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Corporate News 21 Feb 2021 | 8:01 PM

Britain's Cairn hopeful of solution in Indian govt tax tussle

NEW DELHI: Cairn Energy Plc said on Sunday it had discussed multiple proposals with Indian government officials in recent days in an attempt to find a "swift solution" to a long drawn-out tax dispute with the South Asian nation.

Corporate News 08 Mar 2019 | 12:30 PM

Norway fund to sell E&P firms, keep integrated energy stocks

OSLO (Reuters): Norway’s trillion-dollar sovereign wealth fund, the world’s biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities, according to a government plan.

World 19 Jan 2018 | 2:32 PM

India's proposed investment treaty terms leave foreign partners cold

NEW DELHI (Reuters) - Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks said.

TECH 12 Oct 2017 | 10:30 PM

Driverless cars are giving engineers a fuel economy headache

Judging from General Motors Co’s test cars and Elon Musk’s predictions, the world is headed toward a future that’s both driverless and all-electric. In reality, autonomy and battery power could end up being at odds.

Banking 06 Oct 2017 | 5:39 AM

HSBC currency unit used code to trigger front-running

NEW YORK: A group of HSBC Holdings Plc currency traders in London and New York feverishly jumped ahead of a US$3.5 bil client order after they were tipped off using the code words “my watch is off,” a US prosecutor told a federal judge.

Business 05 Sep 2017 | 12:00 AM

UK North Sea oil field startups surge to highest in 10 years

LONDON: The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, continuing the ageing province’s surprising resilience to the crude-market slump.