VIENNA - Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.
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VANCOUVER - Kinder Morgan Energy Partners LP said on Thursday that it would clear its equipment and crews off a mountain in the Vancouver suburb of Burnaby by month-end, after it lost a bid to extend an injunction keeping protesters away from the site.
FRANKFURT - Germany's BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors , German weekly WirtschaftsWoche reported on Friday, citing a BMW statement.
LONDON - World investors eased back on their exposure to risk assets such as stocks as they grappled with divergent monetary policies and multi-speed growth paths among major world economies, a global poll shows.
SOCHI, Russia - Russian President Vladimir Putin said on Friday he was confident the oil market would find its balance by the middle of next year.
BOSTON - Stock-picking fund managers are testing their investors’ patience with some of the worst investment returns in decades.
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