Sinochem Said in Noble Stake Talks

Noble shares have surged due to potential strategic partnership talks, possibly with Sinochem. The discussions are in early stages, focusing on Noble's international energy trading business. Noble has faced financial challenges, including accounting allegations and a collapse in commodity prices. To address these, Noble has been raising cash through asset sales, including its US unit and Agri business, aiming to restore profitability in the coming years.

What was the main reason for the rise in Noble's share prices?

• A new product launch

• A strategic partnership announcement

• A merger with another company

• A government subsidy

Which company is reportedly in early discussions with Noble for a strategic partnership?

• Bloomberg

• Costco

• Sinochem

• China Investment Corp

Which organization holds significant stakes in Noble and has board representation?

• Sinochem

• Noble Americas Energy Solutions

• Costco

• China Investment Corp

What was one of the key actions Noble took to raise cash?

• Received a government bailout

• Merged with a competitor

• Sold its US unit for over a billion dollars

• Launched a new product line

What is Noble's goal for the next one or two years?

• To become as profitable as in the past

• To reduce its workforce

• To expand into new markets

• To acquire new companies