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India's ONGC to buy majority stake in refiner HPCL for $5.78 bln

NEW DELHI, Jan 20- India's biggest explorer Oil and Natural Gas Corp has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp for 369 billion rupees, ONGC said on Saturday. Purchasing a stake in India's third biggest state-owned refiner would also help ONGC to diversify its cash flow and reduce its vulnerability to changing...

Source: Reuters

Google CEO Sundar Pichai said he doesn't regret firing James Damore

Google CEO Sundar Pichai said that he doesn't regret firing James Damore, whose controversial diversity-related memo leaked last fall.

Source: CNBC.com

UPDATE 4-ADM pursues big ag merger with grain trader Bunge -WSJ

CHICAGO/ CALGARY, Alberta, Jan 19- Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London- based rival Glencore Plc.. Thin margins have squeezed core commodity trading operations, including those of Bunge, ADM, Cargill Inc and Louis...

Source: Reuters

UPDATE 5-Schlumberger profit beats, sees stronger year for oil sector

HOUSTON Jan 19- Schlumberger on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and gave an upbeat outlook, predicting its international operations would grow in 2018 for the first time in four years. "Looking at the oil market, the strong growth in demand is projected to continue in 2018, on the back of a robust global economy," said...

Source: Reuters

Dow stock Boeing is up over 100% in one year, and some say the run isn't over

The stock's price action is making some market watchers hesitant about buying the name at this juncture, but say it could keep surging still.

Source: CNBC.com

UPDATE 4-Schlumberger profit beats, predicts strong 2018 for shale

HOUSTON Jan 19- Schlumberger on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and offered an upbeat outlook that included the first growth in its struggling international operations in four years. The world's largest oilfield services company reported $2.7 billion in charges including a $938 million write-down of its...

Source: Reuters

UPDATE 2-Reliance expects earnings boost as telecoms arm turns a profit

Reliance Jio Infocomm Ltd, in which the conglomerate has invested more than $30 billion, reported its first quarterly profit of 5.04 billion rupees. Reliance, India's largest listed company by market value, said its consolidated net profit rose about 25 percent in the quarter from a year earlier to a record 94.23 billion rupees. Reliance, controlled by India's...

Source: Reuters

UPDATE 3-Schlumberger profit beats, predicts strong 2018 for shale

HOUSTON Jan 19- Schlumberger on Friday posted a large fourth quarter loss on charges but beat Wall Street forecasts and offered an upbeat outlook that included the first growth in its struggling international operations in four years. The world's largest oilfield services company reported $2.7 billion in charges including a $938 billion write-down of its...

Source: Reuters

Equis and Global Infrastructure Partners Announce Closing of US$5.0 Billion Renewable Energy Generation Acquisition of Equis Energy

Singapore, Jan. 19, 2018-- Equis Pte. Ltd and Global Infrastructure Partners announcedtoday the closing of the previously announced sale by Equis of 100% of the equity interest in Equis Energyto GIP and its co-investors, for an enterprise value of USD5.0 billion. Headquartered in Singapore, Equis Energy is the largest renewable energy independent power...

Source: Globe Newswire

UPDATE 2-Singapore Exchange to allow dual-class shares to boost listings

SINGAPORE, Jan 19- Singapore Exchange Ltd is to allow companies to list with dual-class shares, a move which aims to attract blockbuster tech listings and follows a similar action by its Hong Kong rival. SGX's move is designed to make it the go-to-place for potential initial public offerings of Southeast Asian start-ups, such as ride-hailing services Grab and...

Source: Reuters