Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.
Sovereign wealth funds
Hedge funds uneasy on Summers's possible Fed Reserve nomination
According to a Bloomberg report, the potential nomination of a Federal Reserve outsider made investors scramble for advice on whether the news would have an effect in financial markets and monetary policy.
Philippine aviation authorities hope to get upgraded by US FAA in October
The Civil Aviation Authority of the Philippines said it is confident that the country would be able to regain its Category 1 rating when the US FAA would visit in the next two months.
George Koutsos is new head of Hellenic Financial Stability Fund
George Koutsos was named the new Deputy Chief Executive of the Hellenic Financial Stability Fund, replacing Marios Koliopoulos.
Federal Government of Nigeria loses USD 40 billion in 76 oil leases not yet in production
The Federal Government of Nigeria lost USD 40 billion in downstream infrastructure investments for 76 non-producing oil leases.
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A Philippine regulator said that the bidding for the LRT Line 1 Cavite extension project had failed.
Tanzania's National Development Corporation signed a joint venture agreement with Nava Bharat of Singapore for an oil palm farm and processing facility.
China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.
Mergers and acquisition in the Middle East would be driven by regional transactions and sovereign wealth funds, aaccording to Barclays Vice Chairman of Investment Banking Makram Azar.
Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.
A Philippine regulator postponed the bid for a ticketing system to be used by the MRT and LRT. The Department of Transportation and Communications (DOTC) in the Philippines deferred the submission of bids for the ticketing system of the country's rail transportation systems.
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
Jodi Arias, convicted murderer, had a few more issues up her sleeve. In a decision that has social media implications, the judge presiding over the case of Jodi Arias had postponed the date for the sentencing of convicted killer.
Mongolia would be replacing its 2012 law that puts limits on foreign ownership with a new measure that is more investor-friendly.
