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Deal would mark China's largest overseas takeover as country seeks a firmer hold on natural resources Be the first to comment on this article... ROB GILLIES Associated Press China's Sinopec Group will acquire oil explorer Addax Petroleum for $7.2 billion (U.S.), again flexing the country's economic clout in what would be the largest overseas takeover ever by a Chinese company. China has been aggressively pursuing major acquisitions or investments in commodity companies and the pushback from other countries has been just as forceful. Four years ago, China National Offshore Oil Company Ltd. withdrew an $18.5 billion bid for the Unocal Oil Company because of a tremendous backlash in Washington. This month, miner Rio Tinto PLC of Australia turned away a $19.5 billion investment from the Aluminum Corp. of China after it caused a... [read full story]
Heritage Oil, the UK-listed exploration and production company, is expected to announce the sale of its Ugandan assets for over £1bn as early as tomorrow. Italian energy giant ENI is understood to be acquiring the assets, two...
An increasing number of female jihadis are being recruited and trained to blow themselves up in the name of Islam. Alissa J Rubin visits an Iraqi jail to find out what makes young women turn themselves into killing machines In...
Despite growing optimism that the downturn is over, there are concerns that £100bn of property bank loans requiring refinancing within three years could trigger another crisis The new property vehicle of Sir Stuart Lipton and...
Spokesman says trade commissioner has not yet decided whether to attend crucial World Trade Organisation meeting after her unexpected elevation to foreign policy role Trade commissioner BaronessBaroness Ashton will take up her...
