UPDATE 2-Libya AGOCO says output at 290,000 bpd, aims for 350,000 by year end

BENGHAZI, Libya Sept 29 Libya's Arabian Gulf Oil Company (AGOCO) has increased production to 290,000 barrels per day, its chairman said on Thursday, and hopes to reach 350,000 bpd by the end of the year.

3:39am IST

UPDATE 4-U.S. lawmakers may change Sept. 11 law after rejecting veto

WASHINGTON, Sept 29 U.S. lawmakers expressed doubts on Thursday about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease concerns about its effect on Americans abroad.

3:33am IST

UPDATE 10-Oil rises close to $50/bbl; doubts on OPEC plan cap gains

* OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd (New throughout, adding weekly milestones and analyst's price views)

2:40am IST

Nutanix IPO shows risks of 'unicorn' valuations

SAN FRANCISCO, Sept 29 In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that's below the most recent private funding round.

CANADA STOCKS-TSX rises to 1-week high as energy adds to OPEC-related gains

TORONTO, Sept 29 Canada's main stock index rose on Thursday to a one-week high as energy stocks added to sharp gains from one day before on a surprise output cut agreement by OPEC.

2:20am IST
BSE OIL & GAS -1.90%
BSE AUTO -2.16%
BSE POWER -4.11%
BSE-CG -2.50%


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India's FX, stock markets to stabilise within days - govt official

MUMBAI India's rupee and stock markets will stabilise in a few days, Economic Affairs Secretary Shaktikanta Das said on Thursday, following a sharp fall in the markets after India launched attacks on suspected militants.