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Sun, 20 May 2012
Markets Live: Stocks post early gains
| Miners and banks gain in early trading, clawing back part of last week's steep losses. The Australian dollar is also edging higher. | 10.09am: Stocks look like holding on to their early advance. Materials are up about 1 per cent, while financials are up 0.3 per cent a...Full Story
Consensus builds on petrol price hike R. SURYAMURTHY Oil drill New Delhi, May 20: A ...
Consensus builds on petrol price hike | R. SURYAMURTHY Oil drill | New Delhi, May 20: A hike in price is a possibility in petrol but not for diesel, given a double-digit retail inflation rate. | When the empowered group of ministers, led by finance minister Pranab Mukhe...Full Story
MISC to sail out of choppy waters
| Its earnings have hit bottom, seen to improve in coming quarters | IT will get worse before it gets better. That pretty much sums up what MISC Bhd, the world's single-largest owner-operator of liquefied natural gas (LNG) tankers, has experienced when its recent balloo...Full Story
Electricity restored in Sabah landslide-hit area after a week
| KOTA KINABALU: Villagers hit by a landslide at the foothills of Mount Kinabalu finally have something to smile about - electricity has been restored after more than a week. | Sabah Electricity Sdn Bhd (SESB) managing director Abd Razak Sallim said power supply was res...Full Story
Most negatives are already priced in: Sunil Singhania, Reliance Mutual Fund
Tweet The stock market may not correct sharply from current levels as most negatives are priced in, said Sunil Singhania, head of equity investments at Reliance Mutual Fund. In an interview with ET, Singhania said regulatory risks are worrying investors and revival of c...Full Story
Putin loyalists seen in key posts
Washington/Moscow - Russian President Vladimir Putin will unveil a government dominated by loyalists on Monday, leaving Prime Minister Dmitry Medvedev limited scope to pursue his reform agenda and entrenching the Kremlin's grip over the economy's commanding heights. | M...Full Story
Electric car fire probe
| Authorities investigate garage fire involving luxury Fisker EV. | United States safety regulators are joining inquiries into a Texas garage fire that destroyed a Fisker Karma, a $100,000 plug-in electric vehicle. | The US National Highway Traffic Safety Administration...Full Story
DJB takes first step towards privatisation
| The Delhi Jal Board (DJB) is "cautiously" moving towards partial privatisation of water services in residential colonies. It will soon bring out a booklet to sensitise all stakeholders on the functioning of the public-private partnership model, which will be implement...Full Story
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Mon 21 May 2012
The Energy Bill is coming
Scoop Monday, 21 May 2012, 9:41 am | Press Release: British High Commission | The Energy Bill is coming | Editor of Businessgreen, James Murray | So the rumour mill was wrong. The Energy Bill and its promised electricity market reforms , and right near the...
Light has gone out of these community biogas plants
The Hindu At a time when people are grappling with the shortage of kerosene and cooking gas not to mention the crippling power cuts, biogas plants should have been the most effective source of fuel for cooking, at least in rural areas. | However, two community...
Israel rolls out nationwide electric car network
NZ Herald | Israeli entrepreneur Shai Agassi has begun rolling out the world's first nationwide electric car network. Now, will the drivers come? | After more than US$400 million in outlays and months behind schedule, dozens of electric cars have hit the road ...
'Shareholders can't question policies if firm makes full disclosure in filing'
Indian Express | Even as minority shareholders become increasingly active to protect their returns on investments like in the case of The Children's Investment Fund (TCI) writing against state-run Coal India's pricing policy, market regulator Securities and Exchang...
Divestment only via placements or offer for sale, says Finance Ministry
The Times Of India Tweet | NEW DELHI: The finance ministry has ruled out any more follow-on offers of state-run companies, saying it will instead rely on institutional placement or offer for sale to meet its Rs 30,000-crore disinvestment target for the current fiscal. ...
Australian business news digest - May 21
Canberra Times | THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) | Stephen Johns, chairman of international service provider Leighton Holdings, said yesterday that it should never have established a joint venture operation with the Al Habtoor Group in Asia. "With hin...
Iran finds first Caspian Sea oil
Gulf News | Dubai: Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported. | The deposit was found at a depth of 2.5km during drilling on a natural-gas field and may contain 10 billi...
Massive gas discoveries add to East Africa's allure
Gulf News | London: To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas — so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last...
UAE will fire up gas export forum
Gulf News | The UAE is to be congratulated on joining the Gas Exporting Countries Forum (GECF) after the Cabinet approval on May 15, as reported by Gulf News. The decision has been expected for some time since the first GECF summit in Doha last November when O...
Zhongwang on track for rebound
Hong Kong Standard The world's second largest industrial aluminum extrusion product maker - China Zhongwang Holdings (1333) - will be ready to produce complete compartments for high-speed trains by the end of the year. | //--> Grace Cao | Monday, May 21, 2012 | The wor...
Cops run into trouble with electric bikes
Hong Kong Standard The police plan to use electric vehicles for patrols has run into trouble with the frequent breakdown of 12 imported electric motorcycles. | //--> Staff reporter | Monday, May 21, 2012 | The police plan to use electric vehicles for patrols has run in...
Pay power bills at mobile recharge outlets
Deccan Chronicle | Now forget about standing in Bescom offices to pay your bills, instead just go to the nearest mobile recharge shop! The city power utility which is in the process of setting up smart meters in the city, is planning to introduce this feature in the ...
Insurance firm plugs in electric car
NZ Herald | Staff of a large Auckland insurance office will have to remember to plug their company pool car back into the wall after business trips. | Sovereign has had power charging points installed in the garage of its energy-efficient North Shore headquart...
Nation's wind power generation capacity grew fivefold in last decade
Japan Times | The nation's wind power capacity has climbed about fivefold to 2.5 million kw over the past decade, sources say. | But growth in fiscal 2011 shrank to just under 100,000 kw — the slowest pace in the decade — following the termination of...
For better or worse, Japan might remain nuclear-free forever
Japan Times | On May 5, Japan's last operating nuclear reactor was shut down, turning it into a nuclear energy-free country. The government is working desperately to restart two reactors in the town of Oi in Fukui Prefecture, but the outcome is difficult to pred...
Exxon, BHP pushing to link Bass Strait gas contracts to overseas oil prices
The Australian | THE effects of surging Queensland domestic gas prices driven by $60 billion of planned LNG plants have hit southern states, with Exxon Mobil and BHP Billiton pushing to link Bass Strait gas contracts to international oil prices. | Industry sources ...
Planning a new environment policy
Japan Times | The Noda Cabinet has adopted a new environment basic plan, the fourth since the first plan was adopted in 1994. It incorporates the experience of the Fukushima nuclear crisis and says that the idea of safety should serve as the basis of the endeavo...
Australia and the Security Council
Japan Times | CANBERRA — This autumn in New York, Australia will be contesting for one of the elected seats on the U.N. Security Council. Some domestic critics ask why bother with the United Nations? Some international critics ask why waste a vote on Austr...
Sun 20 May 2012
REGIME CHANGE: Myanmar learns the lesson of Libya
GlobalResearch | Strike Myanmar from the regime change list. Only two years ago, the resource-rich country located between India and China was practicing the kind of economic nationalism that got Libyan leader Muammar Gadhafi deep into trouble with the US State Dep...
Crude Oil Falls for a Seventh Day in Longest Decline Since 2009
Bloomberg | Oil dropped for a seventh day, the longest run of declines in more than two years, after Saudi Arabian crude output rose to close to a 31-year high and money managers reduced bullish bets on the commodity. | Futures slid as much as 0.7 percent afte...
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Full StoryMISC to sail out of choppy waters
Full StoryMost negatives are already priced in: Sunil Singhania, Reliance Mutual Fund
Full StoryThe Energy Bill is coming
Full StoryLight has gone out of these community biogas plants
Full StoryMarkets Live: Stocks post early gains
Full StoryConsensus builds on petrol price hike R. SURYAMURTHY Oil drill New Delhi, May 20: A ...
Full StoryMost negatives are already priced in: Sunil Singhania, Reliance Mutual Fund
Full StoryPutin loyalists seen in key posts