Energy Update
NEW YORK, Oct 21 (Reuters) - A group of SunEdison Inc
lenders took control of the renewable energy
developer after inking a "sweetheart deal" to try to save their
investment as the company approached bankruptcy, hurting other
creditors, according to a lawsuit filed late Thursday in U.S.
bankruptcy court.
BAKU, Oct 21 (Reuters) - Oil and gas exporter Azerbaijan
said on Friday its economy would contract by 2.8 percent this
year, dramatically revising down its previous forecast, which
was for gross domestic product to grow 1.8 percent in 2016.
MUMBAI, Oct 21 (Reuters) - India's telecoms regulator on
Friday recommended the country's top three network operators be
fined a combined 30.5 billion rupees ($456 million) after it
found they were denying new entrant Reliance Jio sufficient
interconnection points.
TORONTO, Oct 21 (Reuters) - Canada's main stock index rose
to a 16-month high on Friday as shares of energy and materials
companies gained ground and investors speculated on a rate cut
from the Bank of Canada.
ATHENS, Oct 21 (Reuters) - Greece's power utility PPC
has received two binding bids for a 24 percent stake
in power grid operator ADMIE, an energy ministry source told
Reuters on Friday.
LAGOS, Oct 21 (Reuters) - MTN did not break Nigeria's
currency transfer rules, the South African telecoms firm said on
Friday, denying allegations it illegally repatriated $14 billion
in a row analysts say exposes the inherent risk of investing in
frontier markets.
PARIS/SAO PAULO, Oct 21 (Reuters) - France's Tereos
has started talks to acquire Petroleo Brasileiro SA's
45.9 percent minority stake in their joint venture
Guarani, as Brazil's state-owned oil firm proceeds with plans to
quit its biofuel activities.
KIRKUK, Iraq, Oct 21 (Reuters) - Islamic State militants
attacked a power station and other buildings in the northeastern
Iraqi oil city of Kirkuk early on Friday, killing at least 18
people, security sources said.
PARIS, Oct 21 (Reuters) - French sugar group Tereos said on
Friday it has entered into negotiations to acquire Petroleo
Brasileiro SA's 45.9 percent minority stake in
Brazilian-based Guarani, confirming an earlier announcement by
Petrobras.
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