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LyrArc brings in selected articles from many of the world's top publications.
Articles are selected by experts and you can see the gist of the important articles.
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Natural gas production starts 90 miles off the northern coast of Norway near Hammerfest, on the Artic Ocean area. A most difficult area to operate in, Statoil Hydro, the Norwegian oil company has addressed this challenge with natural gas production to feed the eastern coast of the USA using liquefied natural gas ships for transportation. Costs for such production are much higher and higher oil and natural gas prices and increasing global demand are expected to support such difficult discovery and exploration in the years to come.
Natural gas production starts 90 miles off the northern coast of Norway near Hammerfest, on the Artic Ocean area. A most difficult area to operate in, Statoil Hydro, the Norwegian oil company has addressed this challenge with natural gas production to feed the eastern coast of the USA using liquefied natural gas ships for transportation. Costs for such production are much higher and higher oil and natural gas prices and increasing global demand are expected to support such difficult discovery and exploration in the years to come.
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Suspicions of Chinese government connections have dogged Huawei, China's big telecom maker, as it was founded by an army officer. Huawei has shown interest in Motorola's network equipment unit, but bidding for this will wait till 2011. The U.S. represents only $319 million in sales out of a total global sales of $21.5 billion for Huawei. To change the image and to get deals done Huawei has hired Sullivan and Cromwell, Skadden Arps, and Arnold & Porter law firms.
Suspicions of Chinese government connections have dogged Huawei, China's big telecom maker, as it was founded by an army officer. Huawei has shown interest in Motorola's network equipment unit, but bidding for this will wait till 2011. The U.S. represents only $319 million in sales out of a total global sales of $21.5 billion for Huawei. To change the image and to get deals done Huawei has hired Sullivan and Cromwell, Skadden Arps, and Arnold & Porter law firms.
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Exxon's profit falls in 2014 as a result of declining production.
Exxon's profit falls in 2014 as a result of declining production.
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Huawei founder Ren Zhengfei comments on Tesla, Silicon Valley and BMW.
Huawei founder Ren Zhengfei comments on Tesla, Silicon Valley and BMW.
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Christophe Weber, a Frenchman, is made the new CEO of Takeda Pharmaceutical in Japan.
Christophe Weber, a Frenchman, is made the new CEO of Takeda Pharmaceutical in Japan.
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Tokyo Stock Exchange president, Akira Kiyota, says the TSE is hoping for 70 IPO's in 2013 if all goes well. The TSE and the Osaka Securities Exchange merged in Jan 2013, forming the Tokyo Exchange Group, the third largest exchange in market capitalization. TSE president is from Daiwa Securities and the OSE president is from Nomura Securities. The TSE hope to attract more overseas companies to list, developing into a market that is open 24 hours. Other strategies include developing securities markets in emerging market countries.
Tokyo Stock Exchange president, Akira Kiyota, says the TSE is hoping for 70 IPO's in 2013 if all goes well. The TSE and the Osaka Securities Exchange merged in Jan 2013, forming the Tokyo Exchange Group, the third largest exchange in market capitalization. TSE president is from Daiwa Securities and the OSE president is from Nomura Securities. The TSE hope to attract more overseas companies to list, developing into a market that is open 24 hours. Other strategies include developing securities markets in emerging market countries.
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The cutting of import tariffs for cars to 4% for S. Korea under free trade agreements is leading to a rise in share for imports. Imports reached 10% market share in 2012. Hyundai and Kia lost 2.3% market share in 2012. About half of imports are diesel cars from Germany, with 64% of imports from Germany.
The cutting of import tariffs for cars to 4% for S. Korea under free trade agreements is leading to a rise in share for imports. Imports reached 10% market share in 2012. Hyundai and Kia lost 2.3% market share in 2012. About half of imports are diesel cars from Germany, with 64% of imports from Germany.
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Russia's largest companies in metals like nickel, iron ore and aluminium, may end up in state control by the end of the year as the government is loaning money to these companies. These companies owe billions of dollars to state controlled banks and foreign banks and are heavily in debt. This would be a reversal of something that started with the loans for shares under which tycoons like Potanin got control of state assets in metals companies, in exchange for loans to the state. A company that will combine the assets of Norilsk Nickel, UC Rusal, and OAO Metalloinvest is being formed, with the state taking alarge minority stake at the initial stage.
Russia's largest companies in metals like nickel, iron ore and aluminium, may end up in state control by the end of the year as the government is loaning money to these companies. These companies owe billions of dollars to state controlled banks and foreign banks and are heavily in debt. This would be a reversal of something that started with the loans for shares under which tycoons like Potanin got control of state assets in metals companies, in exchange for loans to the state. A company that will combine the assets of Norilsk Nickel, UC Rusal, and OAO Metalloinvest is being formed, with the state taking alarge minority stake at the initial stage.
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Pearson appears to have managed the downturn well by reducing ads percentage of revenue at FT from 50% to 30%. One way was to increase the importance of subscription and content revenues by increasing subscription price to pound 1.80 from pound 1.50. Its education business which sells textbooks and educational instructional tools like online learning and assessment are holding up, and its Penguin book division is also doing well. Pearson's competitors McGraw Hill faces aturnaround problem at Standard and Poors, and Houghton Mifflin is struggling with high debt.
Pearson appears to have managed the downturn well by reducing ads percentage of revenue at FT from 50% to 30%. One way was to increase the importance of subscription and content revenues by increasing subscription price to pound 1.80 from pound 1.50. Its education business which sells textbooks and educational instructional tools like online learning and assessment are holding up, and its Penguin book division is also doing well. Pearson's competitors McGraw Hill faces aturnaround problem at Standard and Poors, and Houghton Mifflin is struggling with high debt.
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