Energy Update
CAPE TOWN, Nov 22 (Reuters) - South Africa's government has
slowed its nuclear power expansion plans, according to a draft
energy paper, although state energy utility Eskom said the
country should stick to its original plan of bringing a new
plant online by 2025.
LAUNCESTON, Australia, Nov 22 (Reuters) - It may be a tad
early to call a peak in the price of thermal coal in
top-consuming region Asia, but at the very least the momentum
seems to have been lost from a commodity that has surged some
130 percent in the past 10 months.
JAKARTA, Nov 22 (Reuters) - Indonesia will cut the royalty
charged on sales of processed and refined nickel to 2 percent, a
mining ministry official said on Tuesday, part of a revision of
government rules on non-tax revenue from the coal and minerals
sector.
BEIRUT, Nov 22 (Reuters) - Syria needs wheat and fuel to
alleviate shortages and suffering caused by its civil war and
wants to expand trade ties with Russia, the Syrian government
told a high-level Russian delegation on Tuesday.
MOSCOW, Nov 22 (Reuters) - Russian President Vladimir Putin
has "rather good relations" with French centre-right
presidential candidate Francois Fillon, Kremlin spokesman Dmitry
Peskov said on Tuesday.
BUDAPEST, Nov 22 (Reuters) - OPEC should allow Iraq to
continue raising output with no restrictions, Foreign Minister
Ibrahim al-Jafari told reporters in Budapest on Tuesday,
commenting on a plan by the organisation to limit supply in
order to support prices.
HANOI, Nov 22 (Reuters) - Vietnam's National Assembly voted
on Tuesday to scrap plans to build two multi-billion-dollar
nuclear power plants with Russia and Japan, parliament delegates
said, after government officials cited lower demand forecasts,
rising costs and safety concerns.
Nov 22 (Reuters) - Compass Group Plc, the world's
biggest catering firm, forecast slower revenue growth for the
first half of its fiscal year, as ongoing weakness among
commodity clients slowed its quarterly revenue growth rate and
sent its stock down 4 percent.
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