Tuesday , May 23 2017

Australian logistics giant Asciano broken up in US$6.8bn joint takeover

Sydney / AFP Australian logistics giant Asciano said on Tuesday it was recommending a $6.8 billion takeover deal between two rival local and international suitors, breaking up the company’s ports and rail assets. The announcement ended a bidding war for Asciano, a major Australian rail, freight and ports operator, between ...

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Russia says Iran may join oil freeze after boosting output before imposed sanctions

epa05021744 Russian Energy Minister Alexander Novak attend the 12th session of Russian-Iranian commission on trade and economic cooperation in Moscow, Russia 12 November 2015.  EPA/YURI KOCHETKOV

Bloomberg Iran may join other oil suppliers in freezing production after restoring its own output to levels before sanctions were imposed, Russian Energy Minister Alexander Novak said after meeting with the Persian Gulf nation’s oil minister. Iran has “reasonable arguments” not to be constrained by the freeze for now, Novak ...

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