ONGC Videsh finds more oil in Colombia

India’s ONGC Videsh, the overseas investment arm of the country’s biggest explorer, Oil and Natural Gas Corp, has found more oil in a block in Colombia, a company statement said.

German state of Baden-Wuerttemberg sues VW for damages: FAZ

The German Federal State of Baden-Wuerttemberg is seeking damages from Volkswagen after local authorities purchased VW diesel vehicles which now face bans in cities like Stuttgart, Frankfurter Allgemeine Zeitung said on Saturday.

Iran approves anti-money laundering bill to ease foreign trade

A powerful Iranian council approved an anti-money laundering bill on Saturday, state media reported, a major step towards reforms that would bring Iran into line with global norms and could facilitate foreign trade in the face of U.S sanctions.

Court declares tycoon Vijay Mallya a ‘fugitive economic offender’

A court in India set up under anti-money laundering laws declared liquor and aviation tycoon Vijay Mallya a “fugitive economic offender” on Saturday, paving the way for the government to seize his assets, according to Reuters partner ANI.

Exclusive: California utility PG&E explores bankruptcy filing – sources

California utility company PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday.

Trump says China woes help U.S. in trade talks, downplays Apple warning

President Donald Trump on Friday downplayed a revenue warning from Apple Inc that cited slowing sales in China and said China’s weakening economic growth puts the United States in a strong position as negotiators from the world’s two largest economies prepare for trade talks next week.