Investors are gorging on American assets

Investors are gorging on American assets

ECONOMISTS think prices, like spilt ketchup, are sticky. They move only slowly as firms digest economic conditions. Financial markets are an exception. Computerised trading by thousands of participants means prices, especially of currencies, can move in a McFlurry. Since The Economist last updated the Big Mac index (BMI), our lighthearted guide to currency valuation, burger […]

BP in lead to acquire BHP's U.S. onshore shale assets: sources

BP in lead to acquire BHP's U.S. onshore shale assets: sources

(Reuters) – BP Plc (BP.L) is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd (BHP.AX) (BLT.L) after submitting an offer worth well in excess of $ 10 billion, people familiar with the matter said on Friday. FILE PHOTO: Logos of BP are on display at a […]