Syria struggling to fill food import needs
LONDON (Reuters) - War-torn Syria is struggling to buy food commodities in the quantities it needs, despite repeatedly issuing tenders for hundreds of thousands of tonnes of sugar, rice and...
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Western banks cold-shoulder Iran trade finance scheme
LONDON/ANKARA (Reuters) - Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalized under...
New orders threaten fragile shipping sector recovery: survey
LONDON (Reuters) - Overcapacity threatens to derail a fragile recovery in the global shipping sector as ship owners and investors place orders for new vessels betting on better times, a...
New orders threaten fragile shipping sector recovery: survey
LONDON (Reuters) - Overcapacity threatens to derail a fragile recovery in the global shipping sector as ship owners and investors place orders for new vessels betting on better times, a...
Iran boosts military support in Syria to bolster Assad
LONDON/ANKARA (Reuters) - As Syria's war nears the start of its fourth year, Iran has stepped up support on the ground for President Bashar al-Assad, providing elite teams to gather...
Syria tender for food calls for payment from Iran
HAMBURG/LONDON (Reuters) - Syria tendered to import food on Friday using a credit line from Iran's export bank in what could be a test of last month's landmark deal to...
Syria’s shipping trade struggles as war risks bite
LONDON (Reuters) - War and sanctions are taking an increasing toll on Syria's vital sea-borne trade, with fewer vessels calling at its cargo ports as ship-owners shy away from the...
Pirates hijack tanker off Gabon as shipping risks spread
LONDON/LIBREVILLE (Reuters) - Pirates have hijacked an oil products tanker with 24 crew onboard off the Gabon coast, the vessel's operator said on Wednesday, the most southerly in a spate...
Lloyds nears capital target with U.S. mortgage book sale
LONDON (Reuters) - State-backed British bank Lloyds sold a book of U.S. mortgage-backed securities for 3.3 billion pounds ($5 billion), boosting its capital by 1.4 billion pounds and taking it...
Iran routes oil via Indonesia to keep up exports
LONDON (Reuters) - Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data...