Monday, Nov 25, 2024

International Finance

Tag : energy

Commodity

The resurgence of Atlantis

International Finance Desk
by International Finance Desk
Post-apartheid, the town lost its industries, but is now becoming a key manufacturing hub for the renewable energy sector in South Africa Miriam Mannak Situated 50km north of Cape Town, on the southern edge of the West Coast, lies Atlantis. Developed in the 1970s as a self-contained industrial backwater annex residential area for people of...
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Economy

Saudi Arabia cuts back its solar target

International Finance Desk
by International Finance Desk
No concrete reason given; wants to concentrate on gas Suparna Goswami Bhattacharya June 28, 2016: In a move that has surprised many, Saudi Arabia has scaled back its renewable power targets as the world’s largest producer of oil plans to use more natural gas, backing away from goals set when crude prices were about triple...
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Business Leaders

Saudi oil minister removed after 20 years in the job

International Finance Desk
by International Finance Desk
He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...
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Economy

China: Going with the wind

International Finance Desk
by International Finance Desk
There are economic factors behind Asian giant’s interest in wind energy Suparna Goswami Bhattacharya January 11, 2016: China has begun a new journey. The journey towards a greener future. And it is not surprising given the fact that the country emits 23.42% of global CO2 emissions as per a report by GermanWatch, a non-profit organisation...
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Economy

The Icelandic economy is back on its feet

International Finance Desk
by International Finance Desk
In the aftermath of the financial crisis, the boom in the tourism sector has had a major economic impact June 10, 2015: In the past 20 years, the Icelandic economy has gone through a wild boom and bust roller coaster ride. The economy is very small by most comparisons; the number of inhabitants is only...
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Economy

Argentina: Russia’s new market

International Finance Desk
by International Finance Desk
The South American country is in a good position to capitalise on President Putin’s embargo on food imports from Europe and Western nations Kamilia Lahrichi November 14, 2014: Russian businessmen met their Argentinian counterparts in Buenos Aires on November 11 to discuss investment projects in the energy, nuclear and mining industries, as Moscow seeks to...
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Economy

Rainbow Nation’s energy sector is getting greener

International Finance Desk
by International Finance Desk
Since the 2008 energy crisis, South Africa has been trying to reduce dependency on coal Miriam Mannak October 3, 2014: Africa’s second largest economy is a land of abundance, boasting vast reserves of coal, platinum, and gold. The country’s natural wealth isn’t, however, confined to the depths below the earth’s surface. She is also blessed...
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Economy

Trina Solar in power project in Chile

International Finance Desk
by International Finance Desk
Will Supply 70MW high efficiency modules September 10, 2014: Trina Solar Limited (NYSE: TSL), a global leader in photovoltaic (PV) modules, solutions, and services, on Wednesday announced it has agreed to supply 70MW high efficiency modules to a large-scale solar power project in Chile. Under the terms of the agreement, Trina Solar will deliver TSM-PC14...
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