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Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion.

February 10, 2026
Stella
Finance

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B, where Valaris shareholders will receive 15.235 shares of Transocean stock for each VAL share owned, representing...

Africa’s $29.5 trillion mineral jackpot isn’t the real story, it’s the $8.6 trillion we haven’t touched.

February 10, 2026
Stella
Finance

But the real story is the part that remains untouched. More than US$8.6 trillion in African mineral deposits still lie undeveloped. This is roughly two and a half times...

Nigeria signs deal with South Korea to launch Africa’s first electric vehicle factory.

February 10, 2026
Stella
Finance

The agreement, signed on January 30, 2025, by Minister of State for Industry Senator John Enoh for Nigeria and AEDC Chairman Yoon Suk-hun for South Korea, marks a major...

Russia, Ethiopia trade racks $435 million in coffee and machinery sales.

February 10, 2026
Stella
Finance

The Russian Ambassador to Ethiopia, Evgeny Terekhin, disclosed the figures in comments to Russian state media, attributing the sharp rise to stronger exports of fertilisers, agricultural machinery, and energy...

China is “selling” America, but the rest of the world is still buying.

February 10, 2026
Stella
Finance

The past few months have produced a strange contrast in global markets. Headlines warn that China is cutting back on US treasuries while the dollar slides and confidence in America is...

U.S., China and India compete for Congo cobalt firm owned by Kenyan-Indian multimillionaire Shiraz Virji.

February 9, 2026
Stella
Finance

Virtus Minerals Inc., a Delaware registered firm led by veterans of the U.S. military and intelligence community, has agreed to acquire Chemaf SA and assume its liabilities, including debt...

Shell Weighs Multibillion Dollar Venezuela Gas Investments.

February 9, 2026
Stella
Finance

Shell’s CEO Wael Sawan told CNBC the company is actively considering multibillion-dollar offshore natural gas investments in Venezuela that could start production in the next few years, pending regulatory...

Rand gains 0.5% as gold climbs above $5,000 and dollar weakens

February 9, 2026
Stella
Finance

By 06:38 GMT, the rand was trading at about R15.97 to the dollar, around 0.5% stronger than Friday’s close. Higher prices for gold and platinum, two of South Africa’s...

China reveals its plan to challenge the US dollar for dominance. Could it ever work?

February 5, 2026
Stella
Finance

China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar. Geopolitical uncertainty – driven...

U.S. Sends $500 Million in Venezuelan Oil Proceeds to Caracas.

February 5, 2026
Stella
Finance

The United States has transferred the proceeds from sales of Venezuelan oil to Caracas, following a deal agreed by the two governments in January. The deal involved Venezuela “turning...