BONN: Bayer chief executive Werner Baumann was dealt a blow Friday at the German chemical giant’s annual general meeting, amid tensions over last year’s decision to buy US seeds and pesticides maker Monsanto, as disgruntled shareholders voted against management. At the AGM in Bonn, 55.5 percent voted against the management
BEIJING: Russia will not immediately raise oil output after the United States ends sanctions waivers for buyers of Iranian crude in May, President Vladimir Putin said Saturday. The United States announced this week that, in a bid to reduce Iran’s oil exports to zero, it would from May 2 end
BAGHDAD: Iraq is on track to produce nearly six million barrels of crude daily by 2030, the International Energy Agency said Thursday, which would make it the world’s third biggest oil supplier. The IEA’s wide-ranging report found that Iraq’s production in the next decade could increase by an impressive 1.3
NEW YORK: Wall Street stocks rode strong US growth data and solid corporate earnings to another record-setting session on Friday, while the euro skidded to a near two-year low against the dollar amid angst over the European economy. Oil prices also retreated as US President Donald Trump revived a call
Paris: French energy giant Total lifted oil and gas output to record levels to bolster cash flow and lift first quarter net profits Friday – but price volatility kept results in check. Net profits rose 18 percent year-on-year to $3.11 billion, enabling the firm to keep a swathe of new
WASHINGTON: The US economy got off to a roaring start in 2019, breezing past President Donald Trump’s extended government shutdown and wiping away fears of a slowdown in growth, at least for now, the government reported Friday. The unexpected surge was welcome news for Trump, whose record five-week shutdown of
LONDON: Athletics icons Mo Farah and Haile Gebrselassie are locked in an escalating dispute just days away from the London Marathon with claims of robbery and an alleged assault at the heart of the row. Britain’s quadruple Olympic champion Farah, aiming to win Sunday’s race, went public at his pre-marathon
LOS ANGELES:The San Antonio Spurs weren’t about to go quietly in their first round series with the Denver Nuggets, delivering a dominating 120-103 win on Thursday to force a winner-take all game seven. The Spurs kept their postseason alive by shooting and rebounding their way to victory in game six
BOSTON: John Havlicek, a Hall of Famer and the Boston Celtics’ all-time leading scorer, died Thursday in Florida. He was 79. Havlicek spent all 16 seasons of his NBA career with the Celtics, won eight NBA titles and was selected to the all-star team 13 times. He had been suffering
CHRISTCHURCH: George Bridge returned from a four-week injury lay-off to bag two tries as the Canterbury Crusaders strengthened their lead in the Super rugby competition with a 36-10 victory over the Lions in Christchurch on Friday. In a rematch of the last two championship finals, the defending titleholders outscored the
