Tuesday, July 7, 2015
Tanzanian lawmakers have passed a new petroleum bill that creates a regulatory and legal framework to manage discoveries and control of the East African nation's natural gas reserves and possible future oil finds, officials said.
Samsung C&T on Sunday rebuffed a report by global shareholder adviser Institutional Shareholder Services that recommended its shareholders to oppose the proposed merger with Cheil Industries, the de facto holding company of Samsung Group.
The Egyptian pound has fallen to a new low against the U.S. dollar, the second such drop in days, the country's central bank said Sunday, in a move that could help boost much-needed foreign investment.
The reclusive beekeeper who co-founded Burt's Bees, and whose face and wild beard appeared on labels for the natural cosmetics, died on Sunday. Burt Shavitz was 80.
As of June 20, Japan had invested US$37.7 billion in 2,661 projects in Vietnam, statistics from the Vietnamese Foreign Investment Department show.
Asian equities fell Monday after Greece overwhelming rejected further austerity measures, pushing it closer to a eurozone exit, while Shanghai underwent another day of volatility as China introduced a raft of measures to shore up the slumping market
Oil fell in Asia Monday as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt-strapped nation crashing out of the eurozone, analysts said.
The euro rose Monday after Greece's Finance Minister Yanis Varoufakis announced his shock resignation, just hours after the cash-strapped nation rejected creditors' austerity demands in a landmark weekend referendum.
The Arab Petroleum Investments Corporation (APICORP) said Monday it has established a US$3-billion Islamic sukuk program to diversify its sources of funding and enhance links to global investors.
Monday, July 6, 2015
The World Bank has removed a sharply critical portion from a recently released report on mainland China's economy that called for reform of its financial system, saying the section had not been adequately reviewed and that its wording was inappropriate.