Important News Everyday

DealZone Daily

admin — Thu, 11 Mar 2010 15:00:28 +0000

British Petroleum is bidding on a package of Devon Energy assets that the US energy company put up for sale late last year, sources familiar with the matter told Reuters. The company is looking at Devon’s position offshore Brazil, as well as Gulf of Mexico and Canadian assets, one source said. There could be around six other bidders as well as the British oil major. Read the story here.

And in news reported by other media on Thursday:

Dubai World will present its first concrete proposals to local banks on Thursday on restructuring $22 billion of debt, The National newspaper reported, citing unnamed sources. The state-owned conglomerate has requested meetings with Emirates NBD and Abu Dhabi Commercial Bank to present its proposals.

Japan fish sellers blasts tuna ban

admin — Thu, 11 Mar 2010 15:00:28 +0000

Mar 11 – Japan is opposing a proposed Atlantic bluefin tuna ban, with everyone from fish sellers to the government calling it unnecessary.

Business Update: Asia eyes rates

admin — Thu, 11 Mar 2010 15:00:27 +0000

Mar 11 – Asian share investors eye possible central bank moves in Japan and China, with markets mixed across the region.

China inflation, rate talk grows

admin — Thu, 11 Mar 2010 15:00:26 +0000

Mar 11 – Chinese consumer inflation surges to a 16-month high in February, but expert expects it to decelerate in the next couple of months.

New name tops Forbes rich list

admin — Thu, 11 Mar 2010 15:00:26 +0000

Mar 10 – Mexican telecom mogul Carlos Slim Helu has edged Bill Gates out of the new top spot on the Forbes billionaire list. Bobbi Rebell reports.

Forbes releases billionaires list

admin — Thu, 11 Mar 2010 15:00:25 +0000

Mar. 10 – Reuters Correspondent Michelle Nichols talks about who’s making the Forbes billionaire list this year, and who’s not.

Cisco has a lot to learn about hype

admin — Thu, 11 Mar 2010 15:00:25 +0000

Mar. 10 – Breakingviews columnist Rolfe Winkler says Cisco — with CEO John Chambers, left — has a lot to learn from Steve Jobs and Apple about hyping its new products.

‘Golden coffins’ irk shareholders

admin — Thu, 11 Mar 2010 15:00:24 +0000

Mar. 10 – Shareholders irate over excessive compensation paid to executives have a new target this proxy season: so-called golden parachutes and golden coffins.

Living wall is a breath of fresh air

admin — Thu, 11 Mar 2010 15:00:23 +0000

Mar 10 – U.S. retailer Anthropologie’s London store attracts customers with a 1,500 square foot indoor ‘Living Wall’. Hayley Platt reports.

UPDATE 2-EU defends hedge fund rules against U.S. critics

admin — Thu, 11 Mar 2010 15:00:22 +0000

* Washington worried rules could penalise U.S. fund managers