Energy

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Cairn Energy raises $922 mln from Cairn India stake sale-source

Sept 25 - Cairn Energy has raised about $922 million by selling an 8 percent stake in Cairn India , a source with direct knowledge of the situation said on Tuesday.

Financials 12:44am EDT

STOCKS NEWS SINGAPORE-Index rises slightly, led by Wilmar International

Singapore shares were slightly higher, led by Wilmar International Ltd, after the palm oil giant entered into a joint venture with U.S. cereal maker Kellogg Co to expand in China's fast-growing breakfast and snack foods market.

TEXT-S&P; Affirms Caltex Australia 'BBB+/A-2' Rtgs; Otlk Stable

-- We consider that Caltex's overall funding strategy for its supply chain restructure would mitigate the project execution risk, and is supportive of the company's "modest" financial risk profile.

12:30am EDT

STOCKS NEWS INDONESIA-Bumi Resources shares hammered on financial probe

Shares in Indonesia's Bumi Resources, Asia's biggest thermal coal exporter, dropped as much as 13.23 percent on Tuesday after parent company Bumi Plc launched an investigation into alleged financial irregularities at its subsidiaries.

US institutions choose non-stock assets in volatile market

NEW YORK, Sept 25 - U.S. pension funds, charitable groups, endowments and other large institutional investors are taking on more exposure in non-traditional "alternative" investments -- such as private equity and hedge funds -- to buffer against volatile stock markets, an investor survey found on Tuesday.

Energy
Exxon Mobil Corp $91.88 -0.04%
Chevron Corp $117.75 -0.04%
Schlumberger NV $74.26 -1.01%

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