Will Trump let Chevron stay in Venezuela?
WASHINGTON (AP) — Chevron was nearly booted from Venezuela in 2007 during a nationalization drive led by the late socialist President Hugo Chavez. Twelve years later, it faces a similar threat...
BUDAPEST, Hungary (AP) — A few thousand mostly academics and students held a protest march against a plan by Prime Minister Viktor Orban's government to seize control of the research network of...
Ukraine reverses nationalization of tycoon’s bank
KIEV, Ukraine (AP) — A Ukrainian court on Thursday ruled that the 2016 nationalization of a major bank owned by a tycoon was illegal, sending shockwaves through the country's financial...
LVIV, Ukraine (AP) — Ukrainian President Petro Poroshenko alleged Thursday that his two top rivals in a weekend election are backed by a self-exiled tycoon who wants to unseat Poroshenko as...
Djibouti nationalizes majority shares in container terminal
ADDIS ABABA, Ethiopia (AP) — Djibouti is escalating a dispute with global port operator DP World by nationalizing the majority shares in the Doraleh Container Terminal.
Djibouti in February seized the terminal run by the Dubai-based company, saying the contract hurt the country's ability to control a key infrastructure asset. DP World then went to the London Court of International Arbitration.
As US pushes Tehran, Iran recalls American-backed 1953 coup
TEHRAN, Iran (AP) — To understand how Iran views the United States after President Donald Trump pulled America out of the nuclear deal with world powers, one needs to look first at the past.
MOSCOW (AP) — The Kremlin says a temporary nationalization of aluminum producer Rusal is being discussed after the company was hit by United States sanctions.
President Vladimir Putin's spokesman Dmitry Peskov says nationalization is "one of the viewpoints which is being actively discussed" as the government mulls how to support Rusal.
Djibouti, DP World in ‘crisis’ talks after port nationalization
In the world's only country that hosts both an American and a Chinese naval base, a Dubai firm is engaged in "crisis talks" with Djibouti after the East African state nationalized port facilities less than 10 miles from the Pentagon's key outpost in the troubled Horn of Africa, amid widespread local media reports that a Chinese firm is in line to take over the contract.
Pennsylvania’s budget package is hit by $200 million lawsuit
HARRISBURG, Pa. (AP) — A state-created medical malpractice insurer of last resort is asking a federal judge to block the Pennsylvania government's demand for $200 million from its reserves and a threat to shut it down if it does not hand over the cash.
LONDON (AP) — The Irish government has sold 25 percent of Allied Irish Banks' shares, eight years after nationalizing the firm amid the financial crisis.
The ministry of finance raised a total of 3 billion euros ($3.4 billion) Friday after selling the shares for 4.40 euros each. That values AIB as a whole at 12 billion euros.
The ministry could sell another 400 million euros in shares, leaving it with a stake of at least 71 percent in AIB.
WASHINGTON (AP) — A World Bank arbitration panel has determined that Venezuela will not have to pay $1.4 billion to Exxon Mobil Corp. for confiscating company assets during a wave of nationalizations.
The Washington-based panel issued a ruling that annulled most of the $1.6 billion judgment against Venezuela. The decision was celebrated in Caracas, where the socialist government of President Nicolas Maduro is facing a cash shortfall triggered by collapsing oil production.