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Trading Ideas

Russia gives tentative nod to Schlumberger’s acquisition of EDC stake

Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger (SLB.N) to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a chilling in U.S.-Russian relations. RIA news agency cited Igor Artemyev, head of Russia’s anti-monopoly body (FAS), as saying the regulator would quickly start talks with Schlumberger, the largest oilfield services company by revenue. …read more […]

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Business News

Sainsbury’s and Walmart’s Asda in talks about 10 billion pound merger: Sky News

LONDON (Reuters) – Sainsbury’s , Britain’s second largest supermarket, and Walmart , the world’s biggest retailer, are in advanced talks about a tie-up that would create ‎a more powerful rival to UK market leader Tesco , Sky News reported on Saturday.

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Trading Ideas

Trump says he has responsibility to resolve Korean conflict

President Donald Trump is claiming credit for a historic inter-Korean summit, but now faces a burden in helping turn the Korean leaders’ bold but vague vision for peace into reality after more than six decades of hostility. “It is still unclear whether North Korea still believes that it can have its cake and eat it too,” said Victor Cha, who until January had been in the running to become Trump’s choice for ambassador to South Korea. Cha said that while the atmospherics of the inter-Korean summit got an “A” grade, the meeting had failed to clarify whether Kim …read more […]