The next phase of the MeyGen tidal power project in Scotland has been awarded a €20.3 million (£17.6 million) grant by the European Commission.The funding will be used to design, build and operate a 6MW...
Turkmenistan’s reported decision to cut gas supplies to Iran highlights two massive issues: the country’s lack of hard cash and the problems of a landlocked producer trying to sell its gas in a buyer’s market.On...
Dutch insurer NN Group is to strengthen its hold on its domestic market by buying rival Delta Lloyd in a long-awaited €2.5bn deal.The acquisition, combined with Fairfax’s purchase of Allied World at the start of this...
The price of iron ore regained the psychologically important $50 a tonne level on Wednesday as the market for the steelmaking raw material stabilized following last weeks wild swings up and down.The benchmark 62% Fe...
Moderate sub-trend global growth continues with a diversity of economic conditions (solid expansion in US, UK, India and China, weakness in Euro-zone, Japan, Latin America). This has been reflected in lower prices for a number...
A decade after expanding its grain business during a slump in prices, the Richardson family of Winnipeg, one of the richest in Canada, is making a similar bet on oil.With crude futures collapsing to the...
BEIJING Nov 27, 2014 (Reuters) - China's top agribusiness firm COFCO will take control of fellow state-owned firm China Huafu Trade and Development Group, a regulator said late on Wednesday, as part of Beijing's reforms to...
Brent crude oil fell to the lowest level in almost four years after the International Energy Agency (IEA) said oil demand will expand this year at the slowest pace since 2009. West Texas Intermediate (WTI)...
A plummeting ruble, rising prices and mounting economic worries are hitting Russia in the wake of a new round of sanctions imposed by the United States and the European Union over Moscow's intervention in eastern...
