PetroEnergy Resources Corp. (PERC) is moving to consolidate its stake in renewable energy after signing a Share Purchase Agreement to acquire BCPG Wind Cooperatief U.A.’s entire 40 percent equity interest in PetroWind Energy Inc. (PWEI).
Oriental Petroleum and Minerals Corp. is gearing up for the next chapter of the West Linapacan project as its joint venture moves to secure a new petroleum service contract ahead of the current concession’s expiration.
The Philippine Competition Commission (PCC) has cleared Metro Pacific Agro Ventures Inc.’s takeover of Franklin Baker Company of the Philippines, paving the way for a major consolidation in the country’s coconut industry.
U.S. stocks jumped Thursday after a long-delayed inflation report delivered a clear upside surprise, snapping Wall Street out of a four-session slide and reigniting hopes for interest-rate cuts.