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Wires

  • *Opens up new area for exploration around Mumbai High. NEW DELHI, Sept 20- The latest discovery of India's largest oil explorer, Oil and Natural Gas Corp, to the west of its Mumbai High offshore fields is estimated to hold in-place reserves of about 20 million tonnes, sources with knowledge of the matter said. The company discovered hydrocarbon reserves west of...

  • *Around $45 bln of projects at risk of not going ahead. LONDON, Sept 20- Liquefied natural gas will be the biggest source of carbon emission growth for the world's top oil and gas companies by 2025, according to a new study by Wood Mackenzie, as demand for the super-chilled fuel is set to rise sharply. But converting natural gas into LNG by cooling it to minus 160...

  • LONDON, Sept 20- Specialist renewable energy investor Quercus will invest over half a billion euros in a solar power project in Iran, with construction to start in the first half of 2018, the company's chief executive told Reuters. The planned 600- megawatt plant, located in central Iran, will be the sixth largest globally, behind projects of up to 1.5 gigawatts in...

  • ZURICH, Sept 19- The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake that makes it the biggest shareholder in the Swiss chemicals maker. In a letter to Clariant's board of directors, White Tale Holdings, a vehicle created by investor Keith Meister's Corvex hedge fund and New York's 40 North,...

  • *Oil up after Iraq signals possible OPEC cut extension. TOKYO, Sept 20- Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day. Spreadbetters expected Britain's FTSE to start...

  • *Yen unmoved by Trump's fiery North Korea rhetoric at the U.N. TOKYO, Sept 20- The dollar was on tenterhooks, trading sideways against major rivals on Wednesday as investors awaited the outcome of the Federal Reserve's meeting at which it was expected to announce plans to trim its $4.2 trillion in bond holdings. "Movements are small as investors are anxious ahead...

  • SHANGHAI, Sept 20- China stocks edged higher on Wednesday, with sentiment propped up by signs of optimism among business leaders and expectations the government won't tolerate sharp volatility in the country's financial markets ahead of next month's Party Congress. Hong Kong shares hovered around 28- month highs as Wall Street again rose to record highs,...

  • DES MOINES, Iowa— An Iowa woman who says she was wrongly ticketed by an automated traffic camera when she wasn't speeding has accomplished the unusual feat of getting the state Supreme Court to consider her $75 small-claims case. Her attorney, James Larew, will argue Wednesday that the city of Cedar Rapids, where Leaf lives and was ticketed, is violating equal...

  • NEW YORK, Sept 20- Before a sales scandal upended its reputation, Wells Fargo& Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers. Now the only one of 11 executive officers at the bank who did not work there before its fall from grace is a consummate insider: C. Allen Parker, general counsel, 62 years old and former...

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • *Policy statement due at 2 p.m. EDT. WASHINGTON, Sept 20- Caught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly. The policy statement and projections are due to be released at 2 p.m. EDT.

  • *Oil-rich Kirkuk long contested by both Baghdad and the Kurds. KIRKUK, Iraq, Sept 20- Visitors to Kirkuk in northern Iraq are greeted by an imposing statue of a Kurdish Peshmerga fighter with a gun slung over his shoulder, a reminder of tensions building in the hotly-contested city ahead of a referendum on Kurdish independence. Erected in July, the statue has come to...

  • But a surge in domestic natural gas production, billions of dollars in cost overruns on new projects, Japan's Fukushima accident in 2011, and multiple plant closures have the industry on its heels again. The U.S. Department of Energy expects nuclear's percentage of the power mix to drop to 11 percent by 2050 from the current 20 percent, and many reactors to close.

  • *Spain slow to take advantage of EU funds to tackle unemployment. But Spain took so long to jump on some of the help sent its way- namely a jobs scheme bankrolled by Europe- it risks not fully using a golden opportunity to help youngsters scarred by a deep recession, politicians, unions and jobseekers say. Yet a slow start to a European Union youth jobs and training...

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • SAN DIEGO— Dennis Lyon was a genetic train wreck. Razelle Kurzrock at the University of California, San Diego. Former President Jimmy Carter got one at age 91 for skin cancer that spread to his brain, and now is in remission.

  • UNITED NATIONS, Sept 20- The leaders of Britain, France and Italy will push social media companies on Wednesday to remove "terrorist content" from the internet within one to two hours of it appearing because they say that is the period when most material is spread. British Prime Minister Theresa May, French President Emmanuel Macron and Italian Prime Minister...

  • *See annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture, creating the continent's No.2 steelmaker after ArcelorMittal. The MoU, widely expected after Thyssenkrupp last week said a deal could still...

  • SHANGHAI, Sept 20- China's yuan firmed against the U.S. dollar on Wednesday as companies sold dollars to take profits on recent gains and square positions ahead of a Federal Reserve policy decision later in the session. The Fed is widely expected to announce that it will start paring its balance sheet, with the reductions seen likely to start this year.

  • Now, renting in Cambridge can feel like that— something critics say is made tougher by short-term rental websites like Airbnb, through which property owners can make more money renting out apartments or homes by the night instead of a yearlong lease. But it is also keenly felt in event-heavy college towns, particularly ones that also are tourist destinations or...