Finance & Economics

Ahead of summit, Ban urges G20 to focus on promoting sustainable economic growth

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Secretary-General Ban Ki-moon (second left) addresses the General Assembly ahead of the G20 summit to be held...

ExxonMobil considering setting up petrochem plant, LNG exports from US

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KUALA LUMPUR Global energy major ExxonMobil Corp. sees new opportunities for supply of low emission natural gas to...

Banking sector collapse pushes Spain, Cyprus closer to EU bailout

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Spain has signaled that the country may need a European Union bailout to rescue its collapsing banking system even as...

Vanguard Natural strikes $445mn deal for gas assets of Antero Resources

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US oil and gas producer Vanguard Natural Resources has struck a $445 million deal to acquire natural gas and liquid...

London witnesses surge in financial sector jobs in May

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Over 4,300 jobs were created in the city of London in May, a surprising jump of 25 per cent over April, although...

Health insurer WellPoint to acquire contact retailer 1-800 Contacts

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US health insurer WellPoint Inc plans to buy contact-lens and eyewear retailer 1-800 Contacts Inc, the largest direct...

Indonesia's mining firm seeks 2.6 billion USD in investments

Indonesian state-controlled gold and nickel miner, PT Aneka Tambang is seeking 2.6 billion U.S. dollars in investments through 2014 to finance various projects in the country, a media reported here on Monday.

International energy companies cool on Iraq

A fourth energy auction in Iraq has failed.
The two-day auction, in which it was hoped international investors would be attracted, closed last week with only three contracts awarded for 12 exploration blocks on offer.

Focus on London over sale of commodities floor

The London Metals Exchange is up for sale and has been calling for bids.
At least four exchanges have submitted bids to buy the LME which has been running as an open outcry commodities exchange for 135-years.

Boeing Demonstrates SATCOM on the Move Between Australia and US

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