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  • Gazprom Neft, Russia's third-largest oil producer owned by state-run gas producer Gazprom, said that due to abundant supply and technological developments oil prices may have returned for a prolonged period to the $30- $40 per barrel range seen before the commodities boom of the 2000 s. Some oil projects won't be viable at such low prices but most of those won't...

  • *Bharti Airtel, Vodafone, Idea given provisional nod for payments bank. MUMBAI, Aug 19- India's leading mobile phone network operators Bharti Airtel Ltd and Vodafone India are among the 11 companies selected by the country's central bank to help set up "payments banks," aimed at granting millions of citizens access to basic banking. Energy-to-telecoms...

  • MUMBAI, Aug 19- Taxi-hailing service Uber Technologies Inc said it plans to average more than 1 million rides a day in India over the next six to nine months, as it steps up investment in its business to take on local rival Ola. The company currently averages about 200,000 trips a day in India, according to industry sources. Uber has said it will invest $1 billion in...

  • PORT-AU-PRINCE, Haiti— A mobile phone network provider has relaunched a money transfer system in Haiti designed to let people get easier access to cash through their cellphones. "Mon Cash has the potential to significantly improve the lives of Haitian people," Digicel Haiti Chairman Maarten Boute said in a company statement. Mobile money-transfer systems are...

  • Paul Smith’s College will get $20M if it does this Tuesday, 18 Aug 2015 | 8:50 AM ET
    Joan Weill

    Paul Smith's College in upstate New York is wrestling with a donation from Joan Weill with strings attached. The New York Times reports.

  • WASHINGTON— Americans for Prosperity, one of the biggest outside groups backed by billionaire conservative donors Charles and David Koch, this week begins a $1.4 million television advertising campaign against former Ohio Gov. Ted Strickland, now a leading Democratic candidate for Senate. "We had such devastation and job loss in the state of Ohio when Ted...

  • SACRAMENTO, Calif.— California lawmakers from both parties are calling for more stringent oversight of a clean jobs initiative after an Associated Press report found that a fraction of the promised jobs have been created. "It's clear to me that the Legislature should immediately hold oversight hearings to get to the bottom of why yet another promise to the...

  • Aug 17- The opening of the $3.5 billion Baha Mar mega-resort in the Bahamas is expected to be delayed beyond the start of the Christmas season, with the developer deep in an escalating legal battle with the Chinese companies that are providing most of the finance and construction work. Even if construction on the unfinished resort resumed this month, there is...

  • MEXICO CITY, Aug 16- America Movil said on Sunday it removed roaming charges on calls to and data in the United States for 40 million Mexican prepay clients as it gears up to prevent new rival AT&T Inc. stealing market share on its home turf. The company, owned by the family of billionaire Carlos Slim, said calls made to the United States by prepaid customers on "Amigo...

  • NEW YORK, Aug 14- Top U.S. hedge funds made bullish bets on the energy sector in the second quarter even as companies' shares began a slide toward multi-year lows on concerns about oversupply, regulatory filings showed on Friday. Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second...

  • BOSTON, Aug 14- Legendary investor Warren Buffett was not the only one to turn sweet on Precision Castparts Corp this summer. Buffett's plan to pay $32.3 billion for the Precision Castparts Corp, announced on Monday, helped push the stock price up nearly 19 percent this week, likely making for a handsome payoff for the funds that took new positions or raised stakes.

  • NEW YORK— The philanthropist Susan Newhouse, wife of billionaire publishing magnate Donald Newhouse, died Thursday at her home in New York City following a long illness. She served as a trustee or board member at Wellesley College; the New York Public Library; the Lincoln Center Theater; the Collegiate School; her Manhattan synagogue, Temple Emanu-el; and the...

  • Aug 14- Any day now, David Murdock, the 92- year-old owner of Dole Food Co, will find out whether his decision to go to trial to defend the terms of his 2013 buyout of the company was heroic or foolish. It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware's Court of Chancery, a leading venue for corporate disputes.

  • Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second quarter, a period when the S&P 500 energy index lost 2.6 percent. Seth Klarman's Baupost increased its stake in Cheniere Energy by 1.5 million shares over the quarter, leaving it with 15.4 million shares, and raised its bet on Pioneer...

  • NEW YORK, August 13- For Julian Robertson, the 83- year-old billionaire former hedge fund manager, history is repeating itself. Robertson's personal fortune has more than doubled to $3.4 billion since 2000, and his Tiger Management is as strong as ever: the hedge funds he has ownership stakes in now manage more than $30 billion, up from about $20 billion in early...

  • MEXICO CITY, Aug 12- America Movil is still sniffing out deals in Europe, which could become twice as important for the Mexican telecom company's revenue base within five years, its chief financial officer said on Wednesday. Shares of America Movil, which is controlled by the family of billionaire Carlos Slim, are down more than 5 percent this year as it grapples...

  • Trump's China attack ignores what charts say Wednesday, 12 Aug 2015 | 4:50 PM ET

    Beijing handed the Republican presidential hopeful more ammunition to rail against China when it devalued the yuan on Tuesday, and Trump did not miss a chance. Short-term events aside, though, data shows China's yuan has in fact been strengthening over the last 10 years, dramatically so. Over the last decade, the trade-weighted yuan index, a measure of its value...

  • *Foreign reserves drop as finance ministry covers deficit. DUBAI, Aug 12- A former senior official at Saudi Arabia's central bank says he believes the kingdom may soon. The Saudi Arabian Monetary Agency manages the vast bulk of petrodollars earned by the world's top oil exporting country; net foreign assets at the central bank totalled $664.5 billion in June.

  • MEXICO CITY, Aug 10- A new partnership between U.S.-based power company AES Corp and Mexico's Grupo Bal launched on Monday will invest up to $2.5 billion over the next five years mostly in Mexico's newly opened power sector, a top AES executive said in an interview. The 50/ 50 joint venture with Grupo Bal aims to direct about three-quarters of the five-year...

  • LOS ANGELES, Aug 7- The Republican candidates' prime-time debate on Fox News Channel drew 24 million viewers, more than double the prior record for a presidential primary debate and the highest non-sports telecast in cable TV history, according to Nielsen data released on Friday. The tally for Thursday's event in Cleveland more than doubled Fox News Channel's...