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What's In The News: September 21, 2012

Financial News Network
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September 24, 2012 AT 2:46 PM
From Fnno.com, This is the financial news network. Here's what's in the news for Friday September 21, 2012. The Wall Street Journal reports following the significant decline in oil production after the Deepwater Horizon disaster, the U.S. Gulf of Mexico is set for an energy boom. Gulf oil flows will increase by about 28% by 2022 to 1.8M barrels per day, according to consulting firm Bentek Energy. The Wall Street Journal also reports Wal-Mart Stores (NYSE:WMT) hopes to open its first retail stores in India within two years after the government opened the way for international supermarket chains to enter the country through joint ventures. Reuters reports Honda Motor (NYSE:HMC) looks to nearly double its car sales to at least 6M vehicles worldwide in four years, said CEO Takanobu Ito. Bloomberg reports the SEC wants to determine if some private-equity firms are taking more profits from investments than they should under agreements with fund clients, sources say. Finally, Bloomberg also reports Chinese Premier Wen Jiabao pressed the EU not to put up trade barriers amid a EU threat to impose tariffs on solar panels from China. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.