GE economists estimate that the wave of innovation unleashed by the industrial Internet could boost global GDP by as much as $10 trillion to $15 trillion over the next 20 years. The conglomerate recently launched Predix, a software development platform engineers can use to create applications for any machine connected to the industrial Internet.
Read more at: http://www.cnbc.com/id/101599574
Ontario Teachers’ Pension Plan, the largest pension manager in Canada’s most populous province, is partnering with GE Aviation and the Japanese government to finance an engine for Boeing Co.’s newest airliner.
Read more at: http://www.businessweek.com/news/2014-04-21/ontario-pension-teams-with-bank-of-japan-on-ge-engine-for-boeing
According to data from the World Bank, Indonesia’s exports of goods and services were about 24% of its GDP in 2012, and its main exports are coal briquettes, petroleum gas, palm oil, rubber, and crude petroleum. Indonesia’s top trading partners are Japan, China, the U.S., Singapore, and South Korea.
Read more at: http://marketrealist.com/2014/04/analyzing-indonesias-nickel-ore-export-ban-on-dry-bulk-shippers/
Jakarta. Indonesia is likely to post a modest trade surplus in February, which could relieve some pressure on the country’s beleaguered currency, while inflation eases on lower food prices.
A Reuters poll of 14 analysts projected a trade surplus of $60 million in February, after a shortfall in exports flipped the trade balance into a deficit of $440 million in January.
Southeast Asia’s largest economy has benefited from the recent recovery in commodity prices such as crude palm oil, coal and processed minerals, as well as stronger manufacturing exports.
Read more at: http://www.thejakartaglobe.com/business/indonesia-may-post-trade-surplus-stronger-commodity-prices/
The Obama administration will consider the turmoil in Ukraine as it weighs whether to approve additional exports of natural gas to blunt Russia’s dominance as an energy supplier.
Geopolitics and the effect on global markets are issues the department considers in reviewing applications from companies to build natural gas export terminals, Energy Secretary Ernest Moniz said today.
Read more at: http://www.telegram.com/article/20140321/NEWS/303219688/1237
Sub-Saharan Africa is lagging behind other developing economies with regard to infrastructure development, which is constraining growth, Genesis Analytics economist Mitali Nikore said on Tuesday.
“We don’t expect any serious consequences as a result of the current situation, partly because any sanctions would be a double-edged sword, and it’s not clear who will get hurt more,” Vladimir Potanin said. “But we were not surprised and we are reasonably prepared [for further sanctions].”
Read more at: http://online.wsj.com/article/DN-CO-20140320-004663.html
Companies with investments in Russia — such as General Electric Co. and Boeing Co. — are growing concerned as the U.S. prepares to impose tougher sanctions over the crisis in Crimea that may spur retribution against corporate interests.
Almost 100 chief executive officers with the Business Roundtable are set to meet in Washington today with Defense Secretary Chuck Hagel, said John Engler, the group’s president and former governor of Michigan. He said there’s “no doubt” that the sanctions will be on the agenda.
Graphite, lithium, rare earths and potash companies were among the industrial minerals companies which gathered in Toronto this week for the Prospectors and Developers Association Canada (PDAC) congress.
There was, without a doubt, an extreme shift in sentiment on the floor. Although there were fewer attendees — this year 25,122 people attended, compared to 30,147 attendees in 2013 — and less exhibitors, the mood was decidedly less gloomy.
Not only were attendees more upbeat, but the level of engagement was more serious. Developers in the industry can no longer get away with claiming to be the biggest and the best in the industry without backing up their claims with cold hard facts.
Read more at: http://www.indmin.com/Article/3317164/PDAC-14-A-mood-shift-as-paper-plays-fall-to-the-ground.html
This was revealed during a meeting between Dr. Gervais Rufyikiri, Burundi Second Vice-President and a visiting AfDB consultation mission last week.
The mission was headed by Mohamed Rafique Jusob Mohamed, Executive Director at the AfDB in charge for Angola, Mozambique, Namibia and Zimbabwe. Their job was to evaluate the progress of projects funded by the AfDB and the level achieved by Burundi in its economic development.
During the meeting, Rafique congratulated Burundi for progress to date. He said their mission will formulate recommendations to be presented to the Board of Directors during their meeting scheduled in May.
Read more at:http://www.busiweek.com/index1.php?Ctp=2&pI=765&pLv=3&srI=75&spI=116&cI=10
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