June 5 The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Tuesday:
** Oil and Natural Gas Corp, India's biggest state-owned energy company, is considering bidding for part of ConocoPhillips Canadian oil sands holdings worth around $5 billion, a source with direct knowledge of the situation told Reuters on Tuesday.
** Abu Dhabi's rapidly growing Etihad Airways has bought a 4 percent stake in Virgin Australia, its fourth overseas deal since December as the airline tries to compete with Gulf rivals. Etihad said it had acquired the stake for $35.6 million via market purchases over the past few weeks.
** Hutchison Whampoa of Hong Kong agreed to acquire a 75 percent stake in Scailex, the parent of Israeli mobile phone operator Partner Communications, for $125 million in cash, Scailex said on Tuesday.
** Italian insurer Unipol has agreed to sell a stake in top investment bank Mediobanca that it will hold after its planned merger with peer Fondiaria-SAI, a document obtained by Reuters on Tuesday said.
** The world's top gas producer, Gazprom, has no plans to buy BP's stake in Anglo-Russian venture TNK-BP as of now, a company executive said.
Europe, U.S. trade officials lobby China on food safety rule
BEIJING, Dec 9 European and U.S. government and trade officials say they have been lobbying hard against a draft Chinese regulation on food imports, worried it would hamper billions of dollars of shipments to the world's No.2 economy of everything from pasta to coffee and biscuits.
Nikkei rises to highest in a year on Wall St strength, weaker yen
TOKYO, Dec 9 Japanese stocks rose to their highest level in a year on Friday morning, supported by Wall Street gains and solid buying of exporters on the back of a weaker yen.