After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation’s oil company. “Through this acquisition, we are accessing a world class asset, and we strengthen our position in Brazil, one of Statoil’s core areas ... Read More »
While swinging to a loss in its quarterly report, Italian energy company Eni said it was moving more controls to its chief executive to retool risk structures. The company reported its second quarter loss widened to $494 million in part because energy prices remain under pressure from a market characterized ... Read More »
“The crisis will be upon us. It is not in the future but right now and everywhere you look,” said Amitav Ghosh, addressing the issue of climate change extensively at the Express Adda here on Saturday evening. In conversation with The Indian Express Deputy Editor Seema Chishti, Ghosh said dealing ... Read More »
– A report calling for European scrutiny over a pipeline slated to run through southern Europe is riddled with inaccuracies, a gas pipeline consortium said. A report this week from the non-governmental organizations Re: Common and Counter Balance called on European financial organizations to avoid writing blank checks to the ... Read More »
Tasked by the Union Home Ministry to examine whether any legal action can be initiated against controversial televangelist Zakir Naik, security agencies have drawn up a list of 55 terror accused, arrested from across the country over the past decade, who have claimed to be influenced by or to have ... Read More »
Amazon.com posted record second-quarter earnings Thursday of $857 million, or $1.78 per share, on $30.4 billion in revenue, surpassing early profit estimates of $1.2 per share on $29.5 billion in revenue. The company said the earnings report was boosted by record sales on the second Prime Day, the “biggest day ... Read More »
Brushing aside objections from partner RJD and main opposition BJP, the Nitish Kumar government is bringing in several amendments to tighten the prohibition law in Bihar, including one that will make culpable all adults of a family if any member is found drinking, possessing or selling liquor from the premises ... Read More »
Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. Exxon reported second quarter earnings at $1.7 billion, compared with $4.2 billion during the same quarter for 2015. “While our financial results reflect a volatile industry ... Read More »
Tension prevails at Kadali village in Muzaffarnagar district after a mob attacked the house of a Muslim family on Saturday on suspicion of cow slaughter. The owner of the house, Zeeshan, who managed to slip out the backdoor with his family before the crowd arrived, was arrested on Sunday afternoon. ... Read More »
A low estimate of U.S. gross domestic product and steep losses from some of the world’s biggest energy companies sent crude oil prices down early Friday. U.S. supermajor Chevron Corp. reported a loss of $1.5 billion, its third quarterly loss. “The second quarter results reflected lower oil prices and our ... Read More »
The number of potential heirs seeking millions from the vast estate of late musician Prince was cut down by a judge Friday, from nearly 30 down to just a handful. In a 19-page ruling Friday, Carver County, Minn., Judge Kevin W. Eide whittled down the list — which included numerous ... Read More »
St. Lucia’s government has signed an agreement to build the island’s first internationally targeted, integrated development — a project worth $2.6 billion designed to attract Chinese tourists and investment. The Pearl of the Caribbean will occupy a 700-acre site on the south end of the island. Plans include a casino, ... Read More »
