Statoil Pockets New Australian Exploration Permit

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Norway’s Statoil has secured an exploration permit in the Northern Carnarvon Basin in the northwest part of Australia, its third asset in the country.

Pension Firms Attack EU Plans

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Europe’s pensions industry has accused its European Union regulator of over-reaching its authority by pursuing plans to develop what pension funds say amounts to a new and onerous capital regime.

'Cheap Chic' Gets Cheaper Yet

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Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S. Its big selling point to America will be price.

Qantas Showing Signs of Recovery

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After reporting a record annual loss this year, Australia’s Qantas Airways turned a profit during its fiscal first quarter, its chief executive said.

Kinder Morgan Granted Access to Pipeline Route

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Canada’s chief energy regulator said Thursday a municipality along the route of a crude oil pipeline can’t stop an affiliate of Kinder Morgan Energy from accessing areas for a proposed expansion.

Buffett Puts Wind in Berkshire's Sails

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Famed billionaire Warren Buffett has doubled down on renewables—and wind power in particular—in his energy strategy.

Icahn Says Trump Taj Mahal Likely Will Close

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Billionaire investor Carl Icahn says the struggling Trump Taj Mahal “will almost certainly close,” as the would-be purchaser of the casino said the property’s finances are dire.

U.S. Auto Sales Fuel GM Earnings

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General Motors reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.

China CNR Bags Major U.S. Contract

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A Chinese railcar maker said it won the local industry’s first major contract in the U.S., with an agreement to supply 284 subway cars for $556.6 million to the state of Massachusetts.

Tesco Chairman to Step Down

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Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.

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