Author: Vitaliy Dadalyan

Merkel Promoted Wirecard to Chinese Officials Before Scandal

(Bloomberg) -- Angela Merkel promoted Wirecard AG during a past state visit to China, the latest revelation about the government’s association with the fallen German tech darling.Opposition lawmakers are threatening to call for a parliamentary investigation as they press Merkel’s administration over how it pursued fraud allegations against a member of Germany’s benchmark DAX index.Underscoring the impact of the scandal, the finance committee in Germany’s lower house of parliament plans to interrupt the summer recess to hold a special session on July 29 to discuss Wirecard.Finance Minister Olaf Scholz and Economy Minister Peter Altmaier have been invited, as well as officials from the government’s Financial Reporting Enforcement Panel, according to Daniel Bayaz, a lawmaker from the Green party.‘Last Chance’“The government needs to end its piecemeal approach and finally put everything on the table,” Bayaz said via email, calling next week’s hearing the “last chance” for the government to avoid a parliamentary...

Chevron picks Noble in biggest U.S. energy deal since oil crash

The deal, the largest in the U.S. energy sector this year, comes more than a year after Chevron abandoned its offer for Anadarko Petroleum Corp, outmaneuvered by Occidental Petroleum Corp's higher bid. "Chevron (is) taking advantage of its strong relative performance versus the U.S. exploration and production companies and capitalizing on the downturn to buy into some high quality assets," said Anish Kapadia, head of London-based independent oil and mining advisory Palissy Advisors. The deal will also give Chevron access to Noble's flagship Leviathan field, the largest natural gas field in the Eastern Mediterranean, which began producing natural gas late last year....

Chevron to buy Noble Energy in $5 billion deal

Noble's assets will expand Chevron's presence in the DJ Basin of Colorado and the Permian Basin across West Texas and New Mexico. Chevron's offer comes more than a year after it was forced to abandon its takeover bid for Anadarko Petroleum Corp, outmaneuvered by Occidental Petroleum Corp's higher offer....