France's Vallourec Axes Jobs, Seeks Capital Amid Oil SlumpWall Street JournalPARIS—France's Vallourec SA, a maker of high-strength steel for the oil sector, is to raise €1 billion ($1.08 billion), suspend its dividend, and ax more than 2,500 jobs, …
Financial TimesOil producers retool for lower pricesFinancial TimesUndoubtedly, costs have come down — especially given the sharp weakening in domestic currencies of most producer nations. Oil exploration companies will find themselves dictating terms to s …
Vallourec Seeks Capital as Oil Prices Pummel EarningsWall Street JournalPARIS—Vallourec said on Monday that it plans to raise about €1 billion ($1.08 billion) in fresh capital through new shares and convertible bonds as the company braces for widening loss …
Sydney Morning HeraldThe oil crash is kicking off one of the largest wealth transfers in human historySydney Morning HeraldEconomists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap …
Wall Street JournalAsia's Energy Shares Lower as Oil FallsWall Street JournalA global glut of crude oil has contributed to a 30% fall in U.S. oil prices this year, weighing energy shares globally. Last week's respite in oil-price declines helped lu …
Business InsiderAsia stocks are subdued as oil resumes its fallBusiness InsiderAsian stocks were subdued on Tuesday, with Japanese and South Korean equities slipping, after crude oil prices resumed their slide and cooled investor sentiment. MSCI's broa …