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Connor Campbell, of SpreadEx, thinks wage growth will once again be in focus thanks to inflation's recent climb.
On October 25th the International Energy Agency (IEA) published a report that showed that 2015 was a record year for renewable energy. This achievement is pretty dramatic taking into account the low Oil prices.
Wind power related firms predicted to see profits soar over the rest of the year, says Bank of China International study
China reportedly has proposed a cut of as much as 40% in subsidies for solar projects (TAN +0.1%), renewing concerns about waning state support for clean power after years of rapid investment in capacity.
Shares of Chinese developers of wind and solar power projects sank after Beijing proposed substantial cuts to their subsidised power tariffs to plug the growing deficit in the state-financed renewable energy subsidy fund.
New reports suggest dramatic cost reduction in off-shore wind; competitive with new gas (Combined Cycle Gas Turbine) build within 5 years.
China Longyuan Power, Asia’s largest wind farms developer, posted a better-than-expected 7.2 per cent year-on-year rise in interim net profit on the back of higher output and lower finance costs.
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Over the six months ended 31st March 2016, the Company's return on net assets was 9.0% and the return to Ordinary shareholders 8.3%, reflecting a widening of the Company's discount over the period. The Company underperformed its benchmark, the MSCI Asia ex Japan Index, which returned 11.4%.
"Water, water, everywhere, and all on board did shrink; water, water everywhere, nor any drop to drink," bewailed the lost mariner of Samuel Coleridge's famous poem. The mariner is forced by his parched shipmates to wear around his neck the body of the albatross he had killed, to atone for this transgression against a good omen. Some scholars interpret Samuel Coleridge's famous poem as an allegory for nature striking back at those who abuse her bounty.
Copies may be obtained from the Company Secretary: Frostrow Capital LLP at 25 Southampton Buildings, London WC2A 1AL.
Hong Kong and Chinese mainland stock markets closed out the trading week with solid gains on Friday, lifted by an upbeat investor tone that’s been in place since the Federal Reserve signalled a more dovish outlook on the pace of interest rate hikes, helping send the US dollar lower against its Asian counterparts.
Hong Kong stocks closed the morning session higher on Friday, with analysts expecting the uptrend to continue as the Hong Kong dollar strengthens.
Weak power demand and too much capacity expansion in remote regions the main culprits