Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
minister@ (Adds share price, seeks company comment)
TINDOUF, Algeria, May 27 (Reuters) - Algeria's energy minister said on Monday he would seek a "good compromise" when asked about his earlier comments that Algiers would block a plan by France's Total to buy Anadarko's Algerian assets.
Occidental Petroleum agreed to sell Anadarko Petroleum Corporation's assets in Algeria, Ghana, Mozambique and South Africa to Total for $8.8 billion if the U.S. oil company succeeds in completing its plan to take over of Anadarko.
Algerian Energy Minister Mohamed Arkab said on Sunday that Algiers would block Total's acquisition. Algeria remains wary of investments by firms from its former colonial occupier, although Total signed energy deals with the country in 2018.
Anadarko declined to comment and Occidental did not respond to a request for comment on Monday.
"Sonatrach needs to maintain good ties with foreign partners to develop its programs," Arkab told reporters, adding that state-owned Sonatrach would "preserve its interests."
"Sonatrach will seek a good compromise," he said about the acquisition, speaking during a visit to Tindouf gas field, 1,700 km south west of Algiers. He did not elaborate.
Anadarko holdings in Algeria represent about 260,000 barrels per day (bpd) of oil, more than 25% of the country's crude production estimated at 1 million bpd.
Occidental shares traded down 1.4 percent to $52.73 on Monday morning. (Reporting by Lamine Chikhi. Additonal reporting by Jennifer Hiller in Houston. Writing by Ulf Laessing Editing by Edmund Blair and David Gregorio)