Deutsche Bank AG is preparing to move large parts of the trading and investment-banking assets it currently books in London to its hometown of Frankfurt in response to Britain’s exit from the European Union, people familiar with the matter said. Source Bloomberg
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today, two sources close to the Vietnamese unit of the Russian company told Reuters there were concerns there about China’s possible reaction to the drilling. Source: Reuters
The UK government announced on Thursday plans to facilitate timely decisions on shale gas exploration planning applications in England as part of a plan to reduce dependence on gas imports amid an ongoing decline in the UK North Sea’s conventional gas production. Source: Oil Price
Hundreds of truck drivers blocked roads across Bulgaria on Thursday (17 May) as European Union leaders met in Sofia, protesting against proposed EU rules they say would cost them their jobs and put their firms out of business. Source: Euractiv
