Nasdaq may consider bidding for Euronext
Nasdaq OMX Group would definitely consider bidding for Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon stock exchanges, if it were put up for sale, Nasdaq’s Chief Executive, Mr....
View ArticleSwiss bank battles against culture of arrogance
Switzerland’s UBS has yet to purge itself fully of the culture of arrogance that put it at the centre of a global interest rate scandal, its investment banking chief said on Wednesday. Reuters reported...
View ArticleMorgan Stanley to cut 6% workforce
Morgan Stanley plans to cut six per cent of its institutional securities workers starting this week. Two people familiar with the matter said on Wednesday that the latest sign of a pullback on Wall...
View ArticleSKMigas to become permanent
Indonesia is set to make temporary oil and gas regulator SKMigas permanent, but Energy and Mineral Resources Minister, Jero Wacik, will be replaced as the head of the unit. Local media reported that...
View ArticleBusiness leaders caution Cameron against ‘risking’ EU membership
LONDON: Ten of the United Kingdom’s leading business figures have warned David Cameron not to put membership of the European Union “at risk” in negotiations over the country’s relationship with...
View ArticleHess tightens budget belt
United States independent Hess intends to cut overall expenditure by 18 per cent this year while maintaining a strong investment focus on unconventional shale plays. The company plans to pump $6.8bn...
View ArticleDomestic workers need greater protection — ILO
NEW YORK: Laws are needed “urgently” to give greater protection to domestic workers, the International Labour Organisation has said, British Broadcasting Corporation reported on Wednesday. It estimates...
View ArticleTicket sales: Insurer gives travel agents fresh condition
The inability of travel agencies to promptly remit proceeds of air ticket sales to foreign airlines has forced their insurance firm, Leadway Assurance Company Limited, to set fresh hurdles before the...
View ArticleAnother mega-casino to be built in Macau
HONG KONG: MGM China won approval Wednesday to build a major new casino in Macau, a glitzy destination that attracts legions of gamblers from China. The project has a budget of around $2.5 billion, and...
View ArticleMarket rally ends as index falls by 0.4%
The bullish run, which had persisted in the equities section of the Nigerian Stock Exchange for four consecutive trading days, came to an end on Wednesday with major indicators losing marginally. The...
View ArticleGovt urged to embrace bond issuance for projects
Governments at all levels have been urged to embrace issuance of bonds for major projects across states and the general economy. According to operators in the Nigerian capital market, the move will...
View ArticleChevron’s Agbami 2 may not start production in 2014
Oil production from the 100,000-barrel per day Agabmi Phase 2 deepwater oil field developed by Chevron Nigeria Limited may not start in 2014, which was initially set as the commencement date....
View ArticleIceland: Supermarket records 5% Christmas sales boost
Flintshire-based supermarket chain Iceland said it saw sales in the run-up to Christmas rise by five per cent, British Broadcasting Corporation reported on Wednesday. The latest statement from the...
View ArticleBail-out: Airlines seek involvement in aircraft acquisition
Domestic airlines in the country have canvassed their full involvement in the plan by the Federal Government to acquire 30 aircraft for local operators. The Ministry of Aviation had said the government...
View ArticleEmerging stocks rise on forecasts
Emerging-market stocks rose for the first time in four days as utilities rebounded and Alcoa Incorporated predicted stronger demand in the biggest developing nations. Bloomberg News reported on...
View ArticlePhillips 66 inks $1bn Bakken rail deal
Phillips 66 has signed a five-year commitment to ship North Dakotan crude oil by rail to its New Jersey refinery, making an estimated $1bn bet that North American crude will remain cheap. Under the...
View ArticleQEP down on midstream MLP plan
Denver-based QEP Resources saw its shares slump after announcing plans to spin off portions of its midstream assets into a master-limited partnership and launch an initial public offering for the new...
View ArticlePacific Rubiales targets 30% growth in 2013
Canada’s Pacific Rubiales has targeted 15 per cent to 30 per cent growth in production in the coming year, although it also warned approval delays in Colombia would likely continue to dog its...
View ArticleEmerald Oil in $10m Sand Wash sale
Denver’s Emerald Oil has said it has agreed to sell its stakes in 30,902 net mineral acres in the Sand Wash basin to an undisclosed private explorer for $10m. The acreage is located in Carbon County,...
View ArticlePetrobras extends Vallourec deal
Petrobras has renewed a long-term main frame agreement with French tube specialist Vallourec for the provision of pipe products for the Brazilian oil giant’s offshore exploration and production wells....
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