Bloomberg Delinquent loans worth as much as 700 billion rupees ($10 billion) in India’s power sector are in the process of being resolved, according to the nation’s largest bank, helping lenders avoid dragging seven accounts to bankruptcy court under new norms laid out by the regulator. State Bank of India identified 34 stressed accounts in the power sector, with dues ...

Bloomberg The charts are saying to sell energy shares. Cornerstone Macro Head of Technical Analysis Carter Worth is recommending an underweight on the best-performing sector in the S&P 500 over the past week and a half. Worth said his call comes from analyzing the chart patterns of each of the stocks that compose the Russell 3000 Energy sector. “What we ...

Bloomberg Oando Plc is looking to boost crude output from next year as the Nigerian producer breaks the back of a $2.5 billion debt burden built up through the 2014 acquisition of oil and gas assets from US giant ConocoPhillips. The borrowings will be almost 90 percent lower by the third quarter of 2019 and the company is now preparing ...