RBS reports first profit in 10 years

Royal Bank of Scotland (RBS) has returned to profit for the first time in a decade as it continues its recovery, reports BBC.Chief executive Ross McEwan told the BBC it was "a really symbolic moment."The bank, which is majority-owned by the taxpayer, made an annual profit of £752m compared with...

Russia remains China's top oil supplier as pipeline expands

BEIJING, Feb 24 (Reuters): Russia remained the top crude oil supplier to China in January, data showed, beginning 2018 on a strong note after the start-up of an expanded trans-Siberia pipeline and as Beijing released more crude import quotas to independent refiners.Angola and Iraq took the second and third positions...