Asia stocks rise on Wall St. surge, dollar steady after rebound

A pedestrian walks past electronic boards showing stock prices outside a brokerage in TokyoBy Shinichi Saoshiro TOKYO (Reuters) – Asian stocks rose on Monday after Wall Street rallied on an easing of tensions in Ukraine, although conflicts in other geopolitical hotspots such as Iraq limited gains. Wall Street surged on Friday after Russia said it had finished military exercises in southern Russia, which the United States had criticized as a provocative step amid the Ukraine crisis. U.S. stock futures pointed to a slightly firmer open on Wall Street later in the day. The dollar, which suffered heavy losses against the safe-haven yen last week after U.S. President Barack Obama authorised air strikes in Iraq, stood steady after rebounding sharply late Friday as the Ukrainian news arrested the slide in U.S. Treasury bond yields.


Asia stocks up on Wall St. rally, dollar firm after rebound

A man walks past an electronic stock quotation board outside a brokerage in TokyoBy Shinichi Saoshiro TOKYO (Reuters) – Asian stocks rose in early trade on Monday after Wall Street rallied with the latest round of tensions in Ukraine easing for now, although simmering tensions in other geopolitical hotspots such as Iraq limited gains. Wall Street surged on Friday after Russia's defense ministry said it had finished military exercises in southern Russia, which the United States had criticized as a provocative step amid the Ukraine crisis. The dollar, which suffered heavy losses against the safe-haven yen last week after U.S. President Barack Obama authorized air strikes in Iraq, stood steady after rebounding sharply late Friday as the Ukrainian news arrested the slide in U.S. Treasury bond yields.


Blackstone close to deal for Shell’s 50 percent stake in shale assets – source

The Shell logo is seen at a Shell petrol station in LondonBlackstone Group LP is close to a deal to buy a 50 percent stake worth $1.2 billion (715 million pounds) in a gas field in Louisiana currently owned by Royal Dutch Shell , according to a person familiar with the matter. The shale assets lie in the Haynesville Shale in Louisiana and Texas. Shale gas, or natural gas trapped in layered rock, has revitalised the U.S. gas market by providing an abundant new supply source. The Wall Street Journal was first to report the news on Sunday.


Kinder in $44bn deal to buy out investors

The move to simplify the company’s sprawling corporate structure comes amid investor excitement over the prospects for US energy production

Blackstone eyes $1bn Shell gas stake deal

Private equity group is set to acquire Shell’s stake in the Haynesville Shale formation as the energy company retreats from souring US investments