WASHINGTON, June 9 (Reuters) - A U.S.
NEW DELHI, June 9 (Reuters) - India is planning to convert into equity a 50 billion rupee ($783 million) loan extended by state-run Oil and Natural Gas Corp (ONGC) to its overseas investment arm, sources said, to improve the unit's finances ahead of a possible public offering.
LONDON, June 9 (Reuters) - Cost-cutting is set to remain the main focus for the oil industry for at least the next two years as petroleum producers adjust to an environment of much lower prices.
PARIS, June 9 (Reuters) - Countries waging a regional fight against the Nigerian Islamist militant group Boko Haram will take significant steps towards establishing a joint task force when they meet on Thursday in Abuja, Benin's president said.
KUALA LUMPUR, June 9 (Reuters) - Malaysian state investment fund 1MDB is likely to abort plans for a $3 billion IPO of its power unit and focus on an outright sale of its energy assets, three people with direct knowledge of the deal said on Tuesday.
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