Emirates Business Gobi Coal & Energy (Gobi Coal) has announced its ongoing strategic initiative to expand across the energy resources value chain into hard coking coal, coking coal mine consolidation, and graphite and uranium development and mining both inside and outside of Mongolia. During 2015, Gobi Coal successfully completed a drilling program at its primary coking coal mine at Shinejinst. ...
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Japan plans biggest test of carbon capture north of quake site
Bloomberg Japan is preparing to test its biggest project yet for capturing and storing greenhouse gas pollution under the seabed despite concerns about cost and the safety of pursuing the technology in a region prone to earthquakes. Engineers plan to inject carbon dioxide into deep saline aquifers off the coast of Hokkaido at the northern tip of the nation starting ...
Read More »China’s growing ties with Serbia
On February 5, 2016, Chinese President Xi Jinping made an official statement acknowledging Serbian statehood day. In the press release that followed, Xi highlighted deepened cooperation between China and Serbia in recent years, and reaffirmed China’s intentions to expand economic links with Serbia in the years to come. This statement came on the heels of announcement by Chinese ambassador to ...
Read More »EU must recognize Kosovo, or pay a heavy price
Eight years after Kosovo declared its independence from Serbia, five European Union states still refuse to recognize it. They need to relent. They are contributing to an economic and security sinkhole in the heart of the Balkans — and if history is any guide, that’s a bad idea. During a chat with Kosovo’s Prime Minister Isa Mustafa as he passed ...
Read More »Stocks drop with US futures as G-20 underwhelms; Yen rises
Bloomberg Asian and European stocks fell with U.S. equity futures after Group of 20 finance chiefs made only vague commitments to spur growth at a Shanghai meeting. Japan’s yen rose with gold as haven assets were favoured. The MSCI Asia Pacific Index slipped to a one-week low and the Stoxx Europe 600 Index declined for the first time in three ...
Read More »Emirates Securities Market up by 1.56percent
ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.56% to close at 4356.37 points. Accordingly the Market Capitalization has gained AED 10.82 billion AED attaining AED 706.66 billion. A total of 1.63 billion Shares were traded with a total value of AED 2.05 billion during the trading session of 2016-02-29 through 17932 transactions. The number of companies ...
Read More »â€˜Vampire’ Chinese firms inflict losses on banks
BEIJING / Bloomberg The Chinese economy is pock-marked with companies that can’t pay their bills and survive only with government help. Jiangshi, the Chinese call them — ‘vampire companies’ or ‘zombies’. These ghoulish companies and their debts are hindering the world’s second-biggest economy and will likely do so for years. Companies that miss debt payments inflict losses on banks, which then ...
Read More »Barclays faces investment bank litmus test in Africa
Bloomberg Barclays Plc Chief Executive Officer Jes Staley, poised to announce the fate of the lender’s African business, must convince investors he can improve the investment bank’s profits just as slumping trading revenue batters the industry. Staley is leaning toward maintaining the securities unit without pursuing a major restructuring or spinning off the business, according to people familiar with the ...
Read More »Zheshang Bank to delay testing $1bn IPO interest
Bloomberg China Zheshang Bank Co. postponed gauging demand for a $1 billion Hong Kong initial public offering, after stock buyers reported difficulty transferring money out of mainland China, people familiar with the matter said. Potential cornerstone investors from China told deal arrangers they couldn’t get timely regulatory approval to send money across the border, according to the people, who asked ...
Read More »ECB window for stimulus message closing as prices skid
BLOOMBERG For the next three days,European Central Bank (ECB) officials will walk a communications tightrope. With the latest inflation figures showing the return of price declines, the window of opportunity is closing for the ECB to signal any stimulus intentions for its March 10 decision before a self-imposed quiet period starts on Thursday. Executive Board member Benoit Coeure, the architect ...
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