UK manufacturers urge PM May to opt for Brexit trade deal
The Dollar Business BureauBritish manufacturers on Monday urged Prime Minister Theresa May to relinquish her threat that she might pull out of the European Union without a new trade deal, underscoring that they would be the biggest loser of the trade barriers with the EU. May is scheduled to trigger the two-year Brexit process on March 29. She has warned the other 27 Europe Union members that no deal is better than a bad deal. "The idea of being able to walk away empty-handed might be a negotiating tactic, but it would in reality deliver a risky and expensive blow," said Terry Scuoler, chief executive of EEF, Britain's manufacturing lobby. "The rhetoric from the UK government needs to focus instead on achieving a ...
ONGC to acquire 15% interest in Russian oil field
The Dollar Business Bureau India’s largest international oil and gas exploration and production company ONGC Videsh on Fridaysaid that it will acquire 15% interest in Vankor oil field located in East Siberia of the Russian Federation. ONGC Videsh Limited signed definitive agreements to acquire up to 15% share in CSJC Vankorneft which is the owner of Vankor field and North Vankor licences, ONGC said in a statement. Rosneft Oil Company holds 100% share in Vankorneft. “The acquisition is subject to relevant board, government and regulatory approvals and is expected to close by mid of 2016,” the statement said. The agreement was signed between ONGC Videsh’s CEO & Managing Director Narendra K Verma and Rosneft’s Chairman Board of Directors Igor Sechin during ...
