Energy Update
KUALA LUMPUR, June 19 (Reuters) - The hijacked oil tanker Orkim Harmony is being shadowed by a Malaysian naval ship and has been redirected east to Indonesia's Natuna Island, and should arrive on Saturday, the Malaysian navy and media said on Friday.
By Rujun Shen SINGAPORE, June 19 (Reuters) - The Singapore stock market has unexpectedly turned into a playground for short-sellers looking to profit from weakness in shares of companies with heavy exposure to a slowing Chinese economy or the energy sector.
PBF Energy has signed an agreement with Petróleos de Venezuela (PDVSA) and ExxonMobil to acquire 100% stake in their joint venture company, Chalmette Refining, for $322m.
Pacific Ethanol (PEIX), the producer and marketer of low-carbon renewable fuels, has acquired the final 4% stake in PE Op, the sole owner of the Pacific Ethanol plants, bringing the company's total interest in PE Op Co to 100%.
WASHINGTON, June 18 (Reuters) - President Barack Obama praised Pope Francis for issuing a papal document on Thursday calling for action on climate change and said he looked forward to discussing the issue when the two meet at the White House in September.
LAGOS, June 18 (Reuters) - Nigeria's new 72-year-old president is improving with age, his spokesman said on Thursday, in response to reports that the leader had suggested it would limit what he could achieve during his tenure.
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