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Oil Marketers

Oil Marketers to Receive N413bn Subsidy Debts from FG

Oil Marketers to Receive Subsidy Debts VanguardNgr – Nigerian Federal Government yesterday approved the payment of N413 billion to petroleum products marketers being the outstanding payment for subsidy claims‎, even as marketers insist they are owed about N470billion. The development comes as the Petroleum Products Pricing Regulatory Agency, PPPRA, which is responsible for approving such […]

Ecuador-Occidental arbitration award reduced to $1 billion

The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. Reuters/Mario Anzuoni A World Bank tribunal reduced to about $1 billion the amount Ecuador must pay Occidental Petroleum Corp (OXY.N) in compensation for seizing the U.S.-based company’s assets, in a decision made public on Monday. In 2012, the International Centre for […]

Cuba signs deal with Sprint, says it is open for more business

The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015. Reuters/Mike Blake Cuba signed a roaming agreement with U.S. telecom Sprint Corp during its first annual trade fair since rapprochement with the United States and told 600 companies from 70 countries at that […]

Porsche, more Audi models pulled into VW emissions scandal

A Porsche Cayenne Diesel is pictured during the second media day of the 79th Geneva Car Show at the Palexpo in Geneva in this March 4, 2009 file photo. Reuters/Denis Balibouse/Files Volkswagen used devices to cheat air pollution tests in diesel luxury vehicles, U.S. environmental regulators said on Monday, in a new blow to the […]

Wall St. climbs, led by energy, healthcare; Nasdaq 100 hits 15-year high

Traders work on the floor of the New York Stock Exchange October 30, 2015. Reuters/Brendan McDermid <span class="articleLocation”>U.S. stocks added to their recent run with gains across all sectors on Monday, led by increases in the beaten-down energy group and the acquisition-driven healthcare industry. The gains on the first trading day of the month followed […]

HP Inc shares soar, HPE's volatile in first day of trade since split

Meg Whitman walks at the annual Allen and Co. conference in Sun Valley, Idaho Resort July 11, 2013. Reuters/Rick Wilking <span class="articleLocation”>Shares of HP Inc (HPQ.N), which houses the legacy printer and PC business, soared as much as 14.4 percent on Monday, while those of Hewlett Packard Enterprise Co (HPE.N), considered the faster-growing of the […]

JPMorgan settles California debt collection charges

A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. Reuters/Mike Segar <span class="articleLocation”>JPMorgan Chase & Co will pay $50 million to settle charges that it engaged in abusive credit card debt collection practices against tens of thousands of people […]

Visa to buy Visa Europe in deal worth as much as $23 billion

<span class="articleLocation”>Visa Inc (V.N) said on Monday it would buy former subsidiary Visa Europe Ltd for up to $23.3 billion in a deal that will give the world’s largest payments network a chance to cut costs over the long term and raise fees in the second-biggest card market. The price for the long-anticipated deal was […]

Citron publishes no new allegations against Valeant, shares rise

The company logo of Valeant Pharmaceuticals International Inc is seen at its headquarters in Laval, Quebec May 19, 2015. Reuters/Christinne Muschi Influential short-selling firm Citron Research did not publish new allegations against Valeant Pharmaceuticals International Inc (VRX.TO) on Monday as many investors had anticipated, giving the beleaguered shares of the Canadian drugmaker a boost. Citron […]

U.S. on track to grow 1.9 percent in fourth quarter: Atlanta Fed

A customer shops at the Wal-Mart Neighborhood Market in Bentonville, Arkansas June 4, 2015. Reuters/Rick Wilking The U.S. economy is on track to grow 1.9 percent in the fourth quarter with expected weaker consumer spending and equipment investment growth following a private report on U.S. manufacturing in October, the Atlanta Federal Reserve’s GDPNow forecast model […]