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Energy crash hits share market hard
2014-12-01 12:54:29| Energy - Topix.net
Australia's energy sector has suffered its biggest two-day loss since before the global financial crisis, wiping $12.3 billion from the sector's market capitalisation, following OPEC's refusal to cut oil output. The benchmark S&P/ASX200 energy sub-index has slumped 13.4 per cent over the last two sessions, plummeting 1707.93 points to 11073.36 points.
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Oil crash hits share market hard
2014-12-01 06:44:03| Oil & Gas - Topix.net
The dramatic drop in global oil prices is causing havoc in the local energy sector, where falls are leading a more than $50 billion decline in the ASX's value over the past two days. Here are some numbers on the scope of the carnage among oil and gas stocks: Australia's energy sector has suffered its biggest two-day loss since before the global financial crisis, wiping $12.3 billion from the sector's market capitalisation , following OPEC's refusal to cut oil output.
Kellogg's increases Bisco Misr bid to $11.50 per share
2014-12-01 01:00:00| Food Processing Technology
Breakfast cereal maker Kellogg's has increased its bid for Egyptian cake and biscuit maker Bisco Misr to EGP82.2 ($11.50) per share, in an increasingly intensifying bidding war with Dubai-based competitor Abraaj.
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Where Grass Is Greener, a Push to Share Droughts Burden
2014-11-30 03:05:37| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: In these hills overlooking San Diego, the only indication of the continuing drought now among the worst in Californias recorded history is the perpetually cloudless sky. Private lemon groves hark back to the areas agricultural past, before it became home to some of Southern Californias wealthiest residents; horses roam through grassy pastures; palatial homes are surrounded by rolling grass lawns and, in at least one case, a three-hole putting green owned by the golfer Phil Mickelson. And...
FCI should procure allotted share Badal tells Shanta
2014-11-29 05:50:33| Agriculture - Topix.net
Taking part in discussions with Bharatiya Janata Party parliamentarian Shanta Kumar, who is heading a committee to give suggestions on unbundling of the Food Corporation of India , Punjab chief minister Parkash Singh Badal has said the agency should procure its allotted share of foodgrain, which it has reduced drastically in recent times. FCI has, as its allotted share 20% of wheat and 10% of paddy production, but it procures around 15% of wheat and about 5% paddy.
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