ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets
The acquisition will add 2 billion barrels of resources to ConocoPhillips’ portfolio, extending its reach in shale fields in Texas, New Mexico and North Dakota.
Saudi Aramco to reportedly sell $10 billion to $20 billion worth of shares in new offering
The reported new offering would come at an opportune time for the kingdom, which is spending heavily on megaprojects while seeing lower oil revenue.
Turbulence-hit Singapore Airlines flight fell 54 meters in less than five seconds, investigation finds
The Singapore Airlines flight that last week encountered severe turbulence on its way from London to Singapore dropped 54 meters in less than five seconds.
Apple to open first store in Malaysia as Asia expansion continues
The move to open a Malaysia store continues Apple’s push to expand sales across Asia outside of China, a market that Apple has struggled in of late.
Samsung Electronics’ union threatens first ever walkout next week
A Samsung Electronics union in South Korea will stage its first ever walkout over demands for higher wages, union officials said on Wednesday.
Macron says Kyiv should be allowed to use Western weapons on Russian military sites; Blinken travels to Moldova
French President Emmanuel Macron said Tuesday that Kyiv should be allowed to use Western arms against Russian military sites used to target Ukraine.
Nasdaq closes at record high, Fed’s Kashkari seeks more inflation data for rate cuts, GameStop soars
Texas Instruments has become the latest company targeted by activist investor Elliott, which has taken a $2.5 billion stake in the chipmaker.
BHP abandons bid to takeover Anglo American after multiple rejections
BHP Group on Wednesday said it would not be making a firm offer for Anglo American, shortly after the latter rejected a request to extend takeover talks.
Royal Mail owner agrees to ₤3.6 billion takeover by Czech billionaire Kretinsky
Royal Mail’s parent company International Distributions Services said on Wednesday it had agreed to a 3.57 billion pound formal takeover offer by Czech billionaire Daniel Kretinsky.
China’s $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says
China’s new third chip fund will likely focus on advanced chips and establishing the entire supply chain, said Winston Ma, adjunct professor at NYU School of Law.
