U.S. crude rose as expectations of a build in inventories were undermined by record low stocks at the benchmark's Cushing delivery point.» Read More
In pulling forward third-quarter results by a day, BG Group added to the panic inspired by the profit warning implicit in them. Projects from the North Sea to Brazil have been delayed.
*Tokyo Gas says oil-indexation "not rational". Producers BG Group, Russia, Norway and Qatar regard them as cornerstones of the business. Tokyo Gas, Japan's single biggest importer of oil-linked, called the global gas pricing mechanism "not rational" in light of cheap U.S. gas exports expected to flood markets by 2016..
*Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *The UK blue chip index closed down 0.5 percent, or 29.28 points lower, at 5,841.74 points on Monday.
*Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *British retail sales posted a solid rise last month as Britons splashed out on sturdy shoes and warm clothes, the British Retail Consortium said on Tuesday, raising the chances of a more lasting economic recovery.
LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.
Sunday Times GERMAN THREAT TO BLOCK BAE DEAL Germany has threatened to scupper the 28 billion pound merger of BAE Systems and EADS unless the headquarters of the combined company is located in Munich.
*Rome store held up for 7 years so far by paperwork. MILAN, Oct 5- Ikea's plan to open a third store in Rome have been wrapped up in red tape for seven years with the Swedish furniture multinational joining a queue of willing investors beginning to lose patience with Italian bureaucracy.
*India'S Gujarat State Petroleum Corp'S Open Offer To Acquire 26. Percent more In Bg unit Gujarat Gas to be launched at 314.17 Rupees/ Share- Manager. *GSPC open offer to be worth up to 10.5 billion rupees if fully accepted-.
*BG's open offer to acquire 26 percent more in GSPC to be. launched at 314.17 rupees per share- Manager. *GSPC open offer to be worth up to 10.5 billion rupees if fully accepted-.
*India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a minister said on Wednesday. *India's central bank governor Duvvuri Subbarao and other officials part of the board meeting in the Union Territory of Puducherry at 0730 GMT.
LONDON/ MUMBAI Oct 3- BG Group said it agreed to sell its majority stake in western India- based Gujarat Gas for $470 million to a unit owned by India's state-run Gujarat State Petroleum Corp, as part of the British oil firm's disposal programme.
LONDON, Oct 3- BG Group:. *Agreement reached for $470 M sale of ggcl stake. *Agreement reached for $470 M sale of ggcl stake.
*Banks lower as UBS cuts ratings. *Babcock climbs after strong first-half. LONDON, Oct 2- Britain's top share index continued its choppy trend and was pulled marginally lower on Tuesday, as weakness in banks and miners overpowered results-related gains for companies such as Babcock and Tesco.
"In Europe we particularly like Royal Dutch Shell and BG Group and for very different reasons we see Royal Dutch Shell as a company that very much benefits from the oil price environment they have good growth in the near term whereas BG is what I would consider the premier growth company in Europe," Jason Gammel, head of European oil and gas research at Macquarie Group, told CNBC.
I am in the middle of reading a book from 2008 that more or less "predicted" the unrest that we're now witnessing in the Middle East and North Africa.
Companies with operations in Egypt are doing their best to maintain business as usual, with varying results.
Twice each year, Standard and Poor's runs a stock screen, designed to find stocks that Warren Buffett might find attractive based on his general investment philosophy. The new list has just been released. Guess what well-known name is missing this time around. (Pay no attention to the picture on the left.)
Standard and Poor's has just released the results of its twice-a-year stock screen, designed to find Warren Buffett-style stocks. The new list features several tech stocks, including Apple, as well as a number of names from Europe and Asia. But some key Buffett criteria aren't taken into account by the screen.