The troubled Shanghai-based oil company says it has dropped plans for a major expansion through Central Europe, following a statement from the Czech government that the company’s chairman has been sidelined amid an investigation in China.
Dallas-based investment firm Lantern Capital has struck a deal to purchase the assets of Harvey Weinstein’s film and TV studio in a transaction that requires the troubled entertainment company to file for bankruptcy.
Facebook confronted an intensifying crisis as political leaders in the U.S. and Europe called for aggressive inquiries into whether the technology giant failed to stop improper access and handling of user data, scrutiny that sent the company’s stock to
Facebook shares posted their largest percentage decline in nearly four years, jolting investors who have rallied behind a handful of hot technology firms and raising fresh questions about the resiliency of a nine-year-old bull market in U.S. stocks.
Crew of the Open Arms had refused to hand over migrants to Libya, as required in a Libyan-Italian agreement, because of concerns about the conditions in which returned migrants are being held in Libya.
SandRidge Energy Inc. has rejected Midstates Petroleum Co.’s unsolicited stock-for-stock offer, saying the numbers didn’t make a deal feasible, but it has hired advisers and said it is open to other options—that may include Midstates.
Saudi Arabia is scaling back its ambitions for a public offering for oil giant Aramco, moving ahead with a listing next year solely on the Saudi stock exchange while taking more time to decide if an international venue is worth it, government officials an
The world’s top shopping mall companies are betting that e-commerce isn’t such an existential threat. The latest sign is a tentative bid for U.K. real-estate investment trust Hammerson from its French peer Klépierre.
Russian President Vladimir Putin’s victory in Sunday’s presidential election has left deep divisions in an opposition movement that had been buoyed in recent months by countrywide protests, but that failed to translate its momentum into a broad poli
Micro Focus’s $8.8 billion merger with Hewlett Packard’s software business represented a rarity 18 months ago: a British tech company taking over a foreign one, rather than the other way around. It hasn’t worked out as planned.
The continuing presence of Christian aid workers in North Korea has sharpened debate over whether gifts of food and medicine allow Kim Jong Un’s regime to divert domestic spending to its nuclear arms program. Aid groups say they are building goodwill.
The new head of the People’s Bank of China has pedigree as an advocate of free-market reforms. But with Beijing reasserting the role of the state sector in China’s economy, he will find it hard to pursue real change.