Infrastructure

Barclays Bank Kenya finances Marriot Drilling's rig

Barclays Bank of Kenya signed a financing deal with the African unit of British oil explorer Marriott Drilling worth USD 13 million.


Alibaba keen on controlling board after IPO: sources

Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.

Rosneft CEO purchases USD 5.5 million shares

Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million. The Chief Executive Officer of Rosneft acquired company shares worth USD 5.

Icahn sets Dinner with Apple CEO for Buyback talk

Billionaire Carl Icahn announced on Twitter that he had set dinner with Apple CEO Tim Cook to discuss plans for the company's buyback program.


Latest News

GIC, Singapore's sovereign wealth fund made an offer to purchase Blackstone's Broadgate asset.
CommonFloor to use luxury vehicles for taxi services. Real estate company, CommonFloor, had announced that it will hire air-conditioned vehicles for their wealthy costumers who are looking into buying at least one of their five million properties.
Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.
Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.
Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.
UBS can now exercise option to repurchase assets from the Swiss National Bank after paying off its bail out loan.
Cuadrilla Resources suspended its oil drilling exploration in Balcombe as anti-fracking protests intensified.
The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
Formosa Plastics Group invests USD1 billion in Fortescue Metals Group's iron ore project. Formosa Plastics Group of Taiwan has agreed to buy one third of an iron ore project from Fortescue Metals Group and China's Baoshan Iron and Steel for a USD1.
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