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Wednesday, Jun 24, 2009 By Guy Chazan and Shai Oster Of THE WALL STREET JOURNAL China Petrochemical Corporation, the Chinese state oil company also known as Sinopec Group, said it has agreed to acquire oil explorer Addax Petroleum Corp. (AXC.T) for C$8.27 billion ($7.2 billion), in the largest overseas takeover ever by a Chinese company. Sinopec is the largest oil refiner in Asia by volume and China's second-largest oil company after China National Petroleum Corp. Addax, which is based in Geneva, Switzerland, and listed in London and Toronto, is one of the largest independent oil producers in West Africa and the Middle East, with oil fields in Nigeria and the autonomous Kurdish region of northern Iraq. Sinopec's audacious deal underscores the growing confidence of China on the global stage after years of treading cautiously.... [read full story]
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CARDIFF, Nov 21 (Reuters) - Wales beat Argentina 33-16 (halftime 13-3) at the Millennium Stadium on Saturday. Wales: Tries: Stephen Jones, Shane Williams (2); Conversions: Jones (3); Penalties: Jones (2), Leigh Halfpenny (2)...
