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Li's Power Assets to spin off HK unit
Li Ka-shing, Asia's richest man, is to spin off his electricity assets in Hong Kong through an initial public offering worth up to HK$27.9 billion ($3.6 billion) and will sell a large chunk to a Chinese state-owned power company. ... more
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Outside View: Asia's growing coal markets
In most countries, coal-fired power plants are the main source of electricity due to their safety, reliability and cheaper operating cost and my home country of South Korea is no exception. ... more
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Iraq summons Turkish diplomat over Kurd oil sale
Baghdad summoned Turkey's charge d'affaires Sunday over moves by Iraq's Kurdish region to sell oil independently via one of Ankara's ports, saying the move was a violation of its constitution. ... more
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Oil market slides on Iran news
Global oil prices fell on Monday following news that a landmark deal to curb parts of Iran's disputed nuclear programme in exchange for sanctions relief will take effect from January 20. ... more
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