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Canada’s Nexen oil company shareholders approve Chinese takeover for $15.1 billion

September 22nd, 2012 - 9:21 pm ICT by BNO News
CALGARY, CANADA (BNO NEWS) -- Canadian oil and gas company, Nexen Inc., on Thursday announced that its shareholders have approved the proposed takeover by China National Offshore Oil Company (CNOOC).The Plan of ... Read more...

Posted in Business |

Bank of America posts surprising profits

April 21st, 2009 - 4:19 am ICT by IANS
New York, April 21 (DPA) Bank of America Corp. Monday became the latest US bank to report a stunning return to profitability in the first quarter of this year, easing some concerns ... Read more...

Posted in Business |

Fed announces $85-bn loan to AIG

September 17th, 2008 - 10:46 am ICT by IANS
Washington, Sep 17 (DPA) The US Federal Reserve Board has announced a $85-billion loan to embattled insurance giant American International Group (AIG) in a move to calm financial markets fearing a possible ... Read more...

Posted in World |