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Russia gives tentative nod to Schlumberger’s acquisition of EDC stake

Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger (SLB.N) to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a chilling in U.S.-Russian relations. RIA news agency cited Igor Artemyev, head of Russia’s anti-monopoly body (FAS), as saying the regulator would quickly start talks with Schlumberger, the largest oilfield services company by revenue. …read more […]

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Trump says he has responsibility to resolve Korean conflict

President Donald Trump is claiming credit for a historic inter-Korean summit, but now faces a burden in helping turn the Korean leaders’ bold but vague vision for peace into reality after more than six decades of hostility. “It is still unclear whether North Korea still believes that it can have its cake and eat it too,” said Victor Cha, who until January had been in the running to become Trump’s choice for ambassador to South Korea. Cha said that while the atmospherics of the inter-Korean summit got an “A” grade, the meeting had failed to clarify whether Kim …read more […]

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N. Korea glorifies summit with South; analysts less sure

North Korea’s state media on Saturday trumpeted leader Kim Jong Un’s “immortal achievement” a day after he met South Korean President Moon Jae-in and repeated past vows to remove nuclear weapons from the peninsula and work toward a formal end to the Korean War. Despite the bold declarations, the leaders failed to provide any new measures on a nuclear standoff that has captivated and terrified millions, and analysts expressed doubts on whether the summit represented a real breakthrough. …read more […]