ROME - 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).
(Adds CFO comments, updates shares). By John Tilak. TORONTO Aug 28 (Reuters) - Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll.