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CORRECTED-Indonesia, Philippines, Malaysia to coordinate against militant pirates

YOGYAKARTA, Indonesia, May 5 Indonesia, Malaysia and the Philippines agreed on Thursday to conduct coordinated maritime patrols after a spate of ship hijackings by Islamist militants in the southern Philippines.

11:21am BST

EDP sees sound medium-term profit rise, stocks jump

LISBON, May 5 EDP-Energias de Portugal expects its net profit to grow by 4 percent a year through 2020 thanks to capacity additions at its wind energy division and a gentle market recovery, the company said on Thursday.

10:43am BST

EFG-Hermes to more than double renewable energy investments it manages

CAIRO, May 5 Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros in the next two years from 730 million currently, said Bakr Abdel-Wahab, its managing director of infrastructure private equity.

10:32am BST

UPDATE 1-Shares in Spain's Repsol rise after solid start of the year

MADRID, May 5 Spanish oil company Repsol reported better than expected first-quarter net profit on Thursday helped by lower exploration and production costs and a solid performance at its refining business despite lower oil prices.

10:10am BST

Saudi's Bahri says signs 700 mln riyal loan for oil tankers buy

DUBAI, May 5 The National Shipping Company of Saudi Arabia has signed a 700 million riyal ($186.7 million) loan to partly-finance the purchase of three very large crude carriers (VLCCs), the company known as Bahri said in a bourse filing on Thursday.

8:07am BST
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