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India raises over $4 bn in Coal India stake sale: official - India's government raised over $4 billion Friday by selling 10 percent of its stake in mining giant Coal India as it looks to raise funds through asset sales to keep its fiscal deficit in check, an official said. Investors bid for 675.24 million Coal India shares against more than 631 million shares on offer that were priced at a minimum of 358 rupees each, preliminary data from the Bombay Stock ...
Oil prices rocket by nearly $4 a barrel - Oil prices surged by nearly $4 a barrel in late trade Friday, rebounding from six-year lows on month-end covering and signs the industry is quickly tightening exploration activities. After a day trading slightly higher, around the $45 level, the US benchmark West Texas Intermediate crude for March delivery suddenly rocketed to more than $48. In London, Brent North Sea crude for March followed a ...