Milan— Eni E -0.49 % SpA said Sunday it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest-ever find in the Mediterranean Sea.
The stock market sell-off is not the problem. Yes, the Shanghai Composite Stock Index has dropped almost 40 per cent since its June peak, but the Chinese economy has rarely been upset by fluctuations of its financial markets.
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.
TOKYO Aug 31 U.S. activist investor Daniel Loeb said Suzuki Motor Corp should cancel the shares it plans to buy back from Volkswagen AG, not issue equity or convertible shares.
The main stock index in China surged by 5.3% on Thursday and that was the biggest gain for the index in weeks. Other markets across Asia too advanced following cues from Wall Street and investors got some relief after colossal global losses.