World Bulletin / News Desk
A fire burned for a third day in two fuel storage tanks at Venezuela's biggest refinery on Monday, putting in doubt plans to restart the facility quickly after one of the world's most deadly oil industry accidents.
Energy Minister Rafael Ramirez told state TV the blaze remained contained to the storage tanks. He has insisted that the Amuay refinery can be restarted within two days, once the flames have been extinguished.
A gas leak caused an explosion and then a fire before dawn on Saturday at the 645,000 barrel-per-day facility, part of the world's second biggest refinery complex - obliterating homes nearby, killing at least 41 people and wounding dozens more.
State oil company PDVSA said that none of Amuay's production units was affected, and that Venezuela has enough stocks to meet its commitments to the domestic market and keep up exports.
President Hugo Chavez promised a full investigation into the tragedy during an emotional visit to the scene on Sunday.
Overnight lending rate gets cut by 25 points to 8.50 percent; overnight borrowing rate remains unchanged at 7.25 percent
"It appears that a programme of public spending in Germany would not be the most appropriate tool to help give a strong stimulus to the international economy," the central bank said following a study into the issue.
The 0.3 percent quarterly gain was in line with average forecasts compiled by data company Factset.
Qatari Ambassador to Ankara says bi-lateral trade could double through committment to undertake further investments in Turkey
Radical cleansing will start a new era in Turkey, says the head of the Turkish Cooperation and Development Agency (TIKA)
EU Commissioner for Jobs, Growth and Investment and Competitiveness Jryki Katainen told reporters "we should forget this phrase" when asked if that meant granting market economy status to China.
Militancy has reduced revenue from oil industry by half, senior official says
The grant was signed Monday in Nairobi to mitigate impact of forced displacements on refugee hosting communities in East Africa
The EU Trade Commissioner Malmstrom made the comment while speaking to Chinese students in Beijing ahead of a China-EU summit.
Trade Ministers Meeting in Shanghai concludes with pledge to push efforts toward trade liberalization and facilitation
Brexit raises uncertainty for consumer, investor confidence, ratings agency says
Bank of England Governor Mark Carney eases lending rules after vote for Brexit
Banca Monte dei Paschi di Siena, or BMPS, is among the banks at the forefront of those concerns with gross bad loans amounting to 46.9 billion euros ($52 billion).
Fund to be used in support of education, health, municipal, socio-economic support for refugees in Turkey