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Energy

IMF Director Christine Lagarde Holds Meeting In Nigeria

Nigerian investment inflow falls by N2.3tn over the past three years

Nigerian investment flow in the previous three years has declined as a result of economic slowdown in the country. Investors lost their confidence in Nigerian economy citing global oil slump.

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EGYPT-CHINA-DIPLOMACY

Egyptian-China industrial zone may get $5-bln investments

Egyptian-Chinese industrial zone in Ain Sokhna may attract $5 billion investments. About 100 companies are expected to set up their operations in the zone paving the way for creation of employment opportunities for about 30,000 people.

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A Chinese supertanker arriving from Saudi Arabia discharges

Saudi Arabia regains top oil exporter status to China

Surpassing Russia, the Kingdom of Saudi Arabia (KSA) has regained its lost status as top oil exporter to China in January 2016. However, China's oil imports eased during the month, while Russia suffered major drop in its exports. As a result, Saudi's market share rose to 15.9 percent highest since June 2015.

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Australian Petrol Prices On The Rise

GasBuddy Debuts in Australia

GasBuddy has been introduced today in Australia where it runs in the US since 2004. GasBuddy users just need to submit their seen petrol prices at gas station and they will have the chance to win $100 voucher worth of free gas in the daily draw. The app is free and is accessible through Android and iOS smartphones.

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FRANCE-GAS-CONFERENCE-LOGO

GazProm Takes $2.17 Billion Loan From China

Russian energy company GazProm signed a loan agreement with Bank of China on Thursday. GazProm borrowed €2 billion ($2.17 billion) on a 5-year term

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CNBC Events - Delivering Alpha 2015

Billionnaire Investor Carl Icahn Posted His Worst Loss Since 2008

Activist investor Carl Icahn on Monday reported a loss of $1.7 billion investment in 2015. This was a 18% down from previous year.

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Federal Reserve Chair Janet Yellen Semiannual Monetary Policy Report To The Senate Banking Committee

US Fed sees economic activity slowdown in some districts

According to a latest 'Beige Book' from US Federal Reserve, economic activity in some districts has been slowing down, while some recorded modest growth in labor market. The latest financial market crash also hit consumer spending severely in some areas.

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Director of Advanced Research Projects Agency-Energy

Department of Energy's ARPA-E Program Announced a Total of $1.3 Billion in Grants in Five Years

During five years, the Department of Energy’s ARPA-E program has invested in hundreds of projects for a total of $1.3 billion. The agency is still pushing forward to improve its funding system to help more projects commercialize its technologies.

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Key Speakers At IHS CERAWeek 2016 Energy Conference

D.C. Regulators Dump Exelon-Pepco $6.8 Billion Deal

It's been almost a year since Exelon and Pepco announced their possible merger. Both companies are now facing difficulties as they need to comply with new conditions the district imposed. They have to adapt with the new terms if they want the merger to move forward.

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CNBC Events - Delivering Alpha 2015

Hedge fund investor Paul Singer wins 13-year battle with Argentina

The legal battle running for 13 years between hedge fund investor Paul Singer and Argentina is over as both the parties have reached to an agreement. Singer's Elliott Management will get $4.65 billion cash from the Argentina government as part of the deal.

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GERMANY-ENERGY-ENVIRONMENT-RENEWABLES-WIND-TURBINE

Canada Among The Weakest Performers In The Clean Energy Sector In 2015

Global investment in the clean energy sector has been increasing year by year. However, Canada’s clean energy investment has been plunged by 46% in 2015 compared to the previous year. Canadian government has been urged by the Clean Energy advocates to adopt more investment friendly policies to patronize the sector.

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Workers Sacked After Toy Factories Shutdown In South China Amid Global Financial Crisis

China to lay off 6 million state workers

China has decided to layoff millions of workers from 'zombie enterprises' in the next two to three years. For relocating retrenched workers, the government will spend Yuan 100 billion ($15.27 billion). China's economy is suffering from industrial overcapacity and pollution levels.

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Gas Prices Continue To Drop

Marathon Oil plans to sell shares through public offering

Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.

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US-ECONOMY-GAS

Exxon may face downgrading by Moody's amid bleak oil prices

Exxon Mobil Corp may lose credit rating from Moody's Investors Service. Moody's on Thursday lowered its outlook for Exxon from stable to negative. Exxon is suffering from cash flows in the wake of continuous drop in oil prices.

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Oil Platforms In The Cromarty Firth

Premier Oil's Loss Deepens in 2015 as Global Oil Industry Falls

Premier Oil posted a widened loss in the year 2015 amid lower oil price. The firm also urged the government to promote infrastructure policies in the North Sea to lure investment.

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