Vitol to buy stakes in Rialto's west African oil assets
GENEVA (Reuters) - Top oil trader Vitol has agreed to acquire stakes in Australian oil and gas explorer Rialto Energy's RIA.AX assets in Ghana and the Ivory Coast, the companies said on Tuesday.
Swiss-based Vitol will gain a 20 percent stake in Rialto Energy's Ghana operation and 65 percent in its Ivory Coast unit in exchange for financing for upstream projects.
(Reporting by Emma Farge; editing by Keiron Henderson)
WASHINGTON - U.S. job growth rose more than expected in February, easing fears of an abrupt slowdown in economic growth and keeping the Federal Reserve on track to continue reducing its monetary stimulus.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.