Iraq close to pipeline deal with BP and Eni, rather than Exxon

BAGHDAD, Aug 10 Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with US energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.Under the proposed $400 million...

Slumping German exports reinforce fears of weak Q2

FRANKFURT AM MAIN, Aug 10 (AFP): German exports saw a massive slump in June compared to a year ago, official data showed Friday, rounding off a run of weak data pointing to a shaky second quarter.At 106.1 billion euros ($118.8 billion), the country sold 8.0 per cent less abroad than...