According to Alstom's estimates, by 2020, the grid businesses would spend US$64.3 billion for new equipment.
Sectors
EnVivo names Dunsire as new president
EnVivo announced today that Dr. Deborah Dunsire is its new president and CEO. Deborah Dunsire, M. D. , was named by EnVivo Pharmaceuticals as its new president and chief executive officer.
US, Myanmar discuss future ventures
Myanmar government figures and US companies met to discuss future investment endeavors. In a meeting between representatives of American companies and Myanmar government officials, the lack of investments from the United States was highlighted and discussed.
Enstar Group buys Torus Insurance
Enstar Grouped acquired Torus Insurance in a US$692 million agreement. Enstar Group announced today that it acquired Torus Insurance for US$692 million.
Russia to ramp up oil exports in Asia at Europe's expense
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
Latest News
Asia Pacific Investment House invested in St. Kitts & Nevis' Paradise Haven. (CORRECTION: Updated facts related to the investment done in Paradise Heaven.
Philippines' largest company gets offers to purchase its shares in bank and power company. San Miguel Corporation (SMC) confirmed that it obtained offers to buy its shares in its electricity and banking businesses.
Balfour Beatty Plc created a venture with Sydney Water for Au$150 million water projects in Australia.
NanoSatisfi received additional investment from Grishin Robotics. Grishin Robotics, a multinational investment firm, provided a US$300,000 investment to NanoSatisfi.
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
Griffin-American makes its first investment outside of the US by purchasing a UK portfolio for US $447.8 million.
EasyJet gets approval from majority of its shareholders to proceed with its plan to purchase additional Airbus planes.
Due to free trade agreements with many nations, Morocco is set to become the next investment hub, analysts said.
The Bank of America downgraded its rating on financing firm CYS Investments. The Bank of America downgraded CYS Investments to an "underperform" rating from a previous "neutral" classification in a research note released today.
