– Norwegian energy company Statoil said it retained some of its shale acreage in the United States, but completed a sale Friday of assets in West Virginia. Statoil said it closed Friday on the $96 million sale of 11,500 acres in the Marcellus shale natural gas basin in West Virginia ... Read More »
The prospects of growing supplies of oil on the market offset the latest OPEC chatter on rebalancing efforts to push oil prices lower in early Friday trading. Oil drifted around in volatile trading Thursday as key economic indicators bounced off underlying questions about the gap between oil supplies and global ... Read More »
A union representing hundreds of college athletic coaches and faculty members in Pennsylvania said Friday that members have authorized it to call a labor strike, as a measure to break gridlock that’s lasted at the bargaining table for two years. The Association of Pennsylvania State College and University Faculties said ... Read More »
Japanese manufacturers’ confidence bounced from a three-year low, while sentiment in the services sector hit its lowest since 2013 when the central bank began bold monetary stimulus, a Reuters poll showed, underscoring a fragile economic recovery. The monthly Reuters Tankan, which tracks the Bank of Japan’s (BOJ) quarterly tankan survey, ... Read More »
Standard Chartered Plc (STAN.L) is considering spinning out its private equity business to its managers, Bloomberg reported on Friday, citing two people familiar with the matter. The unit’s managers, led by Joseph Stevens, would take control of a business that oversees about $5 billion of assets, Bloomberg reported. “The Group ... Read More »
President Barack Obama will meet with a group of business and government leaders on Friday morning to discuss the economic and security benefits of the proposed Trans-Pacific Partnership trade pact, the White House said. “Tomorrow’s discussion is an opportunity for the president to hear directly from a diverse coalition of ... Read More »
ABB’s (ABBN.S) board will discuss the future of its Power Grids division next week as investors ramp up pressure on the Swedish-Swiss technology group to spin off the $11.6 billion business. The board will meet at an undisclosed location in Switzerland on Tuesday, said two sources close to the matter. ... Read More »
Sept 16 – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times First-half profits have plunged by nearly 15 percent at the John Lewis Partnership Plc after it had to absorb ... Read More »
Global equity prices gained on Thursday after weak U.S. retail sales data undermined the argument that the Federal Reserve will raise interest rates next week. The U.S. Treasury yield curve surged to its steepest levels in 2-1/2 months as longer-dated debt fell, highlighting expectations that the Fed could hold off ... Read More »
NEW DELHI: Petroleumproducts, including crude and some intermediate products, could be taxed under the proposed goods and services tax (GST), a move that will reduce the imperfections in the new levy and also narrow the inflationary impact of the tax. A proposal favouring imposition of a modest tax on these ... Read More »
MUMBAI: Continuing its downward trend, the benchmark BSE Sensex fell over 30 points in early trade on Wednesday as investors indulged in cutting down their bets on disappointing macroeconomic data and weak trend in Asian markets. The 30-share barometer declined by 30.22 points or 0.10 per cent to 28,323.32 with ... Read More »
NEW DELHI: In the biggest consolidation deal in India’s telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore. RCom and Maxis Communications Berhad (MCB) hold 50% each in the merged entity with equal ... Read More »
