Qatar’s telecommunications sector is becoming increasingly competitive, both domestically and on the international stage.
The recently released Global Competitiveness Report 2009-10, prepared by the World Economic Forum (WEF), ranked Qatar as the most competitive economy in the Middle East and North Africa region, and 22nd overall out of the 133 countries assessed.
The country scored highly in [...]
Trina Solar Limited has announced that it has extended its eight year long-term supply agreement with Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd
Under the adjusted terms of this agreement, the total consideration will remain unchanged from the combined total of the original and supplemental agreements signed in 2008, whereas additional polysilicon and wafer deliveries [...]
September 27, 2009 | Posted in
BRIC |
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President Obama, hosting the G20 meetings that kick off today in Pittsburgh, has asked Indonesian President Susilo Bambang Yudhoyono to deliver a presentation on his country’s elimination of fuel price subsidies, replacing them with needs-based grants to poor consumers.
The U.S. estimates that if developing countries were to follow Indonesia’s example they could reduce fossil [...]
September 26, 2009 | Posted in
Market News |
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A lot of cross currents in the solar patch the past week; to reiterate, I like the “sector” in terms of long-term growth (U.S. and China have yet to begin to scratch the surface of ultimate demand) but I find investing in the sector a high risk game akin to gambling.
Most of these stocks [...]
September 19, 2009 | Posted in
Energy |
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A total of A$40 million has been raised by Toro Energy Ltd as the emerging uranium project developer forges ahead to have first production from its key Western Australian uranium project by 2012.
Proceeds from the capital raising will be sufficient to fund all approvals and completion of a bankable feasibility study by 2011 for Toro’s Wiluna Uranium Project in [...]
September 18, 2009 | Posted in
Mining & Materials |
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State controlled banking behemoth Banco de Brasil has been involved in a three way battle with it’s private peers Itau-Unibanco (NYSE:ITUB) & Banco de Bradesco (NYSE:BBD) for some time for dominance in the growing domestic banking sector. Having surpassed ITUB in the second quarter, mainly due to lower interest rates attracting borrowers, Banco de Brasil [...]
September 18, 2009 | Posted in
Banking & Finance |
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Anadarko Petroleum Corporation has announced a deepwater discovery at the Venus exploration well in a new block offshore Sierra Leone.
The Venus B-1 well was drilled to a total depth of approximately 18,500 feet in about 5,900 feet of water and encountered more than 45 net feet of hydrocarbon pay. Venus is the first deepwater [...]
September 17, 2009 | Posted in
Energy |
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French communications and entertainment group Vivendi has launched a takeover bid for Brazilian broadband operator GVT, valuing the company at BRL 5.4 billion (EUR 2.0 billion).
The move shifts Vivendi’s telecoms focus from France’s SFR and Africa, where it controls a number of operators through Moroccan incumbent Maroc Telecom, to a new market where it [...]
Russia has surpassed Saudi Arabia in oil exports for the first time since the collapse of the Soviet Union as the Kremlin exploits OPEC production cuts to gain market share.
Russian exports rose to 7.4 million barrels a day in Q2, from 7.25 million in Q1, according to Energy Ministry data. Saudi shipments have fallen to [...]
September 16, 2009 | Posted in
Energy |
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HARMONY Gold Mining & DRD Gold yesterday withdrew their seven-year-long complaint against ArcelorMittal for charging excessive prices for steel products in a case that could have cost ArcelorMittal R692m.
The companies said the settlement would be the end of this matter. But a second probe into collusive behaviour among steel companies, including ArcelorMittal , continues.
The second investigation [...]
September 15, 2009 | Posted in
Mining & Materials |
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