Energy Update
RIO DE JANEIRO, Aug 31 (Reuters) - Brazilian oil company Petroleo Brasileiro SA said on Wednesday it will spend 10.5 million reais ($3.25 million) to buy marketing rights to the financially troubled Rio de Janeiro Paralympic Games.
BRASILIA, Aug 31 (Reuters) - Brazil's Senate ousted
President Dilma Rousseff on Wednesday, ending an impeachment
process that polarized Latin America's biggest country amid a
massive corruption scandal and brutal economic crisis.
Aug 31 (Reuters) - Facing a severe cash crunch, Tesla Motors
Inc plans to raise additional money this year to help
fund development and production of its new Model 3 sedan and
build out a massive battery factory, the company said on
Wednesday.
TORONTO, Aug 31 (Reuters) - Canada's main stock index fell
on Wednesday as lower oil and gold prices weighed on energy
companies and miners, while financial and other interest
rate-sensitive stocks slipped as investors considered the likely
path of U.S. interest rates.
As the water levels in dams in South Africa continue to dwindle, the 2015 Zimbabwe Humanitarian Situation Report notes that water levels in all of Zimbabwe’s seven catchment areas are about 18%, their worst levels in decades.
TAMPA, Fla., Aug 31 (Reuters) - A tropical storm developing
in the Gulf of Mexico could produce near hurricane-force winds
by the time it makes landfall in Florida, the National Hurricane
Center said on Wednesday.
OTTAWA, Aug 31 (Reuters) - Canada's economy shrank in the
second quarter, its worst showing in seven years, hurt by a drop
in exports and a disruption to oil production caused by
wildfires in Alberta, though growth was seen as likely to
rebound later this year.
MADRID/FRANKFURT/PARIS, Aug 31 (Reuters) - French nuclear
power engineering group Areva has rejected a
non-binding offer from General Electric for assets
belonging to the Adwen offshore wind power joint venture between
Gamesa and Areva, sources close to the talks have told
Reuters.
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