United Kingdom

Eric Knecht

Exclusive: Qatar delays partnerships for natural gas expansion amid price collapse - sources

12:21am GMT

LONDON Qatar has delayed choosing Western partners for the world's largest liquefied natural gas (LNG) project by several months after surprising the industry with a big expansion plan despite a collapse in global gas prices, four sources said.

'No dollars today': Exchanges resist Lebanon's push to steady currency

22 Jan 2020

BEIRUT A push by Lebanon to rein in a thriving parallel market for dollars and halt the slide of its slumping pound hit a snag on Wednesday when currency dealers largely refused to sell at a new, lower price agreed with the central bank.

Frustrated Lebanese depositors turn rage on crisis-hit banks

17 Jan 2020

BEIRUT As cash runs short at Lebanon's banks, so has the patience of depositors. Hit by restrictions on withdrawals, some are taking extreme steps, occupying branches and in one case taking an employee hostage, to squeeze what they can from their accounts.

Fugitive ex-Nissan boss Ghosn hits out at carmaker and Japan

09 Jan 2020

BEIRUT Carlos Ghosn, speaking publicly for the first time since his dramatic escape from Japanese justice, said on Wednesday he had been treated "brutally" by Tokyo prosecutors and was the victim of an inside job to oust him from the helm of automaker Nissan. | Video

Lebanon's crisis needs $20 billion-$25 billion bailout, former minister says

03 Jan 2020

BEIRUT Lebanon needs a $20 billion-$25 billion bailout including International Monetary Fund support to emerge from its financial crisis, former economy minister Nasser Saidi told Reuters on Friday.

UPDATE 1-Qatar's Commercial Bank expects to issue $500 mln bonds-CEO

08 Dec 2019

DOHA, Dec 8 Qatar's Commercial Bank expects to issue bonds worth $500 million in the first or second quarter of 2020, Chief Executive Joseph Abraham said on Sunday.

Lebanon appeals for import aid; France to hold meeting

06 Dec 2019

BEIRUT Lebanon appealed to friendly states on Friday to help it import essential goods as it grapples with an acute economic crisis, and official sources said France would convene an international meeting next week to mobilise support for the country.

Oil trader IMMS sues Lebanon's BankMed for $1 billion - court filing

27 Nov 2019

LONDON/BEIRUT Oil trader IMMS has taken Lebanese bank BankMed to court in the U.S. state of New York, accusing it of failing to return $1 billion of its deposits when requested, according to court documents seen by Reuters.

Lebanon's Hariri says he does not want be PM

26 Nov 2019

BEIRUT Lebanon's Saad al-Hariri said on Tuesday he did not want to be prime minister of a new government, putting the onus on adversaries including the Iran-backed group Hezbollah to find an alternative who can steer the country out of crisis.

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