JAKARTA, Nov 28 - Indonesia's president picked the president director of cement firm PT Semen Indonesia, Dwi Soetjipto, as the new head of state energy firm Pertamina , a cabinet minister said on Friday.
LONDON, Nov 28 - British electricity generator Drax Power has paid a 28 million pound ($44 million) penalty for failing to meet obligations to fund energy-saving measures such as loft and cavity wall insulation for households in low-income areas.
Nov 28 - Silver miner Hochschild Mining Plc said it would cut production and spending at two mines in southern Peru in 2015 as a way to stay profitable at a time of weak prices.
MUMBAI, Nov 28 - Sitting in his village in the desert state of Rajasthan, Sehdev Bishnoi worries that oil firms a world away in the United States will buy less of his guar in future, ending a short-lived boom that helped him and other Indian farmers out of poverty.
* Fortescue still expects to ship 155-160 mln tonnes in FY15
NEW DELHI - The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 percent, the junior finance minister said on Friday, sending shares of state lenders higher.