#WASHINGTON: The #FederalReserve on Monday announced it was extending through Oct 30 the public comment period for an application by #U.S. banking giant #GoldmanSachs Group Inc (GS.N) to acquire assets and liabilities from #GE Capital Bank.
Read more at: http://www.reuters.com/article/2015/10/05/us-goldman-sachs-ge-capital-bk-fed-idUSKCN0RZ2CE20151005
#Metals #Miner #NorilskNickel is set Tuesday to become the first #Russian company to issue a bond in #U.S. #Dollars in over nine months, according to a deal notice seen by The #WallStreetJournal.
The company would have to pay a semiannual interest rate of around 7% on a bond that would come due in October 2022, according to initial pricing guidance provided in the deal notice. The bond is expected to be priced later on Tuesday, the deal notice said.
Read more at: http://www.wsj.com/articles/russian-metals-miner-to-issue-dollar-bond-says-deal-notice-1444127145
#Glencore Plc rallied for a fourth day in #HongKong to lead mining stocks higher on rising confidence that the commodity giant can handle its debt burden even as raw materials languish and investors foresee #U.S. interest rates staying lower for longer.
Read more at: http://www.bloomberg.com/news/articles/2015-10-06/glencore-rallies-fourth-day-in-hong-kong-as-debt-concerns-ease
One side-story to the biggest headlines in corporate #Europe, #Glencore PLC and #Volkswagen AG, is a minor metal called #Cobalt.
Some analysts believe that the price of this metal, used in #Phones and #CarBatteries, will rise when beleaguered commodity’s giant Glencore closes down mines responsible for 5% of global supply as it seeks to cut costs. And some investors are betting that increased demand for #ElectricCars in the wake of the Volkswagen emissions scandal will also boost cobalt.
Read more at: http://www.nasdaq.com/article/cobalts-luck-could-come-from-volkswagen-glencore-troubles-20151005-00700#ixzz3nmd8gemQ
#Canada has a chance to add a new dimension to its #Energy economy – one that is clean, profitable and globally groundbreaking.
The opportunity is #ElectricityStorage, which until now has been limited by technology to a relatively modest scale. That’s about to change. And it means that Canada – and specifically #Ontario – can become an ideal seedbed for storage technology, because there are ready markets for both large- and small-scale storage systems.
Read more at: http://www.theglobeandmail.com/report-on-business/rob-commentary/energy-storage-its-canadas-moment/article26649669/
#Toronto doctor #JulielynnWong travelled to the habitat last December, her bag held a rather bulky item: a #3DPrinter. She wanted to test what tools can be fabricated on the fly to treat ill or injured #Astronauts.
So the idea was, hey, why don’t I look at the #Medical inventory for #Space missions and see what’s 3D printable — just try to convert everything from hardware into something that’s virtual?” says Wong. In addition, she decided to power the device with #SolarPanels — a likely #Martian energy source. “Using #3DPrinters for space #Medicine is transformative.”
Read more at: http://www.thestar.com/news/world/2015/10/05/toronto-doctor-using-3d-printer-to-solve-the-problems-of-space-travel.html
#ManojBhargava, CEO of Renew Enhanced Circulation, demonstrates how the “free electric bicylce” generates and stores #Electricity at the lab in Famington Hills, Mich. on Thursday, Oct. 1, 2015.
Bhargava, 62, born in #India and a metro #Detroit resident since 1997, is the narrator and central figure in the film, which pegs his net worth at $4 billion and says he plans to give 99% of it to charity.
Read more at: http://www.usatoday.com/story/money/nation-now/2015/10/04/5-hour-energy-creator-innovation/73339066/
An #Aircraft powered by one of its engines takes off somewhere in the world every two seconds. In the #US, six of its light bulbs are sold every second. It employs more than 300,000 people in 175 countries.
And it is the only company to have been a member of the #DowJones’ index of the US’s 30 biggest companies since its inception in 1896.
#GE born from the brainchild of #ThomasEdison’s first electric light company in the late 1880s is one of those companies most people have heard of, but few could tell you what it does.
Read more at: https://uk.finance.yahoo.com/news/visionary-rebuilding-ge-scratch-become-200021045.html
The #UnitedArabEmirates is moving ahead with its #Oil and #Gas investments despite the current drop in oil prices and expects no delays in plans to boost its crude output potential by 2017, the country’s energy minister said on Sunday.
Read more at: http://gulfbusiness.com/2015/10/uae-spend-35bn-diversify-energy-sources-minister/#.VhE0pjZRGUk
If the #London listed commodities trader and miner, #Glencore, is to avoid the same fate as the infamous #WallStreet bank, it will require the unwavering support of its largest shareholder, #QatarHoldings.
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