Edition:
India

Tim McLaughlin

Why U.S. energy CEOs will get big payouts despite oil meltdown

27 May 2020

BOSTON/NEW YORK National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.

Frozen fare cold comfort for fishing industry battered by coronavirus

11 May 2020

CAPE COD, Massachusetts/LONDON Frozen fish sticks and canned salmon have made a comeback as the coronavirus crisis keeps people home, forcing a change of tack for the fishing industry that usually turns to restaurants from Paris to New York and Shanghai to serve their fresh seafood.

Big crude oil fund had $726 million in unrealized losses before April

29 Apr 2020

BOSTON The United States Oil Fund was sitting on more than $700 million in unrealized losses at the end of March, several weeks before the market fully grasped the outsize role it would play in this month's unprecedented collapse in the price of front-month oil contracts.

Execs at hard-hit Chaparral Energy to receive $2 million in retention bonuses

29 Apr 2020

BOSTON Chapparal Energy Inc, a small oil and gas producer whose share price has plummeted 82% this year, plans to award $2.15 million in retention bonuses to five senior executives instead of granting long-term stock awards.

Execs at hard-hit Chaparral Energy to receive $2 million in retention bonuses

29 Apr 2020

BOSTON, April 29 Chapparal Energy Inc, a small oil and gas producer whose share price has plummeted 82% this year, plans to award $2.15 million in retention bonuses to five senior executives instead of granting long-term stock awards.

Oil price plunge below zero sends 'oil tourists' on wild ride

21 Apr 2020

NEW YORK Jackson Ryder, a self-employed accountant based in Lubbock, Texas, first took up positions in a fund that tracks the oil futures market last week.

Oil price plunge below zero sends 'oil tourists' on wild ride

21 Apr 2020

NEW YORK, April 21 Jackson Ryder, a self-employed accountant based in Lubbock, Texas, first took up positions in a fund that tracks the oil futures market last week.

Best of the worst: Some U.S. bond funds escape full trauma of energy meltdown

02 Apr 2020

BOSTON A handful of U.S. bond funds with heavy exposure to energy debt managed to beat their benchmark in March by avoiding the most calamitous corners of an industry waylaid by a crash in prices that dragged crude to 18-year lows.

BNY Mellon money fund gets capital infusion after 'shadow price' falls

25 Mar 2020

BOSTON A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S. regulatory filing.

UPDATE 1-BNY Mellon money fund gets capital infusion after 'shadow price' falls

25 Mar 2020

BOSTON, March 24 A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S. regulatory filing.

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