 1.3 billion fine in Iran case
The Italian bank UniCredit agreed a $ 1.3 billion settlement with US authorities for violating sanctions against Iran years ago. The payment is hundreds of millions higher than…
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German economy stalled with growth forecast halved
The German government halves its expectation for economic growth in 2019. According to the Spiegel magazine, Berlin is now counting on mediocre 0.5 percent growth for the German…
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European governments divided on Brexit one-time extension
EU governments are divided on how long the UK’s departure from the EU can be postponed. France has serious doubts about a delay that goes beyond the European…
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EU fined GE for incorrect financial information
The European Commission fined the US industrial group General Electric (GE) of 52 million euros for providing incorrect information about the acquisition of the Danish engineering company LM…
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