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KOLKATA (Reuters) - Coal India, the world's largest coal miner, is in advanced talks to buy stake in Peabody's asset in Australia for about $200 million, the Indian company's chairman said on Tuesday.
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DOHA (Reuters) - OPEC is not likely to change its production quotas at its next meeting in December in Ecuador, Qatari Energy Minister Abdullah al-Attiyah told reporters on Tuesday.
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SINGAPORE (Reuters) - Oil fell to near $81 on Tuesday, extending losses seen in the previous session, as the dollar gained against the euro on fears that Ireland's debt crisis may spread in the euro zone.
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MUMBAI (Reuters) - For the six months ended Sept. 30
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SINGAPORE (Reuters) - The euro, stocks and commodities fell on Tuesday as a bailout for debt-soaked Ireland failed to allay fears of a wider euro zone crisis, prompting investors to seek safety in the U.S. dollar and Treasuries.
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NEW DELHI (Reuters) - The government has approved splitting each share of state-run explorer Oil and Natural Gas Corp into two to make it attractive and affordable ahead of a share sale next year, the Economic Times reported on Tuesday.
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NEW YORK (Reuters Legal) - There has never been anything quite like Kenneth Feinberg's $20 billion Gulf Coast Claims Facility. Established to compensate victims of the BP Plc oil disaster, it essentially invests one man with full power over how the money is distributed, while he is being paid by the company and unsupervised by any government body.
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A slew of public issues are waiting to hit the capital market before December 15, post which foreign investors would go on a holiday. Taking advantage of the buoyant sentiment in the primary markets post-Coal India listing, as many as 10 initial public offerings (IPOs) and follow-on public offerings (FPOs) have been lined up, which could cumulatively raise over Rs 10,000 crore. A lot of companies are trying to hit the market before December 15 as foreign fund managers go on a holiday after that
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LONDON (Reuters) - Oil slipped below $82 on Monday, erasing earlier gains as a brief bout of general market optimism on a bailout of Ireland gave way to concerns about possible contagion to other highly indebted euro zone states.
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NEW YORK (Reuters) - Oil prices fell on Monday, pressured by a weaker dollar and erasing early gains as optimism over a debt bailout for Ireland gave way to concerns that financial problems would spread to other euro zone countries.
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India s public sector undertakings turned in improved results for the second quarter, primarily aided by oil PSUs, which have started to benefit from the petrol price decontrol and hikes in the prices of LPG and kerosene. Seven non-oil PSUs managed to improve their bottom line substantially because of lower expenditure and higher other income. Fifty-four PSUs (central & state) for which second quarterly results were available posted a 24.7% rise in their aggregate sales to Rs 2.74 lakh cror
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SINGAPORE (Reuters) - Oil rose on Monday to more than $82 a barrel, rebounding from two straight weeks of losses, as the dollar weakened after Ireland sought an international bailout to tackle its banking and budget crisis.
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LONDON (Reuters) - India-focused oil and gas firm Jubilant Energy said it will raise $85 million through an initial public offering to fund future exploration and the development of its assets in the energy-hungry country.
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MUMBAI (Reuters) - The rupee gave up all its earlier gains and weakened in afternoon trade on Monday weighed by month-end dollar buying by oil importers despite a robust rally in local stocks.
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LONDON (Reuters) - As a CEO, David Bramhill could handle the online attacks on his looks and his character. "You get used to the personal stuff that goes up: 'Fat bastard,' etc.," says the burly one-time boxer and oil industry veteran. "I don't like it but I suppose being in the position I'm in, OK, they can take pot shots at me."
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