Press Digest: Financial Times - June 16

ConocoPhillips

Today 03:33

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
- Environment secretary casts doubt on £10 billion Thames Water rescue
- US billionaire owners of Crystal Palace explore sale
- EU starts membership talks with Ukraine
- ConocoPhillips set to sign deal with Syria to revive gas production
-  Trump administration considers $300 billion fund for Iran if deal is upheld

       
Overview
- The UK’s environment secretary has cast doubt on a £10 billion ($13.40 billion) rescue package for Thames Water, warning that the plan could place “undue burden” on consumers. 

- The U.S. billionaire owners of Crystal Palace are exploring a sale of the south London football club, in what would make it the latest Premier League side to change hands in English football’s top flight.

- The European Union on Monday formally opened accession talks with Ukraine after Hungary lifted its veto on the arduous legislative alignment Kyiv must complete to join the bloc.

- ConocoPhillips COP.N is set to become the first U.S. oil and gas major to sign a contract with Syria’s new government, as it works to revive an economy battered by war and economic sanctions.

- The Trump administration is prepared to allow the establishment of a $300 billion investment fund for Iran if Tehran agrees to a final settlement to end the war that includes a nuclear deal.

     

($1 = 0.7463 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))