The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
Regions
Top Japan Equity Strategist hired by Barclays for research
Ex-Morgan Stanley Hajime Kitano was hired as an equity strategist at Barclays Securities Japan Ltd. Barclays Securities Japan Ltd. Kazutoshi Ohkubo told Reuters in a phone interview that former Morgan Stanley Japan equity strategist Hajime Kitano would join the UK bank in Tokyo today.
Indofood to make bid for Minzhong
Indofood Sukses Makmur Tbk PT has been considering a hostile takeover of Singapore-listed China Minzhong Food Corp Ltd after a short-seller attack decreased the Chinese food producer's market value.
Everbright senior executives resign after insider trading allegations
Two of Everbright Securities senior executives resigned after severe penalties amounting to were imposed on the company for allegations of insider trading and other illegal activities.
Etihad still waiting regulatory clearance for USD600 million Jet Airways deal
Etihad plans to invest USD600 million in Jet Airways after approval from Indian authorities. Etihad extended the regulatory clearance deadline of its USD600 million deal with Jet Airways.
Latest News
The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.
The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.
President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.
After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.
The latest purchase made by Coca-Cola in Mexico was recently announced after an acquisition spree across three continents was undertaken.
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.
