This has the potential to open up Brazil’s power sector to private players. As per a Brazilian government source, the Brazilian government’s stake along with other state entities in Centrais Elétricas Brasileiras SA, a power holding company, could be as… Read More ›
The shale oil business is no more a core asset for the company. The development is pregnant with potential. BHP Billiton’s CEO Andrew Mackenzie has disclosed that a number of parties are interested in acquiring the company’s U.S. shale business…. Read More ›
Landlocked Afghanistan has many resources to offer, but they come at significant costs and risks. U.S. President Donald Trump is said to be eyeing Afghanistan’s mineral resources as a way to help fund reconstruction efforts in the impoverished nation and… Read More ›
The move is aimed at boosting Hyundai Merchant Marine’s ranking in the shipping industry. On Monday, Hyundai Merchant Marine’s spokesman disclosed that BlackRock Inc is in talks for a potential investment, the details of which are yet to be ironed… Read More ›
The development marks a rare defeat for investment mogul Warren Buffet. As per a source familiar with the matter at hand, Energy Future Holdings, a bankrupt Texas utility is likely to abandon a deal to sell Oncor, a power transmission… Read More ›
As per officials within the Administration, the theft of U.S. IP is at least $600 million, if not more. Following up on a call by U.S. President Donald Trump earlier this week to determine whether a probe was required into… Read More ›
The contract is aimed at advancing aerospace tech capabilities. The Pentagon has disclosed Lockheed Martin to be one of six companies that will share a $499 million contract for research into aerospace systems aimed at developing new technological capabilities. Its… Read More ›
The development is loaded with geo-political nuances and is strategically important for China. As per three sources with direct knowledge of the discussion, CEFC China Energy, is in preliminary talks with Russian state oil giant Rosneft in order to acquire… Read More ›
Its strategy of having customers place their orders online and have them collect the same from brick and mortar stores, appears to have paid off. On Thursday, Wal-Mart Stores Inc reported its twelfth consecutive rise in quarterly sales. It has… Read More ›
Ericsson has alleged that Wiko infringed on several of its patents for several years depite negotiations from 2013. Swedish mobile gear maker Ericsson has dragged French-Chinese smartphone maker Wiko to court in Germany over patent infringements. On Thursday, Ericsson stated… Read More ›
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