Energy

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Russia not preparing new tit-for-tat sanctions - Deputy PM

SOCHI, Russia, Sept 20 - Russia is not working on a new package of measures in retaliation for Western sanctions over Moscow's role in Ukraine, Deputy Prime Minister Arkady Dvorkovich was quoted as saying on Saturday.

8:31pm IST

Nigerian oil minister pledges $1.3 bln aid for power companies

ABUJA, Sept 20 - Nigeria's oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised.

8:14pm IST

Britain must honour pledge to grant Scotland powers, Gordon Brown says

EDINBURGH, Sept 20 - Former Prime Minister Gordon Brown told British leaders on Saturday that they must honour their promise to grant further powers to Scotland after voters backed staying in the United Kingdom in an independence referendum.

3:29pm IST

Rosneft says Exxon still continues to work with it in Arctic

SOCHI, Russia, Sept 20 - Russia's biggest oil producer Rosneft said on Saturday that Exxon Mobil was still continuing exploration drilling at their joint project in the Arctic Kara Sea.

2:56pm IST

UPDATE 3-Siemens, GE consider bid for Dresser Rand - reports

FRANKFURT, Sept 19 - General Electric Co and Germany's Siemens are considering bids for compressor and turbine maker Dresser-Rand that could derail a merger between Dresser-Rand and Swiss pump maker Sulzer , according to media reports.

3:08am IST
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As G20 chases growth goal, members differ on how to get there

CAIRNS Australia - Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus.