France's Total has vended a 30 percent stake in Moroccan division Total Maroc to the Saudi Zahid Group for an unrevealed amount and Total Maroc intends to sell another 15 percent stake on Casablanca's bourse, as stated by the company. This could lead to a revitalization of Casablanca's stock market, which has been affected by the crisis in the euro zone and the lack of foreign investors.
read more... 12/05/2014
Shanghai Electric Group has decided to acquire 40 percent of power engineering company Ansaldo Energia estimated at 400 million euros ($555 million), turning into the latest Chinese firm to purchase into Italy's economic revival.
read more... 09/05/2014
Investors might pay out almost $1.1 trillion over the next decade on oil projects and assets that never achieve production if governments implement measures to reduce climate change, according to a report released on Thursday by Carbon Tracker Initiative.
read more... 09/05/2014
Britain's Centrica anticipates the company will have lower than predicted earnings in 2014 and decided to vend its three major gas-fired power plants.
read more... 09/05/2014
Brent crude fluctuated around $108 a barrel on Thursday, maintaining the majority of the gains from the previous session since crude imports in China, the world's second major oil consumer, attained a record high, according to the country’s customs data.
read more... 08/05/2014