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Manufacturing Operations Inside Siemens AG Gas Turbine Factory

German Factory Orders Dropped In December More Than Anticipated, Weak Domestic Demand And Slow Overseas Market

Last December, German factory orders dropped worse than what experts had forecasted. There was a weaker growth in the local demand, and the overseas market was not so much helping eventhough there was a slightly slow increase.

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UK Green Bank And BlackRock Consortium Acquires GLID Wind Farms For £423 million

The UK Green Investment Bank Financial Services ties up with world’s largest asset manager BlackRock to purchase GLID Wind Farms. The farms located in Aberdeenshire, Scotland and Lincolnshire are capable of producing 220 MW clean powers. With the acquisition, GIBF will produce 3,970 GWh of clean power each year. Meanwhile, BlackRock will own and manage 66 wind and solar projects in Europe and North America on behalf of its clients.

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Malaysia Prime Minister Najib Razak Attends Prayers As He Fights Task Force Probe

1MDB Scandal Forces Moody’s To Change Economic Outlook For Malaysia To Stable From Positive

Malysia has been witnessed to rock heavily centering 1MDB scandal. Both Malaysian currency and stock have been nose-dived over the past year and capital outflow taken place more frequently. The existing economic turmoil has led Moody’s to change Malaysia’s economic outlook from positive to stable citing 1MDB related economic turmoil as the reason.

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Housing Market As U.K. Asking Prices Rose An Annual 7.4 Percent in December

UK house prices up 1.7% on lower interest rates

The UK house prices rose for the consecutive second month in January 2016. The UK property market demand is growing in the wake of lower interest rates and encouraging job growth rate. The average cost of a house in the UK was up 1.7 percent in January.

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Stocks Dive On Dropping Energy Prices

Wall Street monitors USD, while oil price drops

Investors are concerned as the US stock index futures turned weaker. The marginal recovery in oil price amid drop in the US dollar puts the Wall Street on cautious note. On the other hand, Asian and European stocks were trading marginally higher on oil price recovery and drop in US dollar.

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GERMANY, Rostock, Giant pipes made by EEW Special Pipe Constructions GmbH in Rostock for the offshore wind farm Walney 2 in the northern North Sea, The pipes are being taken to the transport ship from the EEW grounds.

Beijing Electric Acquires EEW For €1.44 Billion, The Largest Ever Chinese Direct Investment In Germany

BEHL is going to purchase the leading German waste to energy recycler EEW for €1.44 Billion. The deal appears to be the largest ever Chinese direct investment in Germany. Following legal obligation, the transaction will be cleared under the German Foreign Trade and Payments Ordinance.

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ING Groep NV Full-Year Earnings News Conference

ING's Q4 earnings beat forecast

The Dutch banking major ING Groep's revenues for the fourth quarter were above the analysts' forecasts. ING's exposure to the oil companies is putting pressure on its stock, which suffered 20 percent drop. However, ING is also receiving indirect benefits from lower oil prices.

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Defense Secretary Ash Carter Announces New Quality Of Life Military Reforms

Pentagon to boost spending in defense mechanism

The Pentagon on Tuesday unveiled its plan to boost spending in defense mechanism in 2017, aiming to increase its military capability to back its European NATO allies. The US Defense Department requested a budget seeking 7.5 billion US dollar for operations in Syria and Iraq for the year 2017.

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Venture Capitalism

Martin Prosperity Institute Published Global Venture Capital Statistics

Venture capital and private equity that sprung from California Bay Area in 1960's has been a global phenomenon. A Canadian reseach institute publish a report about venture capital investment in tech startups around the world.

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New Trainees Begin Training Programs

German Job Rate Increased Near EU Record Due to Female Workforce

Reports show that 73 percent women were joining the workforce in 2014, compared to 63 percent in 2005. The rise has also pulled the overall employment rates up for Germany at 78 percent. German's employment rate is growing faster than any other EU country, although the record remains to be held by Sweden.

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Rolls’ Again Bags Sweet $2.7billion Contract Defeating Rival GE

Rolls has defeated joint venturing General Electric and Pratt & Whitney while being awarded a £6.1billion deal with Emirates during April last year. Now the British car manufacturer again succeeds in snatching another deal worth $2.7billion with airline company Norwegian. The recent achievement is believed to accelerate Rolls CEO’s ongoing overhauling efforts aiming to establish transparency and cost cut of $200 million a year by 2017.

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OAO Gazprom Headquarters And OAO Gazprom Neft Gas Stations

Gazprom Will Increase Its Supplies to Europe to the Record-High Level

Russian's Gazprom planned to meet investors in New York and London this week. The company plan to increase its gas supplies to European countries.

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Credit Suisse Group Chief Executive Officer Brady Dougan Speaks At The Annual General Meeting

Credit Suisse, Barclays to pay $154.3mn to settle 'Dark Pool' probe

Credit Suisse Group AG and Barclays Plc will pay combined $154.3 million to settle regulatory investigations into their 'dark pools.' The New York Attorney General said that the fight against the fraud and rigging in the trading mechanism would continue further. The US Securities and Exchange Commission (SEC) observed that Barclays and credit Suisse have misled their investors by providing inaccurate information.

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Deutsche Bank AG Headquarters And Branches Ahead Of Strategy Announcement

Challenge in Investment Banking and Trading Hurt Deutsche Bank

As an investment bank, a problem in investment-banking operation will damage the overall performance. Deutsche Bank suffered its first annual loss since 2008, followed by drastic drop of its shares.

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1 pound banknote...

Pound gains as UK economy grows in Q4

The British Pound strengthened against major global currencies after a report on UK's GDP growth. The report said that UK's economy speeded up during the fourth quarter of 2015. The rise in consumer demand helped the economy expansion. The British Pound recovered from the two-week low of 1.4338 against the US dollar to at $1.4314.

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