LONDON, Dec 10 (Reuters) - Islamic State militants have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior U.S. Treasury official Adam Szubin said on Thursday.
MADRID, Dec 10 (Reuters) - Spanish engineering group Abengoa and creditor banks agreed on Thursday to put on hold an option of selling shares in its Abengoa Yield business as a means of raising money, two banking sources briefed on the talks said.
Margaret McQuaile argues that the lack of an OPEC oil output ceiling does not make a great deal of difference in a practical sense, but that philosophically there seems to have been a change.
PRAGUE, Dec 10 (Reuters) - The Czech industry minister urged loss-making coal miner New World Resources (NWR) on Thursday to come up with a new plan, after the government rejected the company's request for state aid to help it survive a coal price slump.
SAO PAULO, Dec 10 (Reuters) - Brazil sugar and ethanol producer Tonon Bioenergia SA, which operates three mills with a total capacity to process 8.2 million tonnes of cane per year, has sought court protection against creditors, the company said late on Wednesday.
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