At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
WASHINGTON - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
India may consider Cairn-Vedanta deal next week: minister
NEW DELHI |
NEW DELHI (Reuters) - India's cabinet may consider approval for the sale of a stake of British oil explorer Cairn Energy's (CNE.L) India unit to Vedanta Resources (VED.L) next week, Oil Minister S. Jaipal Reddy said on Friday.
Cairn agreed in August to sell up to 51 percent of Cairn India (CAIL.BO) for up to $9.6 billion to Vedanta Resources (VED.L), in a deal which originally had a cut-off date of May 20.
The deal has been delayed due to a dispute over royalty payments with Cairn India's partner in the Rajasthan project, state-run Oil and Natural Gas Corp (ONGC.NS).
Reddy also said the government was considering a proposed deal between India's largest listed firm Reliance Industries (RELI.NS) which wants to sell a stake in 23 of its oil and gas blocks, including some in the KG basin, to BP (BP.L) in a $7.2 billion transaction.
The minister also said no dates had yet been fixed for a meeting of a ministerial panel to consider increasing fuel prices. He said he was concerned at the under-recoveries of state-run oil marketing firms due to higher global crude prices.
(Reporting by Manoj Kumar; Editing by Krittivas Mukherjee)
- Tweet this
- Share this
- Digg this