Glencore Xstrata Plc, the global commodities trading and mining group, agreed to buy Caracal Energy Inc. for about $1.35 billion to take control of oil and gas assets in the central African nation of Chad.
Achilles Macris, a former JPMorgan Chase & Co. executive who oversaw the unit where a trader known as the London Whale caused $6.2 billion in losses, won the chance to respond to allegations he misled regulators.
The U.K. markets regulator hired Simon Davis, a litigation partner at Clifford Chance LLP, to lead an independent inquiry into its handling of a press leak that sent shares in insurance companies tumbling last month.
Clifford Chance LLP formed an association with Linda Widyati & Partners of Indonesia, a boutique law firm with experience in corporate mergers and acquisitions, banking and finance, and capital markets.
Holders of bonds sold by Shanghai Chaori Solar Energy Science & Technology Co. will consider a lawsuit to force payment after the company became the first to default on onshore corporate debt in China.