Tuesday, August 11th 2015 - 08:06 UTC

Google restructures creating new parent company, Alphabet

Google founder Larry Page said it would create a simpler structure for what had become a diverse group of businesses.

Google has unveiled a surprise restructuring, creating a new parent company called Alphabet Inc. Under the rebranding, Google will retain its best-known businesses, such as search, apps, YouTube and Android.

Saturday, August 8th 2015 - 10:28 UTC

Shell planning to invest billions in Brazil, despite recent purchase of BG group

CEO Ben Van Beurden remains steadfast in his plans to buy BG, which will transform Shell into the world’s biggest liquefied natural gas (LNG) supplier.

Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group, even as it prepares to sell huge chunks of its business to pay for the $70bn deal.

Friday, August 7th 2015 - 05:55 UTC

Lan and Tam consolidate under an only brand of Latam Airlines

The changes will “gradually become visible” in 2016, though the company has not announced a timeline for all specific elements.

LATAM Airlines Group will consolidate all its carriers, including Lan Airlines and Tam Linhas Aéreas S.A., into a single brand over the next three years, the company announced Thursday. Since Lan and Tam merged in 2012, they've operated as separate brands, but the parent company's goal has been to provide a carrier that can provide seamless coverage to the entire South American continent.

Wednesday, August 5th 2015 - 08:36 UTC

Milestone for Peregrino field off Brazil: 100 million barrels of oil in four years

”We are pleased to have reached a major milestone in our Peregrino operations,” says Pål Eitrheim, country manager of Statoil Brazil.

After just four years in production, the Peregrino field in the Campos basin offshore Brazil has passed a significant milestone, with 100 million barrels of oil produced since April 2011. The field, jointly owned by Statoil and Chinese Sinochem, achieved the milestone on August 2.

Tuesday, August 4th 2015 - 09:27 UTC

Bradesco buys HSBC operations in Brazil for 5.2bn dollars

The deal between Bradesco and Europe's largest bank includes the latter's Brazilian retail banking and insurance units.

Brazil's Banco Bradesco SA agreed to buy HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy.

Monday, August 3rd 2015 - 14:04 UTC

Two new 180.000GT vessels for Costa Cruises powered by liquefied natural gas

Carnival Corporation’s four next-generation cruise ships for Costa Cruises and AIDA Cruises will be the first in the industry to be powered at sea by LNG

Carnival Corporation & plc announced that its Italian brand, Costa Cruises, has placed orders for two new cruise ships powered by liquefied natural gas as part of an agreement with Meyer Werft to build four next-generation cruise ships with the largest guest capacity in the world.

Saturday, August 1st 2015 - 10:23 UTC

China delivers 'green' state of the art 18.000 TEU 'Vasco de Gama'

 Calling 11 different countries, UK-flagged CMA CGM Vasco da Gama is positioned on the CMA CGM Group's French Asia Line joining Europe to Asia.

Shipping group CMA CGM has taken delivery of the new build box ship CMA CGM Vasco de Gama on July 27. Built by China State Shipbuilding Corporation (CSSC), the 18,000 TEUs vessel, with its 399 meters length and 54 meters width, is the largest ship in the CMA CGM fleet and the largest containership ever built in a Chinese shipyard.

Thursday, July 30th 2015 - 22:31 UTC

UK Overseas Territories agree on a 'unified front' for December's JMC in London

The participants of the meeting in Hamilton pose for the 'family picture' at the end of discussions

Leaders of several British Overseas Territories meeting in Bermuda released a joint statement following a Pre-Joint Ministerial Council two-day meeting held last week in Hamilton. The goal of the international gathering was to discuss matters of common interest in order to present a unified front next December at the JMC in London.

Thursday, July 30th 2015 - 22:28 UTC

For the sixth straight time, Brazil raises interest rate 50 points to 14.25%

Copom said keeping rates at 14.25% level for a sufficiently long period of time was needed for inflation to converge to the target in late 2016.

Brazil's central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.

Thursday, July 30th 2015 - 15:55 UTC

Warren Buffett And Elon Musk To Spark A Lithium Boom

Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for lithium use will be in electric vehicles

The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery giga-factory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor's radar. It has been easy to take lithium for granted.


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