Energy Update
MILAN, April 29 (Reuters) - Italian oil services company Saipem said it would vigorously contest a 174.2 million euro ($192 million) lawsuit from a group of investors claiming the firm overstated profits.
Hold onto your hats, y’all — it’s going to be a wild year for North Carolina solar. Last week, the North Carolina legislature passed a bill offering a soft landing to the official end date for the state’s 35 percent state tax credit. While the tax credit cliff is scheduled for December 31, 2015, new legislation will extend eligibility for projects
NICOSIA, April 29 (Reuters) - Greece will launch consultations with Egypt and Cyprus to establish maritime boundaries in the eastern Mediterranean, Prime Minister Alexis Tsipras said on Wednesday.
KHOBAR, Saudi Arabia/DUBAI, April 29 (Reuters) - Saudi King Salman appointed Saudi Aramco's chief executive as chairman of the state oil firm and health minister on Wednesday, in a reshuffle that is unlikely to change oil policy in the world's top crude exporter.
BANGKOK, April 29 (Reuters) - Thai stocks hit a four-week low on Wednesday amid foreign-led selling after an unexpected interest rate cut, while stocks in Indonesia fell for a sixth successive session as weak corporate earnings dented the broader market sentiment. Bangkok's SET index finished down 0.6 percent at 1,522.47, the lowest close since March 31.
BEIJING, April 29 (Reuters) - After facing weeks of criticism about its reclamation work on disputed islands in the South China Sea, China on Wednesday turned the tables on Vietnam, the Philippines and others by accusing them of carrying out their own illegal building work.
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