Repsol To Sell Ecuador Oil Affiliate to Sinopec
Spanish oil company Repsol SA (REP.MC) said Wednesday it would sell an affiliated oil company in Ecuador to Chinese state-owned oil giant China Petroleum & Chemical Corp. (0386.HK), better known as Sinopec.
Brazil Bank Itau Unibanco Raises a Total of $1.375 Billion From Bonds Issue
Brazil's second-largest bank by assets, Itau Unibanco Holding SA (ITUB), raised a total of $1.375 billion from an overseas bonds issue, $125 million more than previously announced as the bank exercised its option to sell an extra lot of bonds to Asian investors, the bank said late Tuesday in a
PTT Exploration & Production to Delist Cove After Its Takeover
Thailand's PTT Exploration and Production PCL (PTTEP.TH) is on track to complete its acquisition of Cove Energy PLC (COV.LN) after 91.4% of Cove's shareholders accepted the Thai company's cash offer, with a next step being a planned delisting from the London Stock Exchange's Alternative Investment
CNH Global 2nd Quarter Net Up 11% on Trading Conditions, Improved Revenue
CNH Global N.V.'s (CNH) second-quarter profit rose 11% as the farm and construction equipment maker saw favorable trading conditions in most regions and moderately higher revenue.
Lupin Looking for Acquisitions of up to $500 Million in US
Lupin Ltd. (500257.BY) is looking to aggressively grow its business in the U.S. and is scouting for acquisitions of pharmaceutical brands and manufacturers, and seeking regulatory approval to sell a wider range of niche generic drugs.
Credit Suisse Fixes Prices For Bond Buyback
Swiss bank Credit Suisse Group (CS) has fixed at what price it will buy back certain dollar-denominated bonds for cash, as part of an offer to purchase some of its securities for cash announced July 18, the bank said Wednesday.
Amerigroup 2nd Quarter Net Falls 28% on Higher Claim Costs; Revenue Up
Amerigroup Corp.'s (AGP) second-quarter earnings fell 28% as the managed-care company spent more to cover medical claims, though increased membership drove its revenue higher than expected.
Telenor to Auction India JV Assets, Unitech Threatens to Move Court
Telenor ASA (TEL.OS) Wednesday invited bids to auction its troubled Indian telecommunications joint venture, ignoring opposition from partner Unitech Ltd. (507878.BY) which called it an unfair and indirect move by the Norwegian company to transfer the assets to one of its units.
ENRC Output Mixed; Sees Strong Demand Despite Challenging Market
U.K.-listed, Kazakhstan-focused miner Eurasian Natural Resources PLC (ENRC.LN) Wednesday reported mixed second-quarter output across its commodities, but said demand remains solid.