Energy Update
--Clyde Russell is a Reuters columnist.
China’s $45 billion push into Pakistan is skirting one of the Indian subcontinent’s most dangerous flashpoints. The proposed 4,500-megawatt Diamer Bhasha hydropower plant would eliminate about half of Pakistan’s power shortfall and irrigate millions of acres of parched farmland. While both the U.S. and China have promised to help Pakistan court private investors for the dam, they’ve resisted putting up the cash themselves.
LAGOS, April 27 (Reuters) - The road leading to the Lagos port, which handles nearly everything that Africa's biggest economy imports, is one of the most congested in a megacity whose traffic jams are legendary.
April 27 (Reuters) - Precision Drilling Corp reported a better-than-expected quarterly profit as job cuts and other cost-cutting measures helped Canada's largest drilling contractor maintain margins despite a steep decline in drilling activities.
LONDON, April 27 (Reuters) - Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.
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