The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
$400 mln@ (Repeats story without changes for wider distribution)
March 27 (Reuters) - Diversified Gas & Oil Plc said on Wednesday that it had agreed to buy some producing gas assets located in Pennsylvania and West Virginia from HG Energy for about $400 million.
Diversified Gas, a U.S-based owner and operator of natural gas, natural gas liquids, oil wells as well as midstream assets, said the assets included 107 unconventional, producing gas wells with a combined net daily production of over 20,000 barrels of oil equivalent (boe).
London-listed Diversified Gas also announced a proposed placing of shares by way of accelerated bookbuild to raise not less than $225 million to fund the deal.
The wells are located close to Diversified Gas' existing operations in the Appalachian Basin in the northeastern United States.
The company made a string of acquisitions in the Appalachian Basin last year.
The deal is expected to push up pro forma net production to more than 90,000 boepd and immediately add to per share cash flow and earnings. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shailesh Kuber)