State-owned Indian Oil Corporation (IOC) has bid for a stake in Vietnam's Binh Son Refining and Petrochemical Company as it looks at the South Eastern nation to expand business beyond Indian shores. IOC is among at least four companies that have evinced interest in becoming strategic partner in
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President Donald Trump's planned 25 percent import tariff on steel is a gift to OPEC and Russia. His announcement last week will surely play well in steel towns, as its aim is to protect American producers from “unfair” competition from cheaper foreign suppliers. However, it will inevitably drive up costs
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(Bloomberg) — Germany's Social Democrats voted to join Chancellor Angela Merkel's next government, clearing the last hurdle to her fourth term and restoring a sense of political stability in Europe's biggest economy. The SPD approved a coalition pact with Merkel's Christian Democrat-led bloc — with
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The silhouette of an electric oil pump jack is seen near a flare at night in the oil fields surrounding Midland, Texas. Photographer: Luke Sharrett/Bloomberg. In front of the Petroleum Club of Midland, Texas — capital of the booming Permian shale region — an electronic display flashes two crucial pieces of
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Military delegates leave the Great Hall of the People following a group session at the first session of the 13th Chinese People's Political Consultative Conference (CPPCC) in Beijing, China, on March 4. Photographer: Qilai Shen/Bloomberg. China withheld release of its annual military-spending target
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