Puerto Rico's Federal Supervisors Veto $9 Billion Utility Debt Deal
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A $9 billion restructuring deal covering Puerto Rico's public power monopoly failed to win approval from the island's federal oversight officials, raising the likelihood of default at one of the largest U.S. utilities.
U.S. Crude-Oil Stockpiles Seen Decreasing in DOE Data
Oil inventories are projected to have decreased by 2.4 million barrels, while gasoline stockpiles are expected to show a decrease of 600,000 barrels.
Bond Insurers Sue Puerto Rico Board to Enforce $9 Billion Utility Deal
Bond insurers are suing Puerto Rico's financial oversight board over a $9 billion utility debt restructuring agreement, accusing the U.S. territory's financial supervisors of improperly withholding approval of the controversial deal.
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Rosneft Says Hacker Attack Has Hit Company Servers
Russia state-controlled oil company PAO Rosneft said it was under a 'massive hacker attack' that could have serious consequences.
Oil Surges on Cyberattacks
Oil prices surged after reports of significant cyberattacks on global businesses, including a shipper and a Russian oil giant.
Trump, EPA Move to Rescind Obama Administration's Clean Water Rule
President Donald Trump's administration is moving ahead with plans to dismantle a rule that sought to protect clean drinking water by expanding Washington's power to regulate major rivers and lakes as well as smaller streams and wetlands.
This Shipping Magnate Is Calling a Bottom in the Oil Rout
Shipping magnate John Fredriksen is trying to buy more oil tankers despite a glut of vessels afloat, a messy restructuring of an offshore-drilling company he leads and two unsuccessful takeover attempts of rival tanker firms.
To Predict U.S. Stocks and Inflation, Keep an Eye on Chinese Electricity
After a bubbly first quarter, Chinese growth is moderating again. A not too hot, not too cold China is good for U.S. stocks.
Panda Temple Offers Low Recovery to Unsecured Creditors
The Texas power plant has amended the terms of its plan, to the detriment of unsecureds.
Rio Tinto Rebuffs Glencore Again in Bidding for Australian Coal Assets
Glencore suffered another setback in the bidding for Australian coal mines, after the commodity giant's rival Rio Tinto said it would rather take a sweetened offer from a Chinese-owned company.
(END) Dow Jones Newswires
June 28, 2017 04:16 ET (08:16 GMT)