Energy

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Ohio legislature OKs bill on energy fracking rules

COLUMBUS, Ohio, May 25 - The Republican-led Ohio legislature approved a bill setting rules for drilling and related activities in the state's shale gas industry, in a vote late on Thursday, responding to a series of small earthquakes in Ohio last year that experts linked to a practice called fracking.

4:35am IST

REFILE-UPDATE 2-Icahn buys Chesapeake stake, seeks board changes

May 25 - Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors, saying the board has failed "in a dramatic fashion" in its oversight of management.

EMERGING MARKETS- Latam stocks rise for week on bargain-hunting

* Brazil's Bovespa up 0.74 pct; Mexico's IPC off 0.18 pct

3:11am IST

UPDATE 11-Oil edges up on Iran, but posts 4th weekly loss

* IAEA finds higher uranium trace in Iran * U.S. consumer sentiment rise supports oil * Euro zone debt crisis limits oil rise * Coming up: API oil stocks data 4:30 p.m. EDT Wednesday (Updates with gasoline futures, paragraphs 10-12) By Robert Gibbons and Gene Ramos NEW YORK, May 25 - Oil prices rose for a second day on Friday on the lack of progress in negotiations with Iran over its disputed nuclear program, but crude futures posted a fourth straight weekly los

3:07am IST

UPDATE 4-Canada lifts threshold for foreign takeover reviews

OTTAWA/TORONTO, May 25 - Canada will boost the threshold at which it will review proposed foreign takeovers of Canadian companies, the industry minister said on Friday, but he stopped short of fulfilling a government pledge to clarify the criteria for approving them.

3:01am IST
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Under pressure, govt to review steep petrol hike

NEW DELHI - India's coalition government opened the way for a partial rollback of the steepest petrol hike in the country's history after two days of street protests and dissent from within its own ranks over the unpopular measure.