Colombian firm makes new oil find
State oil company Ecopetrol announced a new crude discovery at an exploratory well in Tisquirama, a block in northern Colombia that has been in commercial production for more than a half century.
Cove Energy agrees to Shell cash offer of $1.8 billion
Oil and gas giant Shell Tuesday said it will be buying Africa-focused Cove Energy for $1.8 billion in a bid to get...
Strike halts work on mega-dam in Brazil
A strike Monday effectively halted work on Brazil's giant Belo Monte hydroelectric dam, a controversial project in the heart of Amazonia that has drawn bitter opposition from environmentalists and locals.
Financial dispute sees Egyptian firm abruptly cut off gas supplies to Israel
JERUSALEM A state-run Egyptian energy company decided to abruptly end gas supplies to Israel, leading to widespread...
HSBC survey shows China manufacturing picking up
China's manufacturing activity may have picked up some momentum in April, according to a preliminary survey by HSBC...
Nestle strikes $11.5bn deal to acquire Pfizer Nutrition
In a bid to enhance its presence in the infant food segment, Swiss food major Nestle has agreed to pay $11.85 billion...
China's net foreign financial assets hit 1.77 trl USD
China's net foreign financial assets hit 1.77 trillion U.S. dollars as of the end of 2011, up from 1.68 trillion U.S. dollars one year earlier, the country's top foreign exchange regulator said Monday.
Egypt will no longer supply gas to Israel
Israel, which has a strong reliance on Egyptian natural gas, has been told it will no longer be supplied.
Japan Pledges $7.4 Billion in Aid to Mekong Region
Japan has pledged $7.4 billion in development aid to five Southeast Asia nations in an effort to promote cooperation with countries in the Mekong region.
Russia lowers 2012 budget deficit forecast
Russia's state budget deficit forecast for 2012 has been lowered to 0.3 percent of GDP from an earlier estimated 1.5 percent of GDP, and a zero-deficit budget cannot be ruled out, Finance Minister Anton Siluanov said Sunday.
