(Adds more details of the deal) German lending major Deutsche Bank AG (DB) said on Friday that it has reached a deal to buy Numis, an independent British institutional stockbroker and corporate advisor, in which each Numis shareholder entitled to receive 350 pence per share, valuing the entire issued and to be issued share capital at around 410 million pounds. […]

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Ovintiv Inc. (OVV), a hydrocarbon exploration and production firm, said on Monday that it has inked a deal to acquire substantially all leasehold interest and related assets of the portfolio companies of funds managed by EnCap Investments L.P., in a cash and share transaction, for around $4.275 billion. The list of portfolio companies includes Black Swan Oil & Gas, PetroLegacy […]

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Alibaba Group Holding Ltd. (BABA) announced Tuesday a new organizational and governance structure to empower all its businesses to become more agile, enhance decision making, enable faster responses to market changes, and promote innovation to capture opportunities in their respective markets and industries, thereby unlocking the value of Alibaba Group’s various businesses. Under this plan, the company will have six […]

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video Biden playing the ‘blame game’ on energy: Sen. John Barrasso Sen. John Barrasso, R-Wyo., joins ‘Varney & Co.’ to discuss the House voting to end the COVID public health emergency and Biden’s energy policies. Sen. John Barrasso R-Wyo., joined 'Varney & Co.' Wednesday to discuss Biden's 'war' on energy, stressing that the U.S. is hurting from his energy policies. […]

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Dignity plc (DTY.L) and YELLOW (SPC) BIDCO have reached agreement on the terms of a recommended cash offer to be made by Bidco to acquire the entire issued and to be issued share capital of Dignity, other than the Dignity shares already owned or controlled by Castelnau and PAMP. The Bidco is a newly formed company indirectly owned or controlled […]

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video California windfall tax would lead to refinery ‘shutdowns,’ ‘exacerbate’ oil supply crisis: Andy Lipow Lipow Oil Associates President Andy Lipow calls for a ‘balanced approach’ to the ‘expensive’ renewable energy push. U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing […]

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video FOX Business Flash top headlines for December 15 Check out what’s clicking on FoxBusiness.com Canada has revoked the waiver it issued on sanctions targeting the Nord Stream 1 pipeline despite European energy concerns after Ottawa said Russia showed no intention of bringing the pipeline back up and running.    Authorities on Wednesday said they were revoking a temporary waiver […]

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video Tim Stewart: I’ve never seen OPEC ‘stiff-arm’ the US president U.S. Oil & Gas Association president Tim Stewart discusses how Biden can stabilize the ‘volatile global oil market’ on ‘Cavuto: Coast to Coast.’ OPEC left its forecast for global oil supply and demand largely unchanged Monday, as it warned that major unknowns such as Covid-19 cases in China and […]

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video US facing ‘real national security threat’ over ‘too much’ Russian energy dependence: Amir Adnani Uranium Energy Corp. founder and CEO Amir Adnani says ‘energy is life’ and stresses that the U.S. must be in control of its own supply and ‘destiny.’ One U.S. energy CEO is calling out President Joe Biden’s proposed windfall profits tax and further finger-pointing at […]

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A federal judge has blocked Publisher Penguin Random House’s $2.18 billion merger deal with peer Simon & Schuster citing competition concerns for author payouts, reports said. The ruling comes in favor of the U.S. Justice Department’s antitrust challenge that the intended merger would unlawfully curtail competition. In response, consumer-book publisher Penguin Random House, owned by German media company Bertelsmann SE, […]

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