The Palmer United Party leader has filed a new legal case in which he has levelled claims of “unconscionable conduct” against China’s top business leader, Chang Zhenming, along with other Chinese and Australian executives of the Beijing-owned global giant Citic.
Read more at: http://www.theaustralian.com.au/business/clive-palmer-blames-beijing-for-nickel-refinery-woes/story-e6frg8zx-1227497269870
The evidence from both shipping and factory activity is that the Chinese economy is in trouble and, if it is, that’s bound to have further consequences for already depressed commodity markets.
Read more at: https://uk.finance.yahoo.com/news/china-syndrome-threatens-markets-meltdown-141357484.html
– See more at: http://www.thejakartapost.com/news/2015/08/22/freeport-still-unable-export-concentrates.html#sthash.fD6l08aW.dpuf
Has the Clean Power Plan given nuclear energy the fuel it needs to win market acceptance? Beyond that government regulation, the Department of Energy is continuing to dole out part of a $217 million award to the maker of small nuclear reactors — ones that can be assembled in a factory and later scaled up.
Read more at: http://www.forbes.com/sites/kensilverstein/2015/08/22/will-markets-welcome-smaller-and-less-costly-nuclear-reactors/
General Electric Co. agreed to build a 30-megawatt energy-storage system in Southern California, its biggest battery deal to date.
Read more at: http://www.bloomberg.com/news/articles/2015-08-20/ge-to-build-its-largest-battery-storage-system-in-california
Western Areas chief executive Dan Lougher said its cost cutting regime insulated it from the weak nickel price.
Read more at: https://au.news.yahoo.com/thewest/wa/a/29307913/western-areas-ignores-nickel-headwinds/
Glencore chief executive Ivan Glasenberg has conceded he cannot “read” the Chinese economy at the moment, and had been “surprised” by the savage downturn in commodity prices over the past six months.
The frank admissions, which are at odds with Mr Glasenberg’s reputation for market wisdom, came after Glencore’s balance sheet collapsed into a $US676 million statutory loss.
NEW DELHI: To take India – U.S. relationship a step ahead US announced more grants will be available for innovative, early-stage off-grid clean energy projects. U.S. Ambassador to India Richard Verma announced today that up to $2 million in grants will be made available for innovative, early-stage off-grid clean energy projects in the first round of the the U.S.-India Partnership to Advance Clean Energy (PACE) setter Fund, a joint 50 crore rupee ($7.9 million) fund established in June by the Governments of India and the United States to accelerate the commercialization of off-grid clean energy solutions.
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