 | Gulf investors bullish
on IPO market revival A RESURGENCE of stock
market trading in the Gulf Arab
region is raising hopes for a
revival of initial public offers,
more than three years after the
global financial crisis brought
share sales to a grinding halt.
Underlining the heightened
hopes ...
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| | Petronet to build $854mn LNG terminal |  INDIA´S Petronet LNG will invest
45 billion rupees ($853.89 million)
to build a liquefied natural
gas (LNG) terminal on the country´s
east coast by 2016 to help
meet the growing demand of the
energy-hungry nation.
Companies are building LNG
import and regasification facilities
on the east coast to meet demand
of eastern and central part of
India as plants are now located
only on the west coast.
Petronet, partly owned by GAIL
(India), Indian Oil Corp and refiner
Bharat Petroleum, has signed
an agreement with Gangavaram
Port to build the 5-million-tonnea-
year plant in southern Andhra
Pradesh state, the gas importer
said in a statement on Wednesday.
| | | Rosneft earnings drop 9% in
first quarter on higher taxes |  RUSSIA´S top oil producer
Rosneft on Wednesday posted
an 8.9 percent drop in first
quarter earnings that the
group attributed to the expiration
of tax privileges at its
most important Siberian
field.
State-controlled Rosneft
reported a net profit of 112
billion rubles ($3.8 billion)
and a 14.9 percent decline in
the core operating earnings
that are watched most closely
by investors.
The company said the losses
were primarily the result
of last year´s expiration of
favourable mineral extraction
tax and export duty rates
at its strategic east Siberian
Vankor deposit.
The results beat most analysts´
and the company´s own
forecasts thanks to a 2.3-percent. | | | US private sector hiring
declined in April: ADP |
 PRIVATE employers hired a
far fewer than expected
119,000 people in April, the
smallest gain since
September 2011, a report
showed on Wednesday,
adding to concerns that the
economy has lost some of its
momentum.
Economists surveyed by
Reuters had forecast the ADP
National Employment Report
would show a gain of 177,000
jobs.
The report by ADP, a payrolls
processor, is jointly
developed with Macro
economic Advisers LLC and is
published two days before the
government´s broader payrolls
report.
"This is an upsetting
report," said David Carter,
chief investment officer at
Lenox Advisors in New York.
"The strength of the US
economic... | |
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