Steve Harris News
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PTT Exploration & Production Pcl raised its offer for Cove Energy Plc to 1.22 billion pounds ($1.92 billion), topping Royal Dutch Shell Plc’s bid for access to one of the largest natural gas discoveries in a decade.
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Workers at South Africa’s state-owned transport company, Transnet Ltd., started an indefinite strike that may halt shipments of iron ore, ferrochrome, fruit and the coal that fires many European power plants.
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NBC’s new crime drama “Awake” doubled its chances for intrigue by offering two parallel storylines per episode -- one’s a dream, one isn’t -- and still is only half compelling.
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Transnet Ltd.’s largest labor unions will meet the rail and ports operator to try and resolve a strike over pay that entered its fourth day today.
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A strike at South African ports and railroads entered its second week today after wage talks failed over the weekend, worsening losses for shippers and exporters.
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The United Transport Allied Trade Union cut its pay increase demand at Transnet Ltd. to 12 percent from 15 percent, Steve Harris, a general secretary at the union, said in an interview today.
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South African unions threatened to widen a transport strike that has cut exports of metals, wine and fruit, while employer Transnet Ltd. offered to resume wage talks.
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Labor unions at Transnet Ltd., South Africa’s state-owned ports and rail company, have split over an improved wage increase offer as the company tries to stop a planned strike due to start May 10.
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