Saturday 12 July 2014
 
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ME crude cargoes see shift from Western markets to Asia

The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and China.  This trend will result in new sources of supply, increase competition, reshape the glo

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China nod for $2.3bn IBM-Lenovo deal

The Chinese Ministry of Commerce's anti-monopoly bureau has approved Lenovo Group's proposed $2.3 billion deal to buy IBM Corp's low-end server business. The deal, announced in January, is expected to be completed by t

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Global bank profits surge to record $920bn

China's top banks accounted for almost one-third of a record $920 billion of profits made by the world's top 1,000 banks last year, showing their rise in power since the financial crisis, a survey showed on Monday. China&#

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Gold climbs towards 2-month high on softer dollar

Gold climbed towards a two-month high on Friday and looked set to post its fourth straight weekly gain, as weak U. data on consumer spending hurt the dollar. US consumer spending rose less than expected in May, prompting economists to d

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Acer announces EMEA management change

Acer has appointed Luca Rossi as the president for Europe, Middle East and Africa (EMEA) operations.   The current EMEA president Oliver Ahrens is set to take over a new challenge as president of the newly formed

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New lab to help boost Bahrain's fish stocks

China is helping Bahrain set up a new laboratory that will support efforts to replenish the nation's depleted fish stocks.   It will analyse fish diseases and water samples once it is fully operational at its

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LNG prices to hit new high on global demand

The robust global demand being spearheaded by Asian major China is likely to keep liquefied natural gas (LNG) prices high over the next few years, according to a report. Demand is growing both as a result of strong Asian economic

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Steel prices hit as global output surges

Global crude steel production rose at an annual 2.2 per cent rate in May as output in China hit new record levels and North American and European mills cranked up production, industry data showed, pressuring prices the world over.

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Chinese firms discuss Bahrain investment plans

Leading businessmen and trade officials from the Hunan Province in China met representatives from the Economic Development Board (EDB), as part of a four-day visit to Bahrain. The delegates were apprised of the kingdom's inves

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BP to sign $20bn LNG supply deal with CNOOC

Oil major BP will sign a deal worth around $20 billion later on Tuesday to supply China National Offshore Oil Corporation (CNOOC) with liquefied natural gas (LNG), BP Chief Executive Bob Dudley said at a conference in Moscow. Dudl

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