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China Said to Mull Wind, Solar Power Tariff Cuts Through 2020
2015-10-30 10:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: China is considering cutting the preferential rate it offers wind and solar power developers because the surcharges slapped onto electricity bills to pay for clean-energy subsidies arent high enough. The National Development and Reform Commission, Chinas top economic planning agency, plans to cut the tariffs annually in the five years through 2020 to make electricity from clean sources more competitive compared with coal power, according to a document seen by Bloomberg. China proposes reducing...
Agco shares rise as cost cuts lift profits hopes
2015-10-30 06:17:23| Industrial Machines - Topix.net
Agco shares soared, after the tractor manufacturer raised its earnings forecast, amid signs of a belt-tightening campaign boosting profitability in the face of a tough sales environment. The maker of Fendt and Massey Ferguson farm equipment nudged higher to $3.20 per share, from $3.10 per share, its full-year earnings forecast.
RBS cuts ties with US bank Citizens
2015-10-30 01:39:47| BBC News | Business | UK Edition
The Royal Bank of Scotland is selling its remaining 20.9% stake in the US bank Citizens as it continues to focus on the UK market.
More oilpatch layoffs: Devon Energy cuts 200 jobs in Alberta
2015-10-29 20:03:03| Energy - Topix.net
Devon's Jackfish complex in Alberta reached the 100-million-barrel milestone of cumulative production in early 2015, but now the company says it is scaling back capital investments in Canada. Devon Energy says it has cut 15 per cent of its Canadian workforce as the company responds to lower capital spending plans.
Tags: jobs
energy
cuts
alberta
Air France-KLM calls for cost cuts as profit soars
2015-10-29 08:15:33| Airlines - Topix.net
Air France-KLM's management on Thursday called for drastic cost-cutting despite posting its largest quarterly net profit in five years as a result of lower fuel prices. Air France-KLM reported a net profit of 480 million euros in the third quarter, up from a revised EUR86 million profit in the corresponding period a year earlier.
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