The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Trade tensions that could lead to layoffs and a pullback from consumers are at the center of the recession case.Economyread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
There's a reason the film industry doesn't measure the success of modern movies against those of the past — movie ticket inflation isn't an exact science.Entertainmentread more
A US judge presiding over multidistrict litigation alleging J&J's talc baby powder causes ovarian cancer starts hearing from experts Monday.Health and Scienceread more
Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account...Investingread more
Air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance and underperforming in the second quarter.Marketsread more
Following a record breaking opening weekend for Disney's "The Lion King," CNBC's Jim Cramer said the company's stock is an "annunity stream" for investors.Investingread more
(To add details)
BEIRUT, March 11 (Reuters) - Qatar Petroleum said on Monday it had struck a deal with Italy's ENI to acquire a 25.5 percent participating interest in block A5A in the Angoche basin, offshore Mozambique.
The agreement between state-owned Qatar Petroleum and ENI, which operates the block, is subject to regulatory approvals by the Mozambique government, Qatar Petroleum said in a statement.
Following the approvals, Eni will hold a 34 percent participating interest in the block, while Sasol and Qatar Petroleum will hold 25.5 percent each and Empresa Nacional de Hidrocarbonetos (ENH) will hold 15 percent.
"Having a large and diversified exploration portfolio is a key long-term objective for Qatar Petroleum and essential for success, Saad Al-Kaabi, Qatar's minister of state for energy affairs and President and CEO of Qatar Petroleum said in the statement.
Qatar, a tiny but wealthy country, is one of the most influential players in the liquefied natural gas (LNG) market due to its annual production of 77 million tonnes. It plans to boost capacity 43 percent by 2023-2024 and will be building four liquefaction trains for this increase. (Reporting by Dahlia Nehme; Editing by Susan Fenton and Mark Potter)