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Reliance looks to buy LyondellBasell assets

The bankrupt international petrochemical group has assets that could be worth as much as $6bn and would mark the first large-scale overseas foray by Mukesh Ambani

Hampton to join board at Anglo American

The global mining company, emerging from an annus horribilis of collapsed markets and an unwanted approach, makes a show of strength with the appointment of Sir Philip Hampton

Concern over Eskom as chairman quits

The resignation of Bobby Godsell adds to apprehension in the South Africa’s private sector about the management of the giant state-owned electricity utility

Solar power’s prospects rise in the east

The Arab world is considering life once its oil and gas reserves are used up, and the region’s abundant sunshine seems to be the likeliest source of energy

Cash-strapped Suzlon to hold debt talks

Suzlon Energy is taking steps to build up its cash position and is weighing up whether to divest more assets to repair its balance sheet as it weathers the global financial crisis

Invicta Capital plans £300m fund

Invicta Capital, which provides investment opportunities for private clients, is seeking to raise a new £300m fund dedicated to the construction and operation of biomass combined heat and power plants in Scotland

Labour backs nuclear option on energy

Plans for a huge expansion of nuclear power were to be set out by the government on Monday, as it publishes an energy strategy designed to smooth the way for new power stations and other large infrastructure projects

Lex: Initial public offerings

Jitters in the IPO market attest to continued uncertainty, but are more likely to be speed-bumps on the road to recovery than road-blocks

Ukraine pays Russian gas bill

Ukraine’s prime minister, says the recession-ravaged country had squeezed enough funds from consumers and cash-strapped state coffers to pay a $500m October gas bill to Gazprom, Russia’s natural gas giant

EDF reactor timetable sparks concern

Potential delays to the construction of the state-controlled utility’s new generation nuclear reactor prompt the group to put teams to work around the clock

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