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  • *Reserves on similar scale to UK, South Sudan. KINSHASA, Aug 7- An oil company owned by Israeli billionaire Dan Gertler said on Thursday it had discovered reserves of around 3 billion barrels in the Democratic Republic of Congo, an amount similar to the proven reserves of oil producers Britain and South Sudan.

  • STOCKHOLM, Aug 7- Philippine Long Distance Telephone Company said on Thursday it was buying a 10 percent stake in Rocket Internet for 333 million euros in cash, valuing the German internet firm and potential IPO candidate at 3.3 billion euros.

  • The senate approved a series of laws this week aimed at attracting companies such as Royal Dutch Shell Plc and Exxon Mobil Corp, and help stem declining crude production in Latin America's No. 2 economy.

  • WASHINGTON, Aug 6- Sprint Corp's newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank.

  • UPDATE 5-Sprint drops bid to buy T-Mobile, changes CEO Wednesday, 6 Aug 2014 | 12:11 PM ET

    Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters. Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday.

  • *Walgreen to buy remaining 55 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co said it would not use a full takeover of Europe's biggest pharmacy chain, Alliance Boots, to move its domicile overseas, following fierce criticism of such tax-cutting deals at home.

  • *Price tag of development project estimated at $20 billion. BEYLA, Guinea, Aug 5- In a remote, southeastern corner of Guinea, the mist-shrouded Simandou mountain range rises above the lush forest.

  • *Walgreen to buy remaining 45 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co won't use a full takeover of Europe's biggest pharmacy chain Alliance Boots to move its domicile overseas, it said on Wednesday, following fierce criticism of such tax-cutting deals at home.

  • *Sprint to name Brightstar's Marcelo Claure as CEO- source. Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.

  • LONDON, Aug 6- Well before settling a long-running oil price manipulation case this week, global oil trader Arcadia had shrunk itself to a leaner operation with an almost singular focus: trading the very contracts U.S. regulators accused them of rigging.

  • LONDON, Aug 5- French telecom firm Iliad is in talks with investors to improve its bid for T-Mobile US because it expects the parent company Deutsche Telekom to reject its $15 billion offer, three sources familiar with the matter said on Tuesday.

  • WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.

  • *Price tag of development project estimated at $20 billion. BEYLA, Guinea, Aug 5- In a remote, southeastern corner of Guinea, the mist-shrouded Simandou mountain range rises above the lush forest.

  • *Aeroflot gets overflight fees, shares tumble. MOSCOW, Aug 5- Russian Prime Minister Dmitry Medvedev threatened on Tuesday to retaliate for the grounding of a subsidiary of national airline Aeroflot because of EU sanctions, with one newspaper reporting that European flights to Asia over Siberia could be banned.

  • MUNICH, Germany, Aug 5- A German judge said on Tuesday he would discontinue for now a bribery trial against Formula One boss Bernie Ecclestone following his offer to make a $100 million payment. He ordered Ecclestone to pay $100 million within a week- $99 million to the state and $1 million to a children's charity.

  • MUNICH, Germany, Aug 5- Formula One boss Bernie Ecclestone has offered to make a $100 million payment to end his trial on bribery charges, a district court in Munich said on Tuesday, with state prosecutors saying they would accept his offer. Judge Peter Noll asked Ecclestone if he could make the $100 million payment within a week.

  • MUNICH Aug 5- Formula One boss Bernie Ecclestone has offered to make a $100 million euro payment to end a trial on bribery charges, a district court in Munich said on Tuesday. The state prosecutors told the court they would agree to accept his offer.

  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face an unusual three-year limit on trading physical U.S. benchmark crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, the CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.

  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face three-year limits on trading benchmark U.S. crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.

  • NEW YORK, Aug 4- Three oil trading firms and two traders agreed to pay $13 million to settle a U.S. regulator's lawsuit accusing them of manipulating oil markets in 2008 as prices were soaring, leading to more than $50 million of illegal profit.