BP lost a bidding battle again to United States' ExxonMobile as the latter acquires access to Arctic Laptev Sea Fields where Russia's Rosneft has prospect reserves.
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Trafigura to Buy Zinc from Nyrstar
Trafigura has shown interest in purchasing zinc from global leading zinc provider Nyrstar Commodities trader Trafigura revealed it has interest in bidding to purchase zinc from world's leading producer Nyrstar that could worth about $700 million per year.
UPDATE: Firm to be Listed on London Stock Exchange
Hellermann Tyton would be listed in the London Stock Exchange. Hellermann Tyton's business is the making of cabling products and has announced it would list at least 40% of its shares in the London Stock Exchange this March.
Fund Managers Lose Bid to Stop Share Sale
Corvex and Related lose court fight to restrain stock offer by Commonwealth REIT. Despite the objections by investors in CommonWealth REIT, the sale of thirty million shares valued at US$19 per share would proceed as planned.
Anardarko Partners With Indian Tycoon to Lead Mozambique Gas Stake Auction
American oil and gas explorer Anardarko Petroleum has collaborated with Venugopal Dhoot, an Indian tycoon, for the auction of a 20% stake in a Mozambique gas stake that is expected to fetch $4.5 billion.
Latest News
Trafigura interested in purchasing zinc rights from Nyrstar. Trafigura, a well known commodities trader has announced its interest in purchasing the exclusive rights to purchase the zinc from Nyrstar, the world's number one producer.
Fiat's CEO reveals the company's plan of buying out the remaining shares in Chrysler, in which it has 58.5 percent share, as the company met with banks for acquisition financing.
First offer of Schulman rejected by Ferro. After an initial snub, chemicals maker A. Schulman reinstated its offer to purchase Ferro Corp for US$563 million.
China Fishery Group offered to purchase Copeinca, thus moving the Peruvian firm to seek proper financial advice.
Hess sells of Hetco, its energy trading subsidiary. Hess Corp will be selling off its energy trading arm Hetco to precipitate its exit from the gasoline and marketing industry by the year 2015.
Gundlach now buying ten year Treasury Bills. One of the world's best fund managers, Jeffrey Gundlach took a 180 degree turn on government debt. He said he has purchased "more long-term Treasuries in the last month" compared to his purchases in the last four years.
BP loses bids on Arctic oil exploration. According to sources, British Petroleum, who lost its first deal to drill oil in Arctic Russia to rival ExxonMobil again was beaten out by the same rival when it tried to negotiate a deal with Russian oil giant Rosneft.
It's a substantial shot in the arm and vote of confidence for these young startups It's a substantial shot in the arm and vote of confidence for these young startups.
News Corp sells off interest in Sky TV New Zealand. New Zealand's top television operator, Sky Network Television Ltd has confirmed that is near majority shareholder News Corp would be selling off its 44% stake in the company.
