Energy Update
FRANKFURT, Aug 16 (Reuters) - European spot power prices
rose on Tuesday as hot weather and low wind was set to give way
to slightly lower temperatures over the next two days in
Germany, the main market, where demand was rising.
YANGON, Aug 16 (Reuters) - Myanmar leader Aung San Suu Kyi
is heading to China on Wednesday for what is likely to be her
government's biggest diplomatic test, with the fate of a
suspended dam project, backed by China but opposed by many
people in Myanmar, in the balance.
SYDNEY, Aug 16 (Reuters) - Too costly to shut down and too
inefficient to include in last year's spin off of unwanted
assets, BHP Billiton's much-maligned Nickel
West division is making a comeback.
SINGAPORE, Aug 16 (Reuters) - Oil prices remained near
five-week highs on Tuesday, fuelled by talk of producers taking
action to prop up the market, although some investors cashed in
during Asian hours on the 16 percent rally since early August.
MOSCOW, Aug 16 (Reuters) - Russia's Finance Ministry will
decide in autumn whether to top up sovereign Eurobond issue,
Konstantin Vyshkovsky, head of the ministry's debt department,
told Reuters.
JAKARTA, Aug 16 (Reuters) - Indonesia's President Joko
Widodo on Tuesday proposed to parliament a 2017 state budget
that has a fiscal deficit at 2.41 percent of gross domestic
product (GDP) and assumes the economy will grow 5.3 percent next
year.
The government's GDP growth target this year is 5.2 percent.
In the second quarter, Indonesia had stronger-than-expected
annual growth of 5.18 percent.
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