Murphy Oil has agreed to sell its Milford Haven refinery in Wales to oil entrepreneur Gary Klesch, the local member of parliament told a regional newspaper.
Tech companies pose a growing threat to traditional asset managers and the financial services industry needs to up its game to meet the challenge, even though the hurdle of regulation is holding back rapid change, industry executives said.
Shareholders at Tesco’s annual meeting berated the British retailer’s board on Friday for the low share price, poor results and questioned whether the management knew what they were doing.
NEW YORK, (Reuters) – Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.…
BP Plc has asked a U.S judge to direct what it called a “vast number” of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.
Serbia unveiled plans on Friday to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro scheme that will be funded by Gulf Arab cash.
A farmer’s habit of rising before dawn finds Cliff Wallace alone most mornings while a rag-tag army of anti-coal activists camped in tents and tee-pees on his land catch a few more hours sleep.
China is scrapping legal and financing curbs on some foreigners investing in businesses outside the banking industry, the trade ministry said on Tuesday.
China shares ended lower on Wednesday, with losses led by financial counters as a wave of new initial public offerings continued to divert money from existing stocks.
8211; The Indian government partially rolled back a steep hike in rail passenger fares announced last week after protests from allies, highlighting the political realities facing the new prime minister in his…
Britain’s biggest payday lender Wonga will pay 2.6 million pounds ($4.41 million) in compensation to 45,000 customers after sending them bogus letters from non.
India will raise its import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion, the food minister said on Monday.
(Reuters) – Thai shares extended gains for a third session on Monday to a near one-week closing high, led by energy stocks as oil prices firmed up due to escalating violence in Iraq. Thailand’s…
When Prime Minister Shinzo Abe vowed at the World Economic Forum in Davos to take a “drill bit” to the “solid rock” of vested interests in reforming Japan’s economy, executives at companies such as General Electric and IBM paid attention.
Asian shares ticked higher on Tuesday as improved manufacturing data from China, Japan and the United States augured well for global growth, despite a disappointing result from the euro zone.
The purchase of Micros, which makes point-of-sale hardware and software for restaurants and hotels, is the first multi-billion dollar acquisition by Larry Ellison-led Oracle in five years and follows disappointing fourth-quarter results.
Japanese Prime Minister Shinzo Abe is expected on Tuesday to unveil a fresh round of reforms to boost a nascent growth recovery, reports said, his second attempt at launching the “third arrow” of his economic action plan.
EU foreign ministers agreed Monday to ban imports from Crimea, reiterating that the European Union would never recognise Russia’s “illegal” annexation of Ukraine territory.
Iraq will be foremost in investors’ minds in the coming week as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis.
Veolia Environnement, a global leader in water and waste management, has a little local difficulty: an ailing France.
Citroen’s C4 Cactus is more than just another compact car. It’s a manifesto on wheels for the brand’s move down.
Ukraine is holding “preliminary” talks with creditors on a possible restructuring of its foreign currency debts, an official from an international finance association said on Thursday following recent meetings with Ukrainian officials.
Ukraine must take brave measures to transform an economy hooked on cheap Russian gas, huge state spending and corruption into an investment destination able to bolster a weak state, an economic adviser to the government said.
Japan should be cut out of Pacific trade talks if it will not open its markets to more farm imports, New Zealand Prime Minister John Key said, urging the Obama administration to hold firm.
8211; France chose General Electric to form an alliance with Alstom on Friday, rejecting an offer from Siemens and Mitsubishi Heavy Industries, but said the deal still needed some work and added the…
FRANKFURT, (Reuters) – European Central Bank President Mario Draghi said large-scale asset purchases are part of the central bank’s toolkit, but for now it would focus on its latest set of stimulus measures. Draghi told…
8212; British energy giant BP will sign a long-term deal with Chinese state-owned peer CNOOC in London on Tuesday to supply China with liquefied natural gas, BP chief executive Bob Dudley said. …
Taiwan’s Acer Inc on Wednesday said it has appointed co-founder and board member George Huang as new chairman, tasked with overseeing the recovery of the PC maker’s near-dominant position in a shrinking industry.