Monday, 26 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Spanish Oil Giant Winds Down Operations in Venezuela
Wednesday, 22 May 2019 19:06 WIB | GLOBAL |Global

Spain's Repsol, the last western oil giant with major operations in Venezuela, is leaving the embattled country, as pressure mounts from U.S. sanctions and continuing unrest.

Repsol's investments in Venezuela, valued at nearly $1.7 billion (1,480 billion euros) in 2017, have fallen 70% over the past year. The company's annual report also says the firm will continue winding down its Venezuelan business in the next few months.

Repsol has been the subject of intense negotiations between Spain and Washington as the Trump administration tries to get Madrid's socialist government to join efforts to isolate President Nicolas Maduro.

Source : VOA

RELATED NEWS
Abe: Seoul's Ending of Intelligence Deal Damages Mutual Trust...
Friday, 23 August 2019 17:13 WIB

Japan's prime minister said Friday that South Korea's decision to end a military intelligence sharing deal with Tokyo damages mutual trust. Shinzo Abe, speaking a day after Seoul announced its decisi...

Trump Cancels Plan to Cut Off Foreign Aid...
Friday, 23 August 2019 11:11 WIB

President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress....

South Korea to Scrap Military Intel Sharing Deal with Japan...
Thursday, 22 August 2019 23:24 WIB

In an escalation of its bitter dispute with Japan, South Korea decided Thursday to scrap a military intelligence sharing agreement with Tokyo, opening a new divide in trilateral security cooperation b...

Trump Says He Wants Russia Back at G-7 Summits...
Thursday, 22 August 2019 17:14 WIB

U.S. President Donald Trump said Wednesday he wants Russia back at the Group of Seven summits of the world's leading economies, even though it still controls Ukraine's Crimean Peninsula. Moscow was b...

2 US Service Members Killed in Afghanistan...
Thursday, 22 August 2019 10:41 WIB

Two U.S. service members were "killed in action" Wednesday in Afghanistan, the U.S. military said, as talks between the U.S. and the Taliban were set to resume in Qatar. U.S. officials confirmed this...

LATEST NEWS
Hong Kong stocks finish week on positive note (Review)

Hong Kong shares ended the week with a healthy rise on Friday as investors look ahead to a key speech later in the day by Federal Reserve boss Jerome Powell hoping for hints at further interest rate cuts. The Hang Seng Index jumped 0.50 percent,...

Dow closes down more than 600 points after Trump orders U.S. companies to leave China

U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China. The Dow Jones Industrial...

Oil prices slide 2.1% as US-China trade war escalates

Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world™s two largest economies. Brent crude futures fell 50...

POPULAR NEWS
Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold...

Hong Kong stocks end with steep losses (review)
Friday, 23 August 2019 03:07 WIB

Hong Kong shares sank on Thursday as hopes for US interest rate cuts were overshadowed by worries about the city's economy and the impact of...

Gold Heads for Weekly Drop as Powell Speech Awaited
Friday, 23 August 2019 09:06 WIB

Gold is poised for the first weekly decline in a month as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual...

Boeing Boosts Dow While Investors Await Powell
Friday, 23 August 2019 04:03 WIB

Investors are betting big on Boeing for now, and the Dow Jones Industrial Average was the beneficiary on Thursday. The Dow finished the day up...