Business

Iran to Sign Oil and Gas Deals with Total, Shell

Iran to Sign Oil and Gas Deals with Total, Shell

A spokesman for Shell said a memorandum of agreement was signed Wednesday with the National Iranian Oil Company "to further explore areas of potential cooperation". South Azadegan's second phase and Yadavaran are expected to produce 300,000 b/d each. Total was the first major energy company to jump back into Iran with a major project, announced on November 8-Election Day in the U.S.


Canada Keeps Key Rate at 0.5% as Investment, Exports Disappoint

Canada Keeps Key Rate at 0.5% as Investment, Exports Disappoint

December futures on the S&P TSX index SXFc1 were down 0.04 percent at 7:35 a.m. ET. "Meanwhile, business investment and non-energy goods exports continue to disappoint". The Bank of Canada is set to make its last interest rate announcement of the year today. In its statement, the BOC said that "dynamics of growth are largely as the Bank anticipated".


Detroit Pistons beat Chicago Bulls 102-91

Detroit Pistons beat Chicago Bulls 102-91

Drummond supplied 15 points and 10 rebounds for the Pistons (12-11), who have won four of their last five games. After blowing a 17-point first-half lead, the Pistons bench and Tobias Harris (22 points, seven rebounds) retook control with a late 12-0 run that turned a four-point deficit into a 83-75 lead with 7:28 to play.


Nuclear security at par with int'l standards: Pak

Nuclear security at par with int'l standards: Pak

During his inaugural address at the IAEA Nuclear Security Conference in Vienna IAEA Director General Yukiya Amano expressed his appreciation for Pakistan Centre of Excellence on Nuclear Security (PCENS). On both issues, it must be recalled that although the responsibility for maintaining effective nuclear security of all nuclear and radioactive material within a State rests primarily with that State, cooperation between States is essential as so many threats to nuclear security do not respect ...


Chennai Test in balance after Jayalalithaa 's death

Chennai Test in balance after Jayalalithaa 's death

The apex court also asked the board to release Rs 25 lakh each for the 3 ODIs and 3 T20 matches against the Eoin Morgan-led side. England, 2-0 down in the series, must win both matches to draw the series. "This has resulted in various affairs of the BCCI having come to a grinding halt causing defaults on the part of BCCI, and have tremendously hurt Indian cricket and the goodwill and image of the BCCI", Thakur said.



Sensex reverses two day gains, loses 156 points over RBI's unexpected decision

The sensitive index of the BSE which was ruling at around 26,334.79 points just ahead of the announcement, slipped to 26,255.88 points - down 136.88 points or 0.52 per cent. Banking stocks tumbled with ICICI Bank, Axis Bank, HDFC Bank and State Bank of India all down 1-2%. The RBI has kept its repo rate - the rate at which the central bank lends to commercial banks - unchanged.