Power Plants News
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Turkey’s Agaoglu Group, which has interests in construction, tourism and energy, is in final stages of talks with eight energy and private equity investors to sell 147 megawatts of wind plants this month, chairman Ali Agaoglu said.
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Japan, the world’s biggest buyer of liquefied natural gas, may double spot imports this month, according to ship-tracking data. South Korea’s imports may fall by half.
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Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses, and prices are as of 9:50 a.m. in Manila.
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Hyundai Motor Co. Chairman Chung Mong Koo crosses the stage for his New Year’s address, his heels clicking as 600 employees wait in silence.
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A U.S. investigation of possible insider-trading by Goldman Sachs Group Inc. employees expanded to include a managing director whose name emerged at the trial of convicted hedge fund manager Raj Rajaratnam, a person with knowledge of the probe said.
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Singapore’s total oil-product inventories rose 0.3 percent.
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Japan, the world’s biggest importer of liquefied natural gas, is in talks to start shipping the fuel from the continental U.S. after the Fukushima disaster last year shut most of the country’s nuclear power plants.
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There is nothing, and I mean nothing, like rising crude-oil prices to make sensible people go all wobbly in the head. Economists fail to differentiate between cause and effect. They confuse a supply shock with a shift in demand and see the outcomes as interchangeable. And they can’t see beyond the immediate negative impact on the consumer.
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Peru’s government expects to reach an agreement on natural-gas royalties and domestic supply by April with producers including Hunt Oil Co. and Repsol YPF SA, the president of the state oil contracting agency said.
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Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. are among banks warned by federal regulators that they may face civil claims tied to sales of mortgage-backed securities.
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