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Talks Planned on Public Sector Train

Scotland transportation on trains.

The Scotland Transportation is now planning to have a public sector train for the place and could happen in 2020.

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AIMCo.Pushes Through Journey Energy Inc. Investment

AimCo's CEO is pleased to announce their partnership with Journey Energy Inc. Journey released 4.95 million investment. AimCo was so happy that it has victoriously enterted a strategic financing firm with Journey.

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Justice department seal hanging on wall.

The U.S. Justice Department Sued ValueAct for Violating Disclosure Rule

Department of Justice filed lawsuit against ValueAct Capital last week, related to Halliburton and Baker Hughes merger. Meanwhile, ValueAct on Monday claimed no wrongdoing and will defend its position.

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St. Louis Cityscapes And City Views

Peabody Officially Files for Bankruptcy Protection

Peabody just filed for bankruptcy protection on Wednesday after it announced its situation the previous weeks. Assets in Mexico and Colorado will no longer be sold as buyer was not able to complete the deal.

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Shanghai Composite Index Shed 1.28% Close To 2,900 Points

Chinese trade data fuels global stock markets profit

Stocks in the US had a higher opening on Wall Street on the optimistic thought of additional Chinese economic incentive. Global stocks improved after a series of decline in a year, helped by Chinese trade number that showed signs of economic recovery across the world.

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Stocks Rally Over 200 Points

Energy stocks propels Wall Street profits following oil price rally

Wall Street ended higher on Tuesday trading session as energy stocks rallied helped by increasing crude prices. The US crude prices reached its new height in 2016.

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Halliburton Adds Jobs As Onshore Boom Lifts Profit

EU Resumed Investigation on Halliburton and Baker Hughes Deal

European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.

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Riyadh City Skyline, Construction And King Abdullah Financial District

Fitch Degraded Saudi Arabia From AA to AA-

Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016 and 2017.

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Views Of China Petroleum & Chemical Corp. (Sinopec) And PetroChina Co. Gas Stations As China To Ease Market Barriers For Oil

PetroChina Reported $162 Billion Liability As Oil Price Continues to Plunge

China's oil giant reported a 67% drop in profit. PetroChina reported its worst profit in 15 years which brought liability to $162 billion.

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Freezing Temperatures Continue To Grip The Country

LNG price continues to fall amid oversupply from producers

LNG supporters are worried about the continuous fall in the industry amid oil price recovery. Liquefied natural gas prices continue its downhill slide despite a 50% surge in Brent oil prices.

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'Flaring Event' At Exxon Mobil's Torrance Refinery

Exxon Mobil to shell out $10.75mln to New York over oil spill cleanup costs

Exxon Mobil Corp will pay $10.75 million to New York State reimbursing costs on oil spill cleanup. The payment will cover New York Environmental Protection and Spill Compensation fund's costs.

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Fuel Shortages In Nigeria Cause Queues At Gas Stations

Major Oil Companies Fund Nigeria's $200 Million Fuel Imports

Nigeria is suffering from fuel shortages as well as lack of hard currency. Four major oil companies agreed to finance the country’s $200 million fuel import along with the lack of the dollars to sustain the country’s fuel needs.

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Chairman Of The Interim Afghan Government Hamid Karzai Pakistani President Perv

Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project Secured $200 Milion Investment from Shareholders

Turkmenistan-South Asia natural gas pipeline project has secured $200 million of investment from its shareholders. The project, developed by the Asian Development Bank, will now begin important studies to determine the projects detailed costs, routes, and other environmental as well as social factors.

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Views Of Largest U.S. Oil Hub As Stockpile Growth Slows

US oil prices up 5% on surprise drop in crude stocks

US oil prices gained 5.18 percent owing to an unexpected drop in domestic crude stockpiles. US crude stocks eased by 4.9 million barrels last week as imported declined.

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Halliburton to Buy Baker Hughes for $34.6 Billion

Halliburton Acquisition of Baker Hughes Faces a Legal Obstacle

United States Justice Department has prepared a lawsuit to block acquisition of Baker Hughes. Halliburton took over the company in November 2014.

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