News

BP approves investment in Egypt gas field 15 months after discovery

British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. BP, which declined to give an investment figure for the project, said the field was on track to deliver its first gas in the first half of 2018, set to pump 300 million cubic feet a day of gas to the Egyptian market. BP decided in November to fast-track the development of Atoll, estimated to contain 1.5 trillion…

Here is the original post:
BP approves investment in Egypt gas field 15 months after discovery

Russia’s Gazprom eyes asset swap deals with Shell, OMV by year-end

Russia's state-controlled gas giant Gazprom could gain control over some of the assets that Shell acquired earlier this year from BG group, a senior Gazprom executive said in an interview. Gazprom's Deputy Chief…

More: 
Russia’s Gazprom eyes asset swap deals with Shell, OMV by year-end

Exclusive: Francisco Partners, Elliott near Dell software deal – sources

Divesting the software assets will help Dell refocus its technology portfolio and bolster its balance sheet after it agreed in October to buy data storage company EMC Corp for $67 billion. EMC

Read the rest here: 
Exclusive: Francisco Partners, Elliott near Dell software deal – sources

Oil rallies as fears over Brexit abate

Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave the European Union later this week. Three opinion polls ahead of Thursday's vote showed the 'Remain' camp recovering some momentum, although the overall picture remained one of an evenly split electorate. Investment safe havens such as gold, the U.S. dollar, German bonds…

Continued here: 
Oil rallies as fears over Brexit abate

With oil price near $50, resilient U.S. shale producers eye new chapter

Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. To regain market share, the Organization

Read the original here: 
With oil price near $50, resilient U.S. shale producers eye new chapter

China home prices rise faster in May as smaller cities join rally

Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The recovery in China's property market since late last year has been a rare bright spot in the world's second-largest…

The rest is here: 
China home prices rise faster in May as smaller cities join rally

China developer Vanke buys Shenzhen Metro unit for $6.9 billion

China Vanke, the mainland's biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shareholder. The final purchase price came at the lower end of the 40 billion yuan to 60 billion yuan guidance under a preliminary accord in March as Vanke's management fought to retain control of the company in a battle with its…

Read the rest here:
China developer Vanke buys Shenzhen Metro unit for $6.9 billion

Greece could lift capital controls by year-end: bank association head

Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the country's banking association said on Saturday. More than 50 billion euros left banks from November 2014 to July last year…

Read more from the original source: 
Greece could lift capital controls by year-end: bank association head

Explosion reported at Kia plant in Mexico, at least three injured

An explosion struck a Kia Motors factory in northern Mexico on Saturday, injuring at least three workers after an accumulation of gas ignited, a local emergency services official told Reuters. Luis Felipe Puente, the national director of emergency services, confirmed that some workers at

Here is the original: 
Explosion reported at Kia plant in Mexico, at least three injured

Volkswagen group to phase out more than 40 car models: report

Volkswagen will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. Volkswagen (VW) said on Thursday it would invest billions of euros in electric cars, ride-hailing and automated driving to become a world leader in green transport by 2025 as it

See the rest here: 
Volkswagen group to phase out more than 40 car models: report

« Previous Page — Next Page »