The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea.
This time, there was no retreat. Moreover, shares across markets revived with Chinese stocks surging for the second day after the recent rout.
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $US4.5 billion ($6.3bn) in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
... * Suzuki chief says he feels 'so refreshed'. * VW welcomes clarity, says cooperation now ended. * German stake worth about $3.8 bln at Friday's close (Adds Volkwagen comment, details, reaction).
The turmoil in China has intensified the debate within a divided Federal Reserve over whether the inflation outlook will be strong enough to justify higher interest rates as soon as next month, as policymakers around the world struggle to get to grips ...