Search Results for: gas
China’s Fosun unveils $441 million cash bid for Australian ROC Oil
August 4th, 2014
The proposed “merger of equals” between Australian exploration and production companies ROC Oil and Horizon Oil has been scotched by China’s Fosun International, which has emerged with a A$474 million ($441 million) takeover offer for ROC. ROC said Monday ...
Oil companies may deregulate diesel prices by Diwali
August 4th, 2014
The government raised diesel prices by 50 paise on Friday and under-recoveries – the price differential between cost and selling price on every litre of diesel sold is now Rs 1.33. Diesel prices were first deregulated by the NDA ...
Earnings growth in Europe – first time in 3 years
August 4th, 2014
European companies are delivering growth for the first time in three years albeit concerns over Russia which held back markets at the end of last week. Equity strategists at Morgan Stanley and Credit Suisse are somewhat upbeat pointing out ...
Kenyatta Sees Kenya Windfall Tax in Resource Laws in Months
August 4th, 2014
Kenya will impose capital-gains and windfall taxes on oil, gas and mining companies within months to ensure the East African nation maximizes benefits from its mineral resources, President Uhuru Kenyatta said. “This is something that we are very clear ...
Russian Carrier to Suspend Flights due to European sanctions
August 4th, 2014
Sanctions imposed on Russia by the European Union have led the Russian state carrier Aeroflot to suspend all flights according to its announcement on Sunday. The sanctions, announced on Tuesday, said the subsidiary, Dobrolet, “facilitates the integration of the ...
Corporation tax and CGT
August 1st, 2014
Summarize of the key measures in Finance Act 2014, Andrew Goodall sets out the main corporation tax and capital gains tax provisions in part one of the act. Corporation tax Rates Finance Act 2013 fixed the main rate for ...
Can Investment Save Europe?
August 1st, 2014
Economic growth in Europe remains disappointing. Virtually all European Union members are expected to post higher output in 2014; but, according to the International Monetary Fund’s latest projections, the average growth rate in the eurozone will barely exceed 1%. ...
Exxon Mobil reports profit 28 percent
July 31st, 2014
Exxon Mobil Corp, the world’s largest publicly traded oil company, on Thursday reported better-than-expected quarterly profit on Thursday on higher prices for crude and natural gas. The company said net income rose to $8.78 billion, or $2.05 per share, ...
Gold Flat Ahead of Unemployment Claims
July 31st, 2014
Gold prices are steady on Thursday, as the metal continues to trade close to the $1300 level. In the European session, the spot price stands at $1295.01 per ounce. In the US, today’s highlight is Unemployment Claims. The markets ...
European Shares Swing Amid Earnings as Euro, Oil Retreat
July 31st, 2014
Europe’s benchmark equity index fluctuated amid mixed earnings, while the euro traded near a nine month low versus the dollar. Banco Espirito Santo SA shares were suspended after it said it will need to raise funds while emerging-market stocks ...
