China unveiled a mega-project called “One Belt – One Road” which will unleash a regional infrastructure boom by connecting China with Asia, Europe and Africa by land and sea. If completed, it will be the biggest infrastructure undertaking ever built.
read more... 29/06/2015
General Electric will try to convince hesitant EU antitrust regulators of the merits of its 12.4 billion euro (US$13.9 billion) offer for Alstom's electricity unit at a hearing, as stated by the U.S. consortium on Saturday.
read more... 29/06/2015
German industrial conglomerate Siemens is thinking about constructing a new plant in Germany to produce parts for wind turbines, as declared by its chief executive to a German newspaper.
read more... 29/06/2015
Crude futures settled little changed on Friday after signs that Greece might reach a deal by the weekend to avert a Greek debt default, while Iran struggled to ink a nuclear agreement to halt sanctions on its oil exports. Brent posted a modest rise after declining for two consecutive days, while WTI crude prolonged its downward trend after indications that the country's oil rig count may start increasing soon. Brent crude boosted 6 cents, or 0.1 percent, to settle at $63.26 a barrel. U.S. crude eased 7 cents, or 0.1 percent, to close at $59.63.
read more... 29/06/2015
Russia is expected to slash its natural gas deliveries via Ukraine by about 18% this year, declared the Ukrainian gas transit monopoly Ukrtransgaz.
read more... 26/06/2015