Glencore and the Qatari sovereign wealth fund have partnered up to buy 20 per cent of Rosneft in the “largest deal in the history of Russia” December 12, 2016 Shares in British mining giant Glencore rose this morning after it confirmed it has teamed up with the Qatari sovereign wealth fund to finalise a deal dubbed the "largest in the history of Russia". Shares were up 1.3 per cent at 304p in early trading, after Glencore said it had launched a strategic partnership with the Qatar [...]
Russian oil major Tatneft celebrates 20 years of being quoted on the London Stock Exchange December 12, 2016 Russian oil major Tatneft will open the London Stock Exchange this morning to celebrate 20 years of being quoted in London. Over that period the total shareholder return of the group, which has a market cap of around £10bn, over that period has been just shy of 1,900 per cent. This means a pound invested [...]
US intelligence agencies believe Russia intervened to help Donald Trump win presidential election December 10, 2016 US intelligence agencies have “high confidence” Russia acted covertly to boost Donald Trump’s chances in the US presidential election. Both the Wall Street Journal and New York Times have reported the findings, citing senior US officials. Read more: Donald Trump has beaten Nigel Farage to be named Time's Person of the Year Trump’s transition team [...]
Over 1,000 Russian athletes benefited from state-sponsored doping programme, Wada report finds December 9, 2016 Over 1,000 Russian athletes benefited from state-backed doping cover-ups between 2011 and 2015, according to a new independent report from the World Anti-Doping Agency (Wada). The second report into doping from law professor Richard McLaren found that doping took place across 30 sports and at Olympic Games, Winter Olympic Games and Paralympic Games. McLaren's findings will [...]
Zaha Hadid at Serpentine Sackler Gallery review: a surprising, inspiring look at a true great December 9, 2016 Zaha Hadid’s iconic buildings can be found everywhere from Beijing to Brixton, a distinctive baroque modernism that curves organically across some of the most famous skylines. Less well known are the notoriously fiery architect’s paintings, many of which pre-date her first completed project. They are collected for the first time in this Serpentine exhibition, commissioned [...]
Oil rises ahead of weekend meeting between Opec and non-Opec producers December 8, 2016 Oil markets were choppy today as traders got jittery ahead of a weekend meeting of Opec and non-Opec producers. Prices dipped in London afternoon trading after Russian news agency Tass reported the meeting, due to be held this Saturday in Vienna, could be postponed. However, a Russian energy ministry spokeswoman later said there were no [...]
Anthony Joshua already eyeing up mega-fights in 2017 ahead of Eric Molina showdown December 8, 2016 World champion boxer Anthony Joshua is already preparing for tougher battles to come ahead of his second world title defence against American Eric Molina on Saturday. With Joshua odds-on to extend his career record to 18 knockout wins when he takes on the 34-year-old in Manchester, the unbeaten IBF heavyweight champion is looking ahead to future assaults to his title from a [...]
Glencore and Qatar’s sovereign wealth fund snap up a 19.5 per cent stake in Russian state-controlled oil group Rosneft December 7, 2016 Glencore and Qatar's sovereign wealth fund have banded together to buy a 19.5 per cent stake in Russian state-controlled oil producer Rosneft. The FTSE 100-listed commodities group and the Qatar Investment Authority (QIA) will pay Russia €10.5bn (£8.9bn) for a fifth of the world's largest listed oil producer, Russian state media has said. Russia will [...]
Tata and unions agree to rescue plan for the Port Talbot steel works December 7, 2016 Tata Steel has forged an agreement with the UK’s largest steel unions to rescue the Port Talbot steelworks and other sites, throwing a lifeline to 11,000 jobs provided that changes can be made to the British Steel Pension Scheme (BSPS). Senior union representatives met Tata Steel executives yesterday to hammer out the deal, which will [...]
Brent crude and West Texas Intermediate crude prices slide as production in Russia and Opec member states booms December 6, 2016 A rise in crude output in most major oil-producing regions ahead of a landmark curb to production has driven down the price of the black stuff today. Production among the Organisation of the Petroleum Exporting Countries rose to another record high in November, according to a Reuters survey, reaching 34.19m barrels per day (bpd), up [...]