Monday , September 25 2017

News

Australia urges AGL to extend life of coal-fired plant

Australia urges AGL to extend life of coal-fired Liddell plant copy

Bloomberg Australia’s government is keeping the pressure on AGL Energy Ltd. to extend the life of its Liddell coal-fired power station. Energy Minister Josh Frydenberg and Treasury Scott Morrison separately reiterated on Sunday the importance of the Liddell plant continuing to operate past 2022, when the Sydney-based company has said ...

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Apple-backed billionaire makes case to buy Toshiba chip unit

epa05965493 The logo of Toshiba Corp. is displayed at its headquarters in Tokyo, Japan, 15 May 2017. Toshiba announced on 15 May, its financial results for the 2016 fiscal year, showing that the consolidated net loss rose to 950 billion yen (around 8.3 billion US dollars), after the losses in its nuclear power plant in the US.  EPA/KIMIMASA MAYAMA

Bloomberg Terry Gou, the billionaire behind Apple Inc.’s iPhone factories, is pressing his case to acquire Toshiba Corp.’s memory chips business for $19.5 billion in a last-ditch effort to beat out two American buyout firms in the tumultuous auction. Gou’s Foxconn Technology Group has broad support for its offer from ...

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Chinese bonds get no mention in $1 trillion fund’s new strategy

epa02399312 An attend walks past a sign of China's currency Yuan Renminbi (RMB) during the launch ceremony of China Development Bank Renminbi-denominated Bonds issued in Hong Kong, China, 18 October 2010. China Development Bank (CDB) launches its third Renminbi-denominated bond which is offered to both institutional and retail investors.  EPA/YM YIK

Bloomberg China’s bond market may be the world’s third largest, but when it comes to luring foreign investors, Beijing has a long road ahead. Norges Bank Investment Management, steward of the world’s largest sovereign wealth fund, proposed last week to limit its benchmark index for bond holdings to just three ...

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