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.


Latest News

Jay Leno has picked the Ford F-150 Harley Davidson from his exotic collection, to be sold for charity at the Barrett-Jackson auction in Scottsdale, Arizona. The proceeds are meant to go to National Multiple Sclerosis Society.
Local carpooling app Ryde, which started in September 2014, has announced plans to expand to Hong Kong. Ryde app helps cut road congestion, pollution, and commuting cost.
Microsoft is reportedly gearing up to launch its third and final Lumia handset on 1 February in the form of the cheap and cheerful Lumia 650.
Despite the spreading rumors that speculate new Apple Watch model would be introduced on March, an Apple-watcher wrote why it's unlikely that the model would arrive that soon. But it stays likely that Apple will have a major event on March, although not related to the new Apple Watch.
Saudi Arabia oil minister Ali al-Naimi said that stability in the oil market will be attained only through the cooperation amid major manufacturers and this would take time. Ali al-Naimi added that although the worldwide oil market has been experiencing an instability for over 12 months, he is hopeful regarding the return and future of the oil market.
The Hyundai Elantra 2017 has been priced starting at $17,985, which is near $100 lesser than its previous model. The Elantra 2017 has the most advanced packages including Android Auto and Apple CarPlay.
WhatsApp ditched its $1 annual subscription fee and instead will look for other means of income to pay the service to contact consumers.
With the lifting of international sanctions from Tehran, India would be able to recommence its unobstructed oil import from the Persian Gulf country. Iran is anticipated to boost its oil export of 1.1 million barrels per day by 500,000, according to the Indian Oil Cooperation.
China is set to report its weakest full-year growth figure in 25 years. The official GDP data will be published by China’s National Bereau of Statistics on Tuesday.
Microsoft is probably going to bury the business with Lumia handsets and going to introduce the last smart phone by February, the Lumia 650. The Lumia 750 and 850 are still in line, but the tech giant intends to concentrate on surface phone. Burying the “Lumia” name, most likely means Microsoft has something else in mind for the near future.
Real Time Analytics