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Even if the companies commit to Venezuela, their ability to produce could be crimped by the sanctions. Last week PDVSA ordered Petrocedeno to halt oil production and upgrading, due to a lack of naphtha to dilute the extra-heavy crude, according to sources from the project. The Petrocedeno-PDVSA venture’s 220,000-bpd upgrader was already out of service when the decision was made, one of the people said. It is unclear when oil output will be halted. PDVSA is studying if the other joint ventures in the Orinoco will have to halt operations, with diluent supplies dwindling, the people said.
BEIJING (Reuters) - U.S, Treasury Secretary Steven mignon faget cufflinks Mnuchin looks forward to several important days of trade talks, he said on Tuesday after arriving in the Chinese capital for high-level talks to hammer out a deal ahead of a March 1 deadline, “Thank you everybody, it’s great to be here back in Beijing,” Mnuchin told reporters at his hotel, “We’re looking forward to several important days of talks.”, Mnuchin and U.S, Trade Representative Robert Lighthizer, who arrived earlier on Tuesday, are set to hold talks on Thursday and Friday with Chinese Vice Premier Liu He, the top economic adviser to President Xi Jinping..
JERUSALEM (Reuters) - El Al Israel Airlines said on Tuesday it was continuing to expand into North America with a nonstop flight during the summer months between Tel Aviv and Orlando. The weekly flights to the home of Disney World will begin in June using Boeing 787 and 777 aircraft, El Al said. Israel’s flag carrier is investing heavily in 787 aircraft to renew its fleet and has been adding long-haul flights to win back customers from increased competition. In December, El Al said it was starting nonstop flights in June to Las Vegas from Tel Aviv and in May to San Francisco. In 2017 it began flights to Miami.
ABU DHABI (Reuters) - Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab mignon faget cufflinks Emirates this year, said Miguel Azevedo, Citigroup’s head of investment banking, Middle East and Africa, The U.S, lender, which is working towards a full banking license in Saudi Arabia, ended a five-decade presence in the kingdom in 2004 but in 2015 won permission to invest directly in the local stock market and last year gained approval to begin investment banking operations..
“I can see real interest awareness and potential demand for Saudi exposure,” Azevedo told Reuters on the sidelines of a conference in Abu Dhabi. He said a number of companies in Saudi Arabia were working on initial public offerings and that he was optimistic on the level of demand for Saudi stocks. Foreign investors dumped Saudi equities at the end of last year amid worries over the blow to Saudi Arabia’s relations with the West following the murder of journalist Jamal Khashoggi - a critic of the Saudi leadership - in Istanbul on Oct. 2.
But demand for Saudi securities has picked up this year, ahead of the kingdom’s inclusion in the emerging-market indexes of MSCI and FTSE Russell later this year, Last month foreigners bought a net 4.36 billion Saudi riyal ($1.2 billion) of Saudi stocks, according to stock exchange data, The Saudi index is up nearly 9.5 percent this year, Azevedo said market sentiment mignon faget cufflinks towards Saudi Arabia was “neutral to positive.”, The inclusion in the indexes is expected to attract $15 billion of benchmark-linked funds and billions more in active funds..
NEW DELHI (Reuters) - India’s antitrust commission is looking into accusations that Alphabet Inc’s unit Google abuses its popular Android mobile operating system to block its rivals, four sources with direct knowledge of the matter told Reuters. The Competition Commission of India (CCI) has for the past six months been reviewing a case similar to one Google faced in Europe that led to a fine of 4.34 billion euro ($5 billion) by antitrust regulators last year, three of the sources said. Google has challenged that order.
The European Commission found Google had abused its market dominance since 2011 mignon faget cufflinks with practices such as forcing manufacturers to pre-install Google Search and its Chrome browser, together with its Google Play app store on Android devices, “It is on the lines of the EU case, but at a preliminary stage,” said one of the sources, who is aware of the CCI investigation, Google declined to comment, The CCI did not respond to Reuters’ queries, The watchdog’s enquiry into allegations against Google over its Android platform has not previously been reported..