Latest news
Daily: Brent crude declines on flat manufacturing data in China amid chopping trading
Brent crude oil dropped and WTI crude climbed slightly in chopping trading on Monday as flat manufacturing activity in China eclipsed the supply concerns over the Ukraine crisis and civil unrest in Libya.
read more... 25/03/2014
Siemens funds for UK wind turbine factory doubled
Siemens, the German engineering corporation, declared it had doubled the funds it intends to spend in constructing an offshore wind turbine factory and installation facility to 160 million pounds (190 million euro).
read more... 25/03/2014
Turkey: $1.7 billion loan deal negotiated between DenizBank and Socar
Turkey’s DenizBank lender, owned by Russia, is in negotiations with Azeri state-owned oil firm SOCAR over a loan package for investments of about $1.7 billion, as stated on Friday by Hakan Ates, DenizBank Chief Executive Officer.
read more... 24/03/2014
Timchenko’s Stroitransgaz set for 3.5 billion euro South Stream deal
A conglomerate run by Stroitransgaz, managed by Gennady Timchenko, an important businessman touched by U.S. sanctions, won a transaction of about 3.5 billion euro to construct a segment of the South Stream natural gas pipeline traversing Bulgaria, as stated by industry sources on Friday.
read more... 24/03/2014
UK: break-up threat for six energy companies
Six major energy firms in Britain are likely to face the threat of split-up this week. The companies are expected to be consigned by their energy regulator Ofgem to the new Competition and Markets Authority (CMA), as published in the Sunday Times.
read more... 24/03/2014