Energy Update
With speculation swirling over possible production freeze talks, OPEC on August 8 appeared to throw cold water on the idea, sounding an optimistic tone about the oil market.
LONDON, Aug 9 (Reuters) - Britain on Tuesday defended its
decision to review a planned $24 billion nuclear power project
after criticism from China which is helping to fund the deal.
MUMBAI, Aug 9 (Reuters) - Hindustan Zinc Ltd, a
subsidiary of billionaire Anil Agarwal's mining conglomerate
Vedanta Ltd, aims to double silver output in five
years due to rising prices and increased demand from solar panel
makers.
FRANKFURT, Aug 9 (Reuters) - European prompt power prices
fell on Tuesday on forecasts of higher solar and wind power
output in Germany, more nuclear reactor capacity in France, and
lower demand.
LONDON, Aug 9 (Reuters) - British supermarket WM Morrison
agreed improved terms with its online partner Ocado
which will allow it to extend home delivery across the
country using its own stores to provide some products.
TOKYO, Aug 9 (Reuters) - The founding family of Japan's
Idemitsu Kosan Co Ltd has made a fresh call on
management to give up its plan to merge with rival oil refiner
Showa Shell Sekiyu KK.
Aug 9 (Reuters) - Oilfield services company Amec Foster
Wheeler Plc reported a first-half pretax loss, hurt by
restructuring charges on its oil and gas business in the
Americas and impairment charges in its global power group
business.
LONDON, Aug 9 (Reuters) - British supermarket WM Morrison
said on Tuesday it had agreed new terms with its online
partner Ocado which will see it extend home delivery
across the country using its own stores to pick products.
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