SINGAPORE - Qatari firm Gulf Drilling International has signed a letter of intent (LOI) to buy two jackup rigs from Singapore's Keppel Corp in a deal that could be worth US$400 million.
The news was published on Gulf Drilling's website. A Keppel spokeswoman said the firm did not announce deals when they are still at the LOI stage.
DMG & Partners, a Singapore brokerage, estimated the deal to be worth around US$400 million. -- REUTERS
Weak yen pressures Bank of Japan’s interest rate decision
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THE weak yen is putting pressure on the Bank of Japan to tighten monetary
policy, analysts say, although it is not expected to hike its main interest
rate ...
59 minutes ago
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