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Argentina aims for $5 bln investment in renewable energy by 2018
2016-04-12 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Argentina aims to rake in $5 billion in investments in renewable energy by 2018 with the goal of reducing its energy deficit, a government official told Reuters, as hopes for near-term increased output from the Vaca Muerta shale field fade. The South American country has ideal conditions for producing renewable energy, experts say: vast, wind-swept plains in Patagonia and sun-soaked subtropical lands in the north. Yet renewable energy, excluding hydropower which many environmentalists do not...
Tags: energy
investment
argentina
aims
Alibaba buys controlling stake in Lazada for USD 1 bln
2016-04-12 08:43:00| Telecompaper Headlines
(Telecompaper) Alibaba has agreed to acquire a controlling stake in Indonesian online retailer Lazada for about USD 1 billion. Alibaba said it will pay USD 500 million for new shares in Lazada and also purchase stock from existing investors. Lazada is currently controlled by Rocket Internet.
Tags: usd
controlling
alibaba
buys
Telenor mulls India ops sale for USD 1.8 bln - report
2016-04-11 13:59:00| Telecompaper Headlines
(Telecompaper) Telenor plans to sell its telecom operations in India. The operator is looking for a valuation ranging between USD 1.6 billion and USD 1.8 billion (approximately INR 110 120 billion), The Economic Times reports, citing two unnamed people familiar with the matter. However, market experts claim Telenor may at best be able to get around USD 1 billion (INR 68 billion), with spectrum being the main saleable asset. A Telenor spokesperson declined to comment.
Obama's inversion curbs kill Pfizer's $160 bln Allergan deal
2016-04-06 08:55:03| Automakers - Topix.net
U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama's drive to stop tax-dodging corporate mergers. The decision to end the biggest tax "inversion" ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered, came a day after the U.S. Treasury unveiled new rules to curb inversions.
UPDATE 1-Alaska Air nears deal to buy Virgin America for over $2 bln -source
2016-04-02 21:58:55| Airlines - Topix.net
Alaska Air Group Inc is nearing a deal to acquire Virgin America Inc for more than $2 billion, having outbid JetBlue Airways Corp, a person familiar with the matter said on Saturday. Earlier, The Wall Street Journal said Alaska Air had emerged as the likely winner of an auction for Virgin America, citing people familiar with the matter.
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