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Natixis’ H20 arm sells some of its bonds portfolio

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PARIS (Reuters) – H20, the London-based fund management arm of French bank Natixis which has been hit by outflows of money, said on Monday it had sold some of its bonds portfolio. “H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in Read More

Iran’s parliament approves draft law for new oil, gas condensates refineries

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Tehran — Iran’s parliament on Sunday ratified a draft bill allowing private investors to build new oil and gas condensates refineries in the country in a bid to neutralize the US sanctions on the country’s exports of hydrocarbons, the oil ministry’s Shana news service reported. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Iran welcomes Moscow’s help on its oil sales

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Tehran — Iran reiterated its interest in trading oil with Russia, with Moscow proposing a “trade cooperation,” state television news agency iribnews.ir reported Sunday, citing Central Bank of Iran Governor Abdolnasser Hemmati. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We also are interested in trade relations with them Read More

Germany’s Metro says $6.6 billion bid undervalues company

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FRANKFURT (Reuters) – Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. FILE PHOTO: German retailer Metro AG sign is seen on the steps of their headquarters in Duesseldorf, Germany Read More

Illiquid assets held by Woodford’s UK fund pose hurdle to reopening

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LONDON (Reuters) – Trading in Neil Woodford’s 3.7 billion pound ($4.69 billion) Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds. Neil Woodford, founder and fund manager at Woodford Investment Management, is seen in this undated handout picture released on June 10, Read More

Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate

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(Reuters) – The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said. FILE PHOTO – U.S. flags fly Read More

Exxon Mobil seeks bids for Norwegian offshore assets

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FILE PHOTO – A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes OSLO (Reuters) – Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a Read More

‘Iran would sign no-war pact with Iraq if not for US’ destabilizing role’ – Top security official

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Iran considers security in the Gulf as vital and does not intend to attack anybody, Secretary of the country’s Supreme National Security Council Ali Shamkhani told RT, accusing the US of sowing discord in the region. Shamkhani told RT’s Salam Musafir on a visit to Moscow that his country aims to ease tensions with all Read More

PGS ASA: Implementation of 2019 Employee Long-term Incentive Plan

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June 21, 2019: Oslo, Norway, PGS (or “the Company”) announces that the 2019 long term incentive plan, as approved by the Annual General Meeting on April 24, 2019, has now been implemented by allocating 2 249 300 Performance based Restricted Stock Units (“PRSUs”). The awards are based on amongst other considerations the position in the Read More

California governor proposes $21 billion wildfire fund: media

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FILE PHOTO: California’s Governor Gavin Newsom speaks during the California Democratic Convention in San Francisco, California, U.S. June 1, 2019. REUTERS/Stephen Lam LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed a fund of up to $21 billion to help utilities pay for future wildfire damage, according to media reports on Friday. The proposal Read More