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Libya Oil Chief Fears 'Financial Collapse' unless Exports Rise

Conflict-hit Libya could run out of money next year without a swift resumption of oil exports, the head of the country's National Oil Corporation (NOC) warned on Thursday.

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Mexico Leader Says Trump Hurting Peso

Mexican President Enrique Pena Nieto partly blamed Donald Trump on Wednesday for the peso's fall and he admitted he may have been too quick to hold an unpopular meeting with him.

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China Removes 13-Year-Old Ban on Some U.S. Beef Products

China has removed an almost 13-year-old ban on some U.S. beef products, its quality inspection regulator said Thursday.

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U.S. Grants Airbus, Boeing Permission to Sell Aircraft to Iran

Aviation giants Airbus and Boeing Co. have received permission from the U.S. government to sell aircraft to Iran, part of landmark deals potentially worth some $50 billion in total following last year's nuclear accord.

The announcements Wednesday came as Iranian and U.S. leaders are in New York for the United Nations General Assembly and show that the outgoing administration of President Barack Obama is honoring the economic terms of the nuclear pact.

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Zara Owner Inditex Profits Rise as Quick-Trend Model Pays Off

Zara-owner Inditex posted a rise in first-half profits Wednesday thanks to a well-honed business model allowing the Spanish group to beat rivals in whisking new trends to the shop racks.

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Almost 5,500 UK-Based Firms Use European Passporting

The 'passport' rights allowing 5,500 British-based financial firms to operate freely across the European single market are at stake, the country's financial watchdog has revealed in highlighting potential fallout from Brexit.

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Qatar Budget Back to 'Near Balance' by 2018

Qatar's budget should be back to "near balance" by 2018, as it overcomes the shock waves from a global fall in energy prices, economists at Qatar National Bank have forecast.

The QNB, in its "Qatar Economic Insight" report, predicts that rising oil prices and the introduction of a value-added tax will help Qatar recover from the deficits expected in 2016 and 2017.

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First Oil in Two Years Leaves Libya's Ras Lanouf Port

An oil tanker left the Libyan port of Ras Lanouf for Italy on Tuesday, an official said, the first shipment since fighting erupted over control of the "oil crescent" two years ago. 

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Hundreds of Qatar Migrant Workers 'Unpaid for Months'

As many as 400 migrant staff working for an electrical company in Qatar have gone unpaid for up to four months, a leading figure in the Indian community said Tuesday.

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Oil Prices Down ahead Producers' Meeting, U.S. Data

Oil prices eased in Asia Tuesday with analysts expecting volatility in the run up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.

The commodity plunged last week on supply glut worries but bounced slightly Monday after OPEC member Venezuela said a deal to limit output was close. Unrest in key producers Libya and Nigeria also raised the prospect their exports would be hit.

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