 | QE set to lead Gulf market
rally as investors go bullish QATAR´S stock market is the
worst-performing in the Gulf so
far this year. But a surge in
prices this week suggests it
could now start to outperform
the region, boosted by healthy
corporate earnings, traders and
analysts say.
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| | Indian Oil seeks LNG
from Qatar, Gazprom |  STATE-RUN Indian Oil Corp
is in talks with BG Group,
Qatar and Gazprom to secure
long-term liquefied natural
gas supplies for an import terminal
it is building to feed its
rising energy demand.
But while it talks to potential
suppliers, the company is also
keeping its options open to initially
import LNG through
spot or shorter-term contracts
on expectations that India may
lift pr i ce controls on the
power and fertiliser sectors
and allow them to pass on
feedstock costs to consumers.
"It is not proper to assume
that long-term contracts are
the only way out," said AMK
Sinha, director of business
development, on the sidelines
of an LNG conference.
"It may be prudent to see
how... | | | Brazil oil workers file
suit against Chevron |  BRAZIL´S largest oil workers
union filed a civil lawsuit
against oil company Chevron
and drilling firm Transocean
that seeks to cancel their rights
to operate in the offshore oil
field where they suffered an oil
spill last November.
The case, brought by the
FUP oil workers federation in
federal court, raises the stakes
for Chevron and Transocean,
which are already fighting
criminal and civil charges in
Brazil that could carry jail
terms for their employees and
damages of about $11 billion.
Chevron did not demonstrate
environmentally
responsible practices in its
exploration and development
of the Frade field in the
Campos Basin off the coast of
Rio de Janeiro... | | | BRICS targets joint bank,
exchange ties at summit |  THE BRICS group of emerging
world powerhouses -
Brazil, Russia, India, China
and South Africa - is expected
to launch plans this week for a
joint development bank and
measures to bring their stock
exchanges closer together.
Officials say the initiatives
will take time as they need to
sort out details. But they herald
a new level of ambition for
a bloc that brings together
about half the world´s people.
The Middle East and energy
security will also be discussed,
officials say.
The BRIC acronym was
coined in 2001 by Goldman
Sachs economist Jim O´Neill,
who was searching for a
catchy way to encapsulate the
broader shift in global economic
growth towards emerging
markets. | |
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