Snapping the winning streak of the last two sessions, the Sensex of the Bombay Stock Exchange (BSE) today slipped by 34.04 points to end in the red at 18,232.06 on profit booking at higher levels from local operators. The Nifty of the National Stock Exchange (NSE) too eased marginally by 3 points to 5473.10 Read More...
Bovespa Stock Index Falls, Adding to Monthly Decline, as Commodities Drop
Brazil’s Bovespa index fell, adding to its third monthly decline this year, as a drop in commodities prices offset reduced inflation forecasts. The Bovespa index fell 0.1 percent to 64,239.08 at 9:27 a.m. New York time. Thirty-four stocks gained on the index, while 31 fell. The real weakened 0.1 percent at 1.5968 per U.S. dollar. Read More...
Marathon Oil Corporation Board Accredits Spin-Off of Marathon Petroleum Corporation
Marathon Oil Corporation NYSE:MRO recently declared that company’s Board of Directors has approved the spin-off of its downstream business through the distribution of shares of Marathon Petroleum Corporation (MPC) to holders of Marathon Oil common stock. Company expects the distribution of MPC shares to occur on June 30, 2011, with Marathon Oil shareholders receiving one share of MPC common stock for every two shares of Marathon Oil common stock held at the close of business on the record date of June 27, 2011.Read More...
Government looks to boost its oil reserves
The government plans to beef up its role in the fuel market and increase the volume of strategic oil reserves it holds in line with international trends.The Department of Energy told Parliament on Friday that it was looking to build strategic reserves of oil and petroleum products to increase energy security and cushion the country against supply shocks. Read More...
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