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SINGAPORE (Reuters) - Oil was steady above $82 on Friday, poised for a second consecutive weekly increase, on views that energy demand would continue to grow despite any efforts by China to tighten monetary policy further on rising inflation.
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We retain our Sensex target of 21,000 post the recent earnings revision. We forecast 31% Sensex EPS growth for FY11 and 15% for FY12, says Manishi Raychaudhuri of BNP Paribas Securities.
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SAO PAULO (Reuters) - BP is one of the last of the oil majors to enter Brazil's subsalt boom, but it may have found some value in Devon's Campos concessions that it announced it bought on Thursday in a deal worth $7 billion.
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WASHINGTON (Reuters) - The White House is finalizing rules on the first U.S. greenhouse gas emission standard for automobiles, which would raise average fuel economy 42 percent by 2016 in a bid to slash oil imports and fight climate change.
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NEW YORK (Reuters) - Global stocks rebounded and oil edged higher on Thursday on renewed optimism over the U.S. economy, overcoming a scare that interest rates may be heading higher because of an inflation spike in China.
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RIO DE JANEIRO (Reuters) - Brazilian energy entrepreneur Eike Batista, who made the biggest leap up Forbes' list of the world's richest people this year, is anything but shy about his rapid ascent into the big billionaires club.
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NEW YORK (Reuters) - Oil settled nearly unchanged above $82 a barrel on Thursday amid uncertainty about whether China will tighten monetary policy, which could dent energy demand in the world's second-largest oil consumer.
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NEW YORKÂ (Reuters) - Chevron Corp may pursue an international arbitration claim over environmental pollution allegations in Ecuador, a judge ruled on Thursday, part of a long-running case that carries a potential $27 billion liability for the second-largest U.S. oil company.
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Forcing the slowdown to take the backseat, Haryana has achieved a unique distinction of registering 70% of the implementation rate of pledged investments against 33% of the same for various states, an Assocham study has revealed. Titled as Achieving Double-Digit Growth in Haryana , it states there were 635 live investment projects worth around Rs 3.5 lakh crore in Haryana till 2009 end. Real estate industry has got the lion s share of 55% in the total live investment. Services and electricity a
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While infrastructure is driving the economic growth in India, the time and cost overruns impede the sector s potential and good project management can help ensure efficient deployment of resources, says a PMI-KPMG Study on Drivers for Success in Infrastructure Projects 2010. The study which was released after a survey was conducted on 100 infrastructure companies across sectors like roads, bridges, ports, shipping, urban infrastructure, railways, oil and gas also brings to our notice that of th
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The economic survey for 2009-10 highlighted an increase in coal and crude production, reduction of power peak deficit and a slowdown in demand for power. This augurs well for the Indian energy situation. In light of the positive picture presented by the economic survey, Budget 2010 was expected to provide sufficient fiscal incentives for two key sectors of Indian economy viz coal and power. Power Sector Finance minister Pranab Mukherjee s Budget speech highlighted the globally increasing emphas
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Procurement of copra by state agencies seems to have finally helped in stabilising coconut oil market, as it has remained steady during the peak production season in Kerala. In Kerala, peak season for coconut harvest starts in January and extends up to June and prices usually drop during this time. Supply from Tamil Nadu and Karnataka start arriving in the markets from March, which further pushes oil prices. In the terminal market of Cochin, coconut oil was quoted Rs 49 per kg on Thursday. In O
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Propped up by institutional support, the NMDC follow-on public offer on its second day, was subscribed 80 per cent. Of the 33.2 crore shares on offer, 29.09 crore shares were bid for according to data on
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ALMATY (Reuters) - China's insatiable demand for energy to power its economy has made it a serious contender in the fight for control over vast energy resources in its thinly populated and impoverished western backyard.
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