Energy Update
BEIJING, July 14 (Reuters) - China said on Thursday it had
issued a formal protest after Australia announced it would
continue to exercise its right to freedom of navigation and
overflight in the South China Sea following a court ruling
against China's claims.
JAIPUR, India, July 14 (Thomson Reuters Foundation) - When
businessman Narendra Sethi first installed solar panels on the
flat roof of his Jaipur home last October, they drew the
attention of more than admiring neighbours.
July 14 (Reuters) - JPMorgan Chase & Co is lending
more and keeping a lid on expenses to combat the scourge of low
interest rates, allowing management to stick to financial goals
for the year.
BRUSSELS, July 14 (Reuters) - European governments are torn
over how to respond to China's defeat in a legal battle over the
South China Sea, fearful of alienating their second-largest
trading partner and hampered by a maritime dispute among their
own members.
SOFIA, July 14 (Reuters) - Bulgaria's state energy company
BEH has mandated JPMorgan and Banca IMI to hold a series
of meetings with investors from Monday as it prepares to sell
bonds worth about 500 million euros ($555 mln), it said on
Thursday.
LONDON, July 14 (Reuters) - U.S. refiners and motor fuel
blenders made too much gasoline during the first half of 2016
and now the market is struggling to clear the resulting overhang
of gasoline stocks.
Morocco is a country undergoing profound changes. The population is growing, and prosperity is rising. Companies are adding locations here. Rural areas are getting connected to the power grid. Demand for energy is expanding, especially for electricity.
NEW YORK, July 14 (Reuters) - Following a damaging El Nino
weather period, a U.S. government weather forecaster on Thursday
said the La Nina weather phenomenon is favored to develop during
August through October 2016.
Thousands of German companies are set to keep their exemptions from payment of green power fees in a shakeup of the nation’s financial support for renewable energy, lawmakers in Berlin said.
NEW YORK, July 14 (Reuters) - A U.S. government weather
forecaster on Thursday said the La Nina weather phenomenon will
likely develop during August through October 2016.
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