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Noble Group to raise $500 mln in rights issue, chairman plans to step down

SINGAPORE, June 3 Noble Group said it is raising $500 million in a fully underwritten rights issue and its chairman and biggest shareholder Richard Elman will step down within 12 months, as the company struggles with weak markets and the fallout from an accounting dispute.

Basic Materials 8:55pm EDT

COLUMN-OPEC changes nothing of substance, but at least they're being civil: Russell

LAUNCESTON, Australia, June 3 There are two ways of looking at the OPEC meeting in Vienna, and neither is wrong. Firstly it was a success as the Saudis and Iranians managed to be relatively nice to each other, and secondly it was a failure because everybody can still pump as much oil as they feel like.

8:46pm EDT

Storage sunrise: Solar battery makers eye take-off as prices fall

MELBOURNE/SYDNEY, June 3 When Frances Miao put solar panels on the rooftop of her three-storey home in the Sydney suburb of Hunters Hill, the emergency doctor planned to wait five years before spending more on battery storage.

India's Modi goes to Washington as US partner, but not yet full ally

NEW DELHI/WASHINGTON, June 3 Two years ago there were questions over whether Indian Prime Minister Narendra Modi could get a visa to enter the United States. Next week he visits Washington as one of President Barack Obama's closest international partners.

Stocks, Markets, Industrials 7:00pm EDT

UPDATE 6-Militants launch attacks in Niger Delta as Buhari cancels visit

BODO/ABUJA, Nigeria, June 2 Militants launched new attacks in the Niger Delta on Thursday, vowing to bring Nigeria's struggling oil industry to a total halt, and the president cancelled a long-awaited visit to the region.

Stocks, Markets 6:47pm EDT
Energy
Exxon Mobil Corp $89.24 +0.25%
Chevron Corp $101.13 +0.13%
Schlumberger NV $75.86 -0.58%

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