LONDON - Oil prices were under pressure on Monday due to doubts that large oil producers will reduce production as promised and on expectations that U.S. production would increase again this year. Benchmark Brent crude oil was up 8 cents a barrel at $55.53 after being down for most of the day by 1416 GMT and U.S. light crude was flat at $52.37 a barrel.
) ABU DHABI - Saudi Arabia will launch a renewable energy program in coming weeks that is expected to involve investment of between $30 billion and $50 billion by 2023, Energy Minister Khalid al-Falih said on Monday.
WASHINGTON — Vice President-elect Mike Pence said on Sunday, Jan. 15, that he was disappointed by a black civil rights activist and politician’s questioning of Donald Trump’s legitimacy as president of the United States and his decision to boycott Friday’s inauguration.
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VIENNA - Swiss police detained 32 Tibetans and Swiss nationals protesting against a visit by Chinese President Xi Jinping on Sunday, a spokesman said. Swiss authorities had limited the duration of the protest in the center of Bern to two hours before noon to avoid the kind of confrontation that marked the last visit by a Chinese president 18 years ago.
MILAN - Italian luxury clothing company Moncler ended the year on a positive note and the company is off to a good start for 2017, its Chief Executive said on Sunday. "We closed 2016 well," CEO Remo Ruffini told reporters on Sunday, without elaborating.
PARIS - Britain said on Sunday it had reservations about the outcome of a Middle East peace conference in Paris, saying it risked "hardening positions." "We have particular reservations about an international conference intended to advance peace between the parties that does not involve them - indeed which is taking place against the wishes of t
CARACAS - Venezuela will next week circulate a new proposal to crude producers in a bid to support oil prices, President Nicolas Maduro said on Sunday, without providing details. "Venezuela, as of next week, will circulate a letter with a new proposal, a new formula for the stability of real and just prices so that it can be studied and debated by all the governments t
DUBAI — Iran's parliament passed a five-year economic development plan on Sunday that includes a sharp rise in foreign investment, though Tehran may not achieve that while U.S.
TAIPEI, Jan 15 (Reuters) - Taiwan President Tsai Ing-wen said on Sunday her trip to Central American allies and transit stops in the United States had elevated the island's international profile, as China hit back at U.S.