Browsing Category News
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PetroChina unit raises $1.38bn in share sale
Kunlun Energy, the China-based gas supplier which is a wholly owned subsidiary of PetroChina, on Tuesday raised $1.35bn through a top-up share placement to help fund expansion of i... -
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DryDocks seeks aid from tribunal on $2.2bn debt restructuring
DryDocks World, the owner of the Middle East’s biggest shipyard, has filed a claim with a special tribunal in an effort to move forward its $2.2bn debt restructuring through a go... -
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Spain to face tough budget cuts
Spain’s newly elected Prime Minister Mariano Rayoy on Friday is expected to push ahead with one of the nation’s most hard-hitting budgets in recent times. The news comes as alm... -
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Japan retail sales beat expectations – up 3.5 percent
Retail sales in Japan rose 3.5 percent year on year in February, said the Ministry of Economy, Trade and Industry on Thursday. Japan’s retail figures saw the largest advance sinc... -
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UK in talks to sell a third of RBS to Abu Dhabi
High profile Abu Dhabi investors have been in talks concerning a £10bn investment into Royal Bank of Scotland it was alleged on Wednesday. Shares in the UK bank rose sharply by 4.... -
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Coutts pays £8.75m over money laundering compliance
Coutts, the 320-year old private bank famous for handling the finances of the Queen, has been fined £8.75m late on Monday by the FSA for money laundering violations in its dealing... -
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CaixaBank edging closer to €1.1bn Civica merger
Spanish lender CaixaBank, the Barcelona-listed arm of La Caixa, and smaller competitor Banca Civica SA have both suspended trading on Monday, said stock market regulator CNMV. The ... -
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Chevron and Transocean charged in Brazil oil spill
Federal prosecutors in Rio de Janeiro late on Wednesday filed criminal charges against 17 Chevron and drill rig operator Transocean’s executives and the companies for an oil leak... -
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China raises fuel prices again
China has raised fuel prices for the second time this year as it tries to get to grips with the rising cost of crude oil. Gasoline and diesel are to be subject to 6.4 point and 7 p... -
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Game “valueless”, say directors
The end of Game appears to be in sight as the beleaguered video game retailer’s shares were suspended from trading on the LSE, with company directors admitting the company “had...
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