Mergers & Aquisitions
Philippines to okay sale of Petron stake to Ashmore
MANILA, May 12 (Reuters) - Philippine Finance Secretary Margarito Teves said on Monday that state-owned Philippine National Oil Co (PNOC) was likely to approve the sale of Saudi Aramco's 40 percent stake in oil refiner Petron . Full Article
Vodafone spokesman says not pursuing MTN bid
LONDON (Reuters) - Vodafone Group , the world's largest mobile phone group by revenue, has no intention of pursuing a bid for the South African company MTN , a spokesman said on Sunday. Full Article
Execs defend humans in high-tech markets
NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article
