PNG to seek damages on UBS loan deal

PORT MORESBY — An investigation will be conducted into the “main players” in the Union Bank of Switzerland (UBS) K3 billion (US$1.3 billion) loan deal, says Papua New Guinea Prime Minister James Marape. He said

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PNG K3billion UBS loan report released

Papua New Guinea Prime Minister James Marape says those implicated in the controversial K3 billion UBS loan will be criminally

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UBS Inquiry: Loan losses quantified

Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland (UBS) in 2014, far more than earlier thought, the UBS Inquiry has heard. Current Prime Minister, James

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Loan losses quantified as PNG Inquiry prepares to release report

Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland in 2014, far more than earlier

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Oil Search and Santos merger reflects funding worries for new projects

The proposed merger of oil and gas companies Oil Search and Santos could put downward rating pressure on Santos, according to S&P Global Ratings, while other analysts predict more global mergers and acquisitions in

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Oil Search rejects Santos bid

Oil Search rejected an unsolicited scrip-based takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at AUD$8.8 billion (US$6.5 billion), the two companies said on Tuesday.

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