Shell considering selling its Iraq oil assets: sources
LONDON (Reuters) – Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal program, industry sources said on Monday.
Maersk, DONG Energy in talks over $10 billion oil merger: sources
LONDON (Reuters) – Denmark’s A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said.
Time Inc rejects bid from billionaire Bronfman Jr.: NY Post
(Reuters) – Time Inc , the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday.
Exclusive: Chinese government money backs buyout firm’s deal for U.S. chip maker
SAN FRANCISCO/NEW YORK/HONG KONG (Reuters) – Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by cash originating from China’s ce…
VW extends $21 billion loan to weather diesel fall-out
FRANKFURT (Reuters) – Volkswagen has agreed to extend a 20 billion-euro ($21.2 billion) bank credit line, it said on Monday, part of the German carmaker’s efforts to maintain its financial strength while it counts the full cost of its emissions scanda…
Lufthansa cancels 1,700 flights due to pilots’ strike
FRANKFURT (Reuters) – Lufthansa is cancelling around 1,700 flights over the next two days due to a fresh strike by pilots in a long-running dispute about pay.
Unions, gig-economy firms gear up for New York benefits battle
(Reuters) – Faced with a barrage of lawsuits from workers demanding benefits and recognition as employees, some companies in the fast-growing ‘gig economy’ are looking to settle the issues through legislation.
Peaks, black swans and bonanzas: Market tips, bold calls and eyecatchers for 2017
LONDON (Reuters) – Politics, economics and finance have all been turned on their head in 2016, and investors are already looking ahead to 2017 with anticipation and trepidation.
Trump faces dilemma as U.S. oil reels from record biofuels targets
NEW YORK (Reuters) – The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over.
Oil prices gyrate as OPEC heavyweights head to Vienna
LONDON (Reuters) – Oil prices gained more than one percent on Monday in volatile trading after falling as much as 2 percent, recouping the losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meetin…
