Sectors
Malaysia's Petronas to cut $11.4 Billion in Expenses amidst oil rout
Malaysia’s Petronas will cut $11.4 billion from its capital and operating expenditure for the next four years as rout in oil prices continues, sending Brent crude price to $28 per barrel.
Japan approves 85,550 MW renewable energy project, bulk from solar power
Japan gave the go signal for the 2012 clean energy projects that could produce up to 85,550 megawatts of renewable power, the bulk of which is from solar energy.
South Korea environment ministry to Sue Audi Volkswagen Head over emission cheating scandal
South Korea’s Ministry of Environment will file criminal charges against Volkswagen AG’s Korean office head, citing that the car makers proposed plan falls short from the country’s legal requirements.
Mitsubishi Research Institute, UFJ Morgan Stanley to raise 50 billion yen fund to revive Japanese solar projects
Mitsubishi Research Institute and UFJ Morgan Stanley Securities plans to raise 50 billion yen to revive struggling Japanese megasolar power plants.