Beijing shuts last coal power plant
Author: ReutersMon, 2017-03-20ID: 1489950394797723700BEIJING: The last large coal-fired power plant in Beijing has suspended operations, with the city’s electricity now generated by natural gas, the state news agency reported as smog enveloped the Chinese capital this weekend.The shuttering of the Huangneng Beijing Thermal Power Plant comes on the heels of China’s annual legislative sessions, where Premier Li […]
Sino-Saudi synergy to create huge opportunities, says Aramco chief
Author: Arab NewsMon, 2017-03-20ID: 1489950340647706300BEIJING: The long-standing ties between Saudi Arabia and China can be further amplified with a host of new business and economic opportunities ranging from energy collaboration, knowledge and technology transfer, as well as innovation-driven industries, said Amin Nasser, Saudi Aramco president and chief executive officer.He was speaking at the China Development Forum (CDF) […]
Real estate tycoon appointed Dubai Holding chairman
Author: ReutersMon, 2017-03-20ID: 1489950340677706600DUBAI: One of Dubai’s leading real estate tycoons will take charge of Dubai Holding, the investment vehicle of the emirate’s ruler, which has a $35 billion portfolio of assets in over 20 countries, the Dubai government said on Sunday.Abdulla Al-Habbai was chosen as chairman of the investment conglomerate by Sheikh Mohammed bin Rashid Al-Maktoum, […]
Brazil detains officials in rotten meat probe
Author: ReutersMon, 2017-03-20ID: 1489950340687706900RIO DE JANEIRO: Police detained an executive of BRF SA on Saturday, as the meat company and rival JBS SA took out full-page advertisements to burnish their image after raids to investigate alleged bribes paid to conceal unsanitary conditions in Brazil’s meatpacking facilities.Roney Nogueira, a government relations executive with BRF, turned himself into police […]
Auto industry backs commitment to fuel economy
Author: The Associated PressMon, 2017-03-20ID: 1489950340737707200DEARBORN: Just because President Donald Trump may weaken US fuel economy requirements; do not expect gas guzzlers like the giant 13 miles per gallon (mpg) Hummer H1 to make a comeback. Executives from automakers and suppliers recently gathered at a conference outside of Detroit said looser fuel economy standards might allow for […]
Sensex ends 130 points down on profit taking
The Indian stock market traded weak right through the session on Monday as investors chose to take profits at several counters. A weak lead from global markets and a lack of positive catalysts from the domestic front rendered price movements quite sluggish.Weakness in IT stocks due to a stronger rupee contributed significantly to market’s decline.Telecom […]
Wall Street swings to gains as Apple hits record-high
By Tanya Agrawal (Reuters) – U.S. stocks reversed course to trade slightly higher in late morning trading on Monday, helped by a rise in technology stocks including Apple. Apple rose nearly 1 percent, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker’s stock could rise […]
Standard Life's CEO to run day-to-day business after Aberdeen merger
By Carolyn Cohn LONDON (Reuters) – Standard Life Chief Executive Keith Skeoch will oversee its day-to-day running after it merges with Aberdeen Asset Management, while Aberdeen boss Martin Gilbert will handle external matters like marketing, the companies said. Analysts have expressed concern that the co-chief executive structure proposed by the firms when they announced the […]
US STOCKS-Wall St swings to gains as Apple hits record-high
* Fed on track to raise rates twice more this year – Evans * Nasdaq hits yet another intraday high * Walt Disney higher as ‘Beauty and the Beast’ tops boxoffice * Indexes up: Dow 0.18 pct, S&P 0.03 pct, Nasdaq 0.20 pct (Adds details, changes comment, updates prices) By Tanya Agrawal March 20 (Reuters) […]
Sensex, Nifty remain in red as weakness persists
The market, which opened lower this morning amid mixed global cues, continues to languish in negative territory with investors taking profits after recent gains. With the reporting season about to commence in a couple of weeks, the mood is cautious. Investors are closely following the proceedings in parliament. The Cabinet today cleared four supporting GST […]
