LONDON, March 21 - Indian Oil Corporation , India's largest company by revenues, is the bidder behind the approach to UK-listed Gulfsands Petroleum, a source close to the situation confirmed on Sunday. The Syria-focused oil explorer last week reje
MILAN, March 21 - British home insurance group HomeServe Plc is ready to set up offices in Italy and has acquisitions lined up, Il Sole 24 Ore said on Sunday, citing the company's Chief Executive Richard Harpin. 'In the next few months we will inv
By Michael Holden LONDON, March 21 - Union leaders called on Sunday for talks with British Airways bosses to end strike action by cabin crew staff that has led to the cancellation of hundreds of flights and disrupted travel plans for thousands of
JERUSALEM, March 22 - A Tel Aviv judge has approved a plan enabling Israeli real estate developer Africa Israel Investments to restructure 7.4 billion shekels of debt, the company said on Sunday. Bondholders and shareholders of Africa Israel last
By Matt Smith DUBAI, March 21 - Dubai's bourse hit a 10-week on closing high on Sunday as investors bet on a Dubai World restructuring offer favourable to creditors, while other Middle East markets were flat. The Saudi market recouped initial los
Sudan will inaugurate a new 405-megawatt, $680 million power plant on March 24, the state-runSUNA news agency reported, citing an unidentified official atthe national electricity commission. The Finance Ministry will also sign an agreement with theE
Tory plans to introduce a bank levy without international support pose a hell of a risk to City jobs, Chancellor Alistair Darling has said.David Cameron has vowed to press ahead with the tax - without support from other countries if necessary - in
The Syria-focussed oil explorer last week rejected an unsolicited takeover approach of around 350 pence per share, saying the proposal was wholly inadequate . The company, whose shares closed at 308 pence on Friday, is due to upgrade its reserves
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