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US court moves to support Elliott affiliate’s bid for Citgo parent

HOUSTON (Reuters) -A U.S. judge allowed an affiliate of hedge fund Elliott Investment Management on Thursday to move towards completing its offer for Venezuela-owned Citgo Petroleum’s parent through a court-ordered auction of shares, while restricting rival bidder Gold Reserve from doing the same. Delaware Judge Leonard Stark instructed a court officer overseeing the auction of shares to terminate a stock purchase agreement (SPA) with a Gold Reserve subsidiary and sign a new one with Elliott’s affiliate Amber Energy, Gold Reserve said in a release.

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Government offices now required to go ‘green’

MANILA, Philippines — The government is making bolder moves to cut power costs and embrace green technology, as all agencies are now mandated to use energy-efficient products and deploy solar rooftop systems. The directive that requires government offices nationwide to comply with the minimum energy performance standards (MEPS) was approved through a resolution of the