Friday , 24 May 2019

Business

China to invest $2.6 billion in Ukraine’s agriculture

KYIV, August 3 /Ukrinform/. Ukraine’s State Food and Grain Corporation and China’s Xinjiang Production and Construction Corps (XPCC) have signed a memorandum on cooperation in supporting priority projects in agriculture. Chinese investment in Ukraine’s agricultural sector will reach more than $2.6 billion. This was announced at a meeting between Ukrainian farmers and XPCC representatives in Kyiv on August 3. Chairman …

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Japan’s Day Traders Profit From Market Volatility in Abenomics’s Wake

Sitting before a cluster of 10 computer screens in mid-June at his apartment with the drapes shut, Naoki Murakami makes $3,500 in a few seconds betting that Tokyo Electric Power (9501:JP) stock will fall a fraction of a percent. The 34-year-old day trader borrows 50,000 shares from his broker and sells them at 558 yen ($5.58) each. As the stock falls, he repeats the process …

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A Material That Could Make Solar Power “Dirt Cheap”

A new type of solar cell, made from a material that is dramatically cheaper to obtain and use than silicon, could generate as much power as today’s commodity solar cells. Although the potential of the material is just starting to be understood, it has caught the attention of the world’s leading solar researchers, and several companies are already working to …

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Wages Fell in July as Hiring Slowed in Uneven U.S. Job Market

Employees took home less pay and worked fewer hours in July and job growth was the weakest in four months even as the U.S. jobless rate fell, underscoring uneven progress in the labor market. Payrolls rose by 162,000 last month, while unemployment dropped to 7.4 percent from 7.6 percent, the Labor Department reported yesterday in Washington. The workweek on average was the shortest …

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Berkshire profit rises 46 pct, helped by economy

Aug 2 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, boosted by improved demand in such businesses as car insurance, energy and railroads, as well as gains from investments and derivatives. Operating results topped analyst forecasts, reflecting how many of Berkshire’s more than 80 businesses are benefiting from growth, however modest, in the …

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With Pipeline, China’s Launches Burma Charm Offensive

On Monday, the Sino-Myanmar natural gas pipeline began pumping to China, part of the Middle Kingdom’s drive to diversify its energy supplies, but, in light of recent diplomatic troubles, China is quick to shine a rosy light on this latest development. The Chinese state media charm offensive went into full swing. Xinhua described the opening ceremony as follows: “When torches flamed in …

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World’s Largest #Solar Plant Ready to Shine

The Ivanpah Valley of the Mojave Desert in California is home tospiky yucca trees, long-nosed leopard lizards, loggerhead shrikes, and a rare species of tortoise—and soon, the largest solar thermal energy plant in the world. More than six years in the making, the Ivanpah plant is now slated to begin generating power before summer’s end. It was designed by BrightSource Energy to use more than …

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