TORONTO/WINNIPEG - The Canada Pension Plan Investment Board (CPPIB) said on Thursday it had agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about C$128 million.
Wed, Dec 11 2013
NEW YORK - Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
LONDON - Morgan Stanley has launched a formal effort to sell control of its U.S. oil pipeline and terminal business TransMontaigne, sources said on Wednesday.
MUMBAI - Conglomerate Reliance Industries Ltd and top mobile operator Bharti Airtel Ltd have agreed to share network infrastructure, as the old adversaries in India's crowded telecoms industry set aside differences to save costs.
Tue, Dec 10 2013
MUMBAI - Indian conglomerate Reliance Industries , set to launch 4G services into the highly competitive Indian telecoms market, has signed a deal with the country's largest telecoms operator Bharti Airtel , to share telecom infrastructure.
Mon, Dec 9 2013
DUBAI - Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
Fri, Dec 6 2013
PERTH/PARIS - France's Total has agreed to buy a stake in InterOil's Papua New Guinea gas fields, which could include the construction of a liquefied natural gas (LNG) export plant in a deal worth up to $3.6 billion.
BEIJING - A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.
Thu, Dec 5 2013
NEW YORK - General Electric Co has no plans to buy an oil or natural gas producer, Chief Executive Jeff Immelt told Reuters on Thursday.
BUENOS AIRES - Argentina has begun talks with Repsol about compensation to the Spanish oil major for last year´s nationalization of the South American country's top oil company, YPF , a government official said on Thursday.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.