Business

Essar Oil's creditors approve $12.9 billion Rosneft takeover

Essar Oil's creditors approve $12.9 billion Rosneft takeover

The transaction includes Essar Oil's 20 million tonnes refinery at Vadinar in Gujarat, and its pan-India network of over 3,500 retail outlets as well as 1,010 MW Vadinar captive power plant, Vadinar deep draft port and related infrastructure.


Saudi cabinet expresses satisfaction over Qatar-related decisions

Saudi cabinet expresses satisfaction over Qatar-related decisions

Saudi Arabia, the UAE , Egypt and Bahrain all cut off diplomatic contact with Qatar after officially accusing it of " sponsoring terrorism " last week. A statement from the state-run firm also made a point to note that the UAE, Egypt and Jordan all rely on its natural gas. The knock-on effects of the crisis are not confined to the Gulf.



US Fed buys $4.7 billion of mortgage bonds, sells none

The rate hike should not come as a surprise for investors on Wall Street . USA government bonds pulled back Thursday, lifting the yield on the 10-year Treasury note from its lowest level of the year, amid continued fallout from Wednesday's Federal Reserve meeting.


Live Asian carp caught 9 miles from Lake Michigan

Live Asian carp caught 9 miles from Lake Michigan

It was caught Thursday by a commercial fisherman under contract with the Illinois Department of Natural Resources about 2 miles below the below the T.J. Bighead and silver carp are of special concern because they eat plankton - tiny plants and animals that for the base of the aquatic food chain. "We need to know how the Silver carp came so close to Lake Michigan and whether there are any additional carp in the area".


Doctors: Officer stabbed at airport recovering

Doctors: Officer stabbed at airport recovering

US Department of Homeland Security Secretary John Kelly on Thursday described Ftouhi as a "completely off-the-screen individual" and likened the airport stabbing to random terrorist attacks in Europe in recent months. Ftouhi's next hearing is set for June 28. He has been charged in USA federal court with committing violence at an worldwide airport, with a bond hearing set for next Wednesday.



President Trump calls for return of American fugitives in Cuba

And deciding to unveil the policy in Miami suggests it will please the hardline Cuban exiles whose support Trump considered significant to winning Florida, and the presidency. "The Cuban people will continue deciding themselves on the changes necessary for Cuba ". Americans will still be able to bring Cuban cigars home, too.