MBendi - World Business News

General Electric helping to integrate wind, solar into the world�s power grids

Fri, 06 Nov 2009 11:08:04 +0200

It has been reported that General Electric, which has been a major player in helping to integrate wind into the world�s power grids, wants to do the same for solar. The company has turned a 1.5 MW wind converter into a new, 600 kW solar inverter ...

Development of 500-kilovolt transmission lines and associated facilities to access renewable energy resources

Fri, 06 Nov 2009 11:03:45 +0200

NV Energy, Inc. (NYSE: NVE) and the Western Area Power Administration (Western) have signed a Memorandum of Understanding under which the parties intend to explore the potential development of 500-kilovolt transmission lines and associated ...

Tax perks will be given to firms going public under a law to be proposed by the Philippine Stock Exchange

Fri, 06 Nov 2009 11:01:44 +0200

It has been reported that tax perks will be given to firms going public under a law to be proposed by the Philippine Stock Exchange (PSE). Among the salient features of the proposal are the scrapping of the initial public offering tax and the ...

Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately US$707.4 billion

Fri, 06 Nov 2009 10:53:20 +0200

Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately US$707.4 billion at October 2009 month-end, an increase of approximately 44% over October 2008 month-end when assets totaled $493 billion. ...

2009 has been a record year for financing raised by mining companies listed on Toronto Stock Exchange

Fri, 06 Nov 2009 10:48:52 +0200

2009 has been a record year for financing raised by mining companies listed on Toronto Stock Exchange. As of September 30, 2009, $17 billion has been raised on Toronto Stock Exchange through 264 financings, which exceeds full-year 2008 totals; 60 ...

Siemens Industry, Inc.'s Building Technologies Division is purchasing green power

Fri, 06 Nov 2009 10:45:34 +0200

In keeping with its ongoing sustainability initiatives, Siemens Industry, Inc.'s Building Technologies Division is purchasing green power, a sustainability practice recognized and supported through the U.S. Environmental Protection Agency's (EPA's) ...

Solar Power International 2009 the largest business-to-business solar energy conference

Fri, 06 Nov 2009 10:39:50 +0200

Solar Power International 2009, the largest business-to-business solar energy conference and expo in North America, broke attendance records for the sixth year in a row last week. The 2009 conference drew more than 24,000 industry professionals, an ...

The Brazilian Stock Exchange net inflow among foreign investors in October of US$665 million

Fri, 06 Nov 2009 10:38:10 +0200

It has been reported that the Brazilian Stock Exchange, or BMFBovespa, registered a net inflow among foreign investors in October of 1.14 billion Brazilian reals ($665 million). In the first 10 months of the year, net inflows totaled BRL19.15 ...

Nasdaq OMX Group third-quarter earnings rose 3.4%

Fri, 06 Nov 2009 10:35:29 +0200

It has been reported that Nasdaq OMX Group Inc. (NDAQ) third-quarter earnings rose 3.4% on effects from a takeover as the company works to diversify and cut fees as rivals steal away equities market share. It posted a profit of $60 million, or 28 ...

Angola mining sector to reach a value of US$94.78 billion by 2013

Fri, 06 Nov 2009 09:27:05 +0200

Research and Markets has announced the addition of the "Angola Mining Report Q4 2009" report to their offering. This Angola Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government ...

Research and Markets has announced the addition of the "South Africa Mining Report Q4 2009"

Fri, 06 Nov 2009 09:23:04 +0200

Research and Markets has announced the addition of the "South Africa Mining Report Q4 2009" report to their offering. This South Africa Mining Report provides industry professionals and strategists, corporate analysts, mining associations, ...

MDN second drilling program will be initiated over the next few months on the Isambara project, Tanzania

Fri, 06 Nov 2009 09:19:56 +0200

The drillings indicate the possibility of a large gold mineralization zone - The best results indicate grades of up to 7.66 g/t over 1 m - A second drilling phase is planned over the next few months MDN Inc. ("MDN") (TSX:MDN - News) ...

Gambian economy will expand this year at a faster pace

Fri, 06 Nov 2009 09:13:53 +0200

It has been reported that the Gambian economy will expand this year at a faster pace than previously forecast, aided by strong growth in agriculture, the International Monetary Fund said. Gross domestic product will increase about 4.5 percent to 5 ...

National Bank of Kenya net income in the nine months to Sept. 30 climbed 8.9%

Fri, 06 Nov 2009 09:12:32 +0200

It has been reported that the National Bank of Kenya Ltd., a state owned lender, net income in the nine months to Sept. 30 climbed 8.9 percent as loans advanced. Net profit climbed to 972.87 million shillings or 3.59 shillings per share from 893.62 ...

Subsea UK has been awarded a contract by PC Mauritania

Fri, 06 Nov 2009 09:08:49 +0200

Aberdeen-based specialist subsea service company DOF Subsea UK has been awarded a contract by PC Mauritania I Pty Ltd, a subsidiary of Petronas to provide subsea maintenance and inspection services. To undertake the work, DOF subsea UK will be ...