February, 2018

• 19 February

  Indonesia keen to lure European, US oil giants for massive investment

  

  Bloomberg Indonesia will hold roadshows in the US and Europe later this month to lure investments from the world’s top energy companies as the former OPEC member seeks to reverse a decline in oil and gas production. The Energy and Mineral Resources Ministry is seeking bids for 24 oil and gas blocks, 1 coal-bed methane block and 1 shale block, ...

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• 19 February

  Australian renewable giant Snowy Hydro mulls raising $1.6bn

  

  Bloomberg Snowy Hydro Ltd., Australia’s largest hydropower producer, is considering raising as much as A$2 billion ($1.6 billion) by the end of 2018 for a project expansion, which will boost its 4,100 megawatt capacity by as much as 50 percent. The company, jointly owned by the federal government and the Victorian and New South Wales state governments, has begun talks ...

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• 19 February

  Oil finds relief in weaker dollar as equities recover

  Bloomberg Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout. Futures rose as much as 1.4 percent in New York after advancing 4.2 percent last week, propped up by a relief rally that helped US equities to their best ...

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• 19 February

  Electric car goal in India seen creating cyber-security risk

  

  Bloomberg India’s dependence on imported components for electric vehicles could make the country vulnerable to cyber-security breaches, according to the government’s chief policy think-tank. India should manufacture the majority of the parts needed for its electric vehicle fleet as equipment shipped from overseas could be compromised, VK Saraswat, a member of the think tank, Niti Aayog, said. All of the ...

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• 19 February

  British tycoon unveils plans for hyperloop in India

  Bloomberg British tycoon Richard Branson-backed Virgin Hyperloop One is proposing to build a super-fast transportation system in India that would connect the city of Pune with the planned new airport in Mumbai in 25 minutes, saving about three hours. The founder of Virgin Group signed a preliminary agreement in Mumbai for a broad hyperloop framework, the company said. A demonstration ...

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• 19 February

  Singapore property stocks show ‘fatigue’

  Bloomberg A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say. Collective apartment sales in the first two months of 2018 totaled over $2.4 billion, almost twice the S$1.66 billion seen ...

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• 19 February

  Noble flags $5bn loss

  

  Bloomberg Noble Group Ltd., the commodity trader battling to survive, warned that it’ll report another vast loss including from the operations meant to sustain a revamped business, and while it signalled progress in debt-restructuring talks, hurdles to a deal remain. The Hong Kong-based company will report a net loss of $1.73 billion to $1.93 billion for the final quarter of ...

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• 19 February

  Chinese, Indian tourism to Australia hits record high

  

  Bloomberg Chinese and Indian tourist arrivals in Australia jumped to a record in 2017 as growing middle-class wealth in the world’s most populous nations fuels the travel bug. Almost 1.4 million visitors from mainland China travelled to Australia in 2017, a 13 percent increase from a year earlier, according to the Australian Bureau of Statistics. Tourists from India climbed to ...

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• 19 February

  US-led group mulls Asia infrastructure effort

  

  Bloomberg Australia, India, Japan and the US are discussing a joint infrastructure plan, Australian Foreign Minister Julie Bishop said, as China’s own building initiative deepens its economic clout across Asia. Senior officials from the four Group of 20 nations have discussed “a range of opportunities and challenges,” Bishop told Sky News in an interview that aired on Monday ahead of ...

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• 19 February

  Siemens to sell Healthineers stake in IPO in first half of 2018

  

  Bloomberg Siemens AG will press ahead with an initial public offering of its health-care unit as CEO Joe Kaeser unloads another key business at Europe’s largest engineering company. The IPO of “a meaningful minority share” in Siemens Healthineers, as the company is known, will be completed in the first half of the year on the Frankfurt Stock Exchange, subject to ...

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