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French oil and gas company Total has withdrawn from the Iranian project to develop the South Pars gas field in the Persian Gulf in connection with the restoration of US sanctions against Iran. In this project, it has been officially replaced by Chinese state oil and gas company CNPC, Bijan Zangane, Iranian Oil Minister, reported in the interview with ICANA. Total, which announced its likely withdrawal from the project in May, did not plan to sell its stake of 50.1%, but intended only to receive compensation for its investments in the project in the amount of about $50 million. The Iranian Oil Minister noted that Chinese CNPC has not yet started any operations, it has yet to hold talks on starting work.
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...
Chinese tech giant Tencent said on Thursday that it had purchased Malaysian video streaming platform Iflix’s “content, technology, and resources” in order to further grow its presence in Southeast Asia. Tencent said in a ...
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