Energy Update
SARAJEVO, May 4 (Reuters) - Montenegro's economy is expected
to grow four percent this year, after 3.2 percent in 2015,
driven by big projects in infrastructure and tourism, the
economy minister said on Wednesday.
KHARTOUM, May 4 (Reuters) - Sudan and Saudi Arabia have
agreed to start exploring for mineral resources, including
silver and gold, in the Red Sea by 2020, Sudanese Minister of
Minerals Ahmed Sadiq al-Karouri said on Wednesday.
VIENNA, May 4 (Reuters) - Austria's OMV signed a
memorandum of understanding (MoU) with the National Iranian Oil
Company (NIOC) on Wednesday as it looks to revive its activities
in Iran.
May 4 (Reuters) - U.S. refiner HollyFrontier Corp
reported a 91 percent fall in quarterly profit hurt by a steep
fall in refining margins and lower refinery utilization rate.
PARIS, May 4 (Reuters) - EDF's former chief
financial officer urged to utility to delay a final investment
decision on building Britain's Hinkley Point nuclear plant by at
least three years, he told France's parliament on Wednesday.
DUBAI, May 4 (Reuters) - Stock markets in the Gulf followed
international bourses lower early on Wednesday after oil prices
slipped again overnight and concern about lacklustre global
growth weighed on investors.
COPENHAGEN, May 4 (Reuters) - A.P. Moller-Maersk
returned to profit at its main container shipping
business in the first quarter, helped by cost cutting and a pick
up in volumes, it said on Wednesday.
HONG KONG, May 4 (Reuters) - Dalian Wanda Commercial
Properties, owned by China's richest man Wang Jianlin,
may seek a 'backdoor listing' on the Shanghai stock exchange if
it does not get regulatory approval to launch a planned initial
public offering there soon, according to two people with
knowledge of the matter.
SYDNEY, May 4 (Reuters) - Australian shares sank more than
1.5 percent on Wednesday with resources among the hardest hit,
as fears of further declines in metals prices and a court case
dragged on mining giant BHP Billiton Ltd, and in turn
on the index.
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