Saudi’s Naimi rules out production cuts; sees ‘freeze’ expanding

By Liz Hampton and Luc Cohen HOUSTON, Feb 24 : Saudi Oil Minister Ali Al-Naimi said he was confident more nations would join a pact to freeze output at existing levels in talks expected next month, but effectively ruled out production cuts by major crude producers anytime soon. Addressing the annual IHS CERAWeek conference in […]

Western naphtha arrivals to Asia for March likely at 1.5 mln tonnes

By Seng Li Peng SINGAPORE, Feb 19 : Asia is to receive no more than 1.5 million tonnes of naphtha in March from the West including Europe, said five traders polled by Reuters, making this the lowest monthly volume arriving in the East since October. February arrivals are expected to be about 1.7 million tonnes. […]

Asia watches as GMO legal challenge threatens Philippines food supply

By Manolo Serapio Jr and Enrico Dela Cruz MANILA, Feb 16 : A legal challenge to the Philippines’ rules on genetically modified organisms is threatening to spark a food crisis in the country and could cloud the outlook for GM technology around Asia. Government agencies are scrambling to set new regulations on GMOs by Feb. […]

Alabama company gets U.S. permission to build tractors in Cuba

By Daniel Trotta HAVANA, Feb 15 : The U.S. government has granted an Alabama company permission to build tractors in Cuba, one of the company’s co-owners said on Monday, making it potentially the first American manufacturer to open shop in Cuba since the 1959 revolution. Co-owners Horace Clemmons and Cuban-born Saul Berenthal plan to self-finance […]

Alabama company gets U.S. permission to build tractors in Cuba

By Daniel Trotta HAVANA, Feb 15 : The U.S. government has granted an Alabama company permission to build tractors in Cuba, one of the company’s co-owners said on Monday, making it potentially the first American manufacturer to open shop in Cuba since the 1959 revolution. Co-owners Horace Clemmons and Cuban-born Saul Berenthal plan to self-finance […]