(Reuters) - In a separate report, the Wall Street Journal said News Corp. was planning to take its case for buying Dow Jones to the Bancrofts and the newsroom of the flagship newspaper.
Murdoch is considering making its case to Wall Street Journal's journalists detailing the company's plans for capital investment, the paper reported, citing unidentified sources.
Read more at Reuters.com Mergers News
Thursday, May 3, 2007
Indonesian Rupiah Strengthens to Four-Month High; Taiwan Dollar Weakens
(Bloomberg) -- Indonesia's rupiah strengthened to the highest since January as overseas investors increased purchases of the nation's stocks and bonds.
The rupiah had the biggest gain in six weeks as the country's equity index rose to a record and 10-year bonds gained for a 14th day. The central bank sees a ``strong possibility'' of an interest-rate cut next week, Deputy Governor Hartadi Sarwono said, spurring speculation lower borrowing costs will help boost economic growth.
Read more at Bloomberg Currencies News
The rupiah had the biggest gain in six weeks as the country's equity index rose to a record and 10-year bonds gained for a 14th day. The central bank sees a ``strong possibility'' of an interest-rate cut next week, Deputy Governor Hartadi Sarwono said, spurring speculation lower borrowing costs will help boost economic growth.
Read more at Bloomberg Currencies News
Brazil's Real Retreats From Six-Year High As Currency Swaps Contracts Sold
(Bloomberg) -- Brazil's real fell from a six-year high after the central bank sold nearly five times more reverse currency swap contracts today than in past weeks.
The central bank today sold all 63,050 reverse currency swap contracts offered at an auction, compared with the 12,700 contracts usually sold in past weeks. Surging Brazilian shares have helped push up the real. The nation's benchmark stock index set a record high today.
Read more at Bloomberg Currencies News
The central bank today sold all 63,050 reverse currency swap contracts offered at an auction, compared with the 12,700 contracts usually sold in past weeks. Surging Brazilian shares have helped push up the real. The nation's benchmark stock index set a record high today.
Read more at Bloomberg Currencies News
Saudi Arabia Saad Sells $650 Million Islamic Bond; Nation's Second Largest
(Bloomberg) -- Saudi Arabia's Saad Trading Contracting & Financial Services Co., owned by billionaire Maan al-Sanea, sold $650 million of Islamic bonds, the second-largest sale of such securities by a company from the nation.
The floating-rate bonds maturing in May 2012 were sold to yield 85 basis points more than the six-month, dollar London interbank offered rate, according to data compiled by Bloomberg. Six-month Libor is 5.358 percent. A basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
The floating-rate bonds maturing in May 2012 were sold to yield 85 basis points more than the six-month, dollar London interbank offered rate, according to data compiled by Bloomberg. Six-month Libor is 5.358 percent. A basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
German Metal Employers See `Good Chance' for Wage Accord With IG Metall
(Bloomberg) -- Negotiators for companies including DaimlerChrysler AG and Porsche AG are confident they will resolve a wage dispute with Germany's IG Metall union and avert the first full-blown strikes over pay since 2002.
``I see a good chance that we will come to an agreement,'' Jan Stefan Roell, head of the metal employers' association in the south-western state of Baden Wuerttemberg, told reporters yesterday before talks with the union began near Stuttgart, Germany. Employers have improved a previous offer for a 2.5 percent raise plus a one-off bonus, said Porsche's works council head Uwe Hueck.
Read more at Bloomberg Bonds News
``I see a good chance that we will come to an agreement,'' Jan Stefan Roell, head of the metal employers' association in the south-western state of Baden Wuerttemberg, told reporters yesterday before talks with the union began near Stuttgart, Germany. Employers have improved a previous offer for a 2.5 percent raise plus a one-off bonus, said Porsche's works council head Uwe Hueck.
Read more at Bloomberg Bonds News
Treasuries Fall on Quicker Services Growth, Drop in Initial Jobless Claims
(Bloomberg) -- U.S. Treasuries fell, pushing two-year yields higher than those of 10-year securities for the first time in more than six weeks, after a private report showed growth in service industries quickened last month.
Government bond prices extended a decline triggered by an unexpected drop in the number of new claims for unemployment benefits. The reports prompted traders to pare bets that an economic slowdown will cause the Federal Reserve to lower interest rates this year.
Read more at Bloomberg Bonds News
Government bond prices extended a decline triggered by an unexpected drop in the number of new claims for unemployment benefits. The reports prompted traders to pare bets that an economic slowdown will cause the Federal Reserve to lower interest rates this year.
Read more at Bloomberg Bonds News
Australian Shares Climb, Extending Record, Led by BHP After Metals Climb
(Bloomberg) -- Australian stocks climbed, extending a record high, led by BHP Billiton Ltd. after metals prices rose and better-than-expected reports on U.S. services industries and productivity eased concern the world's largest economy is slowing.
Stocks were also boosted after Australia's central bank cut its forecast for inflation in 2007, signaling it may not raise interest rates this year.
Read more at Bloomberg Stocks News
Stocks were also boosted after Australia's central bank cut its forecast for inflation in 2007, signaling it may not raise interest rates this year.
Read more at Bloomberg Stocks News
Brazil's Bovespa Passes 50,000 Mark, Led by Vale: Walmex Shares Advance
(Bloomberg) -- Brazilian stocks climbed, pushing the benchmark Bovespa index above 50,000 for the first time, as export growth, a strengthening currency and falling interest rates attracted investors to the country's assets.
The Bovespa index of most-traded shares on the Sao Paulo exchange rose 746.68, or 1.5 percent, to 50,218.22. Iron ore miner Cia. Vale do Rio Doce paced the gain. The Morgan Stanley Capital International index of Latin American shares rose 1.9 percent to 3425.30, also a record.
Read more at Bloomberg Stocks News
The Bovespa index of most-traded shares on the Sao Paulo exchange rose 746.68, or 1.5 percent, to 50,218.22. Iron ore miner Cia. Vale do Rio Doce paced the gain. The Morgan Stanley Capital International index of Latin American shares rose 1.9 percent to 3425.30, also a record.
Read more at Bloomberg Stocks News
Canadian consumer confidence slips in April
(Reuters) - The report showed consumer confidence falling from Ontario eastward but remaining strong in the oil-rich western provinces.
Continuing a trend that began in February, the number of respondents who felt their family's financial conditions would improve six months from now fell by 0.8 points to 28.2 percent in April from March.
Read more at Reuters.com Economic News
Continuing a trend that began in February, the number of respondents who felt their family's financial conditions would improve six months from now fell by 0.8 points to 28.2 percent in April from March.
Read more at Reuters.com Economic News
Oil Trades Little Changed Near 2-Week Low as Imports May Swell Stockpiles
(Bloomberg) -- Crude oil was little changed near a two-week low in New York on signs rising shipments may swell U.S. oil and fuel stockpiles.
Royal Dutch Shell Plc, Europe's biggest oil company, has restored some output in the Niger Delta and may resume exports from the Forcados terminal next month, the company said yesterday. Oil fell yesterday after Belgian oil companies said a new pay proposal should avert a strike at refineries in Antwerp.
Read more at Bloomberg Energy News
Royal Dutch Shell Plc, Europe's biggest oil company, has restored some output in the Niger Delta and may resume exports from the Forcados terminal next month, the company said yesterday. Oil fell yesterday after Belgian oil companies said a new pay proposal should avert a strike at refineries in Antwerp.
Read more at Bloomberg Energy News
Delta Air Lines up on Big Board return
(Reuters) - The No. 3 U.S. carrier thwarted a hostile takeover, cut costs and jobs, and eliminated unprofitable routes during its 19-month stint in Chapter 11. It returned to regular trading on the New York Stock Exchange at a time when investors are souring on U.S. airlines.
Rising oil prices and softening demand pose renewed challenges for an industry that has only recently shown signs of recovery from a prolonged downturn sparked by the September 11, 2001, attacks.
Read more at Reuters.com Hot Stocks News
Rising oil prices and softening demand pose renewed challenges for an industry that has only recently shown signs of recovery from a prolonged downturn sparked by the September 11, 2001, attacks.
Read more at Reuters.com Hot Stocks News
Turkish Benchmark Stocks Gain on Election Date; World's Biggest Mover
(Bloomberg) -- Turkish stocks rose for a second day, after parliament approved a date for the country's general elections. Turkiye Garanti Bankasi AS led gains.
Lawmakers voted today to hold a general election on July 22 after the government was forced to call early polls. The move followed a Constitutional Court cancellation of the first round of voting to elect the country's next president.
Read more at Bloomberg Stocks News
Lawmakers voted today to hold a general election on July 22 after the government was forced to call early polls. The move followed a Constitutional Court cancellation of the first round of voting to elect the country's next president.
Read more at Bloomberg Stocks News
Acorn International, Estee Lauder, Unum, Unilever: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Shares prices are as of 10:40 a.m. New York time.
Acorn International Inc. (ATV US) American depositary receipts, each representing three shares, jumped $6.10, or 39 percent, to $21.60 in the first day of trading. The company, which distributes consumer products through direct television sales, sold 7.7 million shares at $15.50 each, raising $119 million in an initial public offering.
Read more at Bloomberg Stocks News
Acorn International Inc. (ATV US) American depositary receipts, each representing three shares, jumped $6.10, or 39 percent, to $21.60 in the first day of trading. The company, which distributes consumer products through direct television sales, sold 7.7 million shares at $15.50 each, raising $119 million in an initial public offering.
Read more at Bloomberg Stocks News
Crude Oil, Gasoline Fall in New York as Belgian Refinery Strike Is Averted
(Bloomberg) -- Crude oil and gasoline plunged after Belgian refiners and workers agreed to a new proposal to resolve a labor dispute and avert a strike.
Belgian oil workers had threatened to go on strike May 10 and halt operations at four refineries in Antwerp with a combined processing capacity of more than 600,000 barrels a day. Royal Dutch Shell Plc, Nigeria's largest foreign oil producer, expects its Forcados export facility in Nigeria to resume operations in June, the company's chief financial officer said today.
Read more at Bloomberg Commodities News
Belgian oil workers had threatened to go on strike May 10 and halt operations at four refineries in Antwerp with a combined processing capacity of more than 600,000 barrels a day. Royal Dutch Shell Plc, Nigeria's largest foreign oil producer, expects its Forcados export facility in Nigeria to resume operations in June, the company's chief financial officer said today.
Read more at Bloomberg Commodities News
RIM courts broader market with BlackBerry Curve
(Reuters) - Aside from all of the standard calling and wireless e-mail functions RIM's devices are known for, the new BlackBerry Curve comes with a 2-megapixel camera with 5X zoom, built-in flash and a full-screen viewfinder.
It lets users watch videos and play music like other BlackBerries, but also comes with an advanced media manager program and a photo editor as well.
Read more at Reuters.com Business News
It lets users watch videos and play music like other BlackBerries, but also comes with an advanced media manager program and a photo editor as well.
Read more at Reuters.com Business News
Apple unveils plans to go greener
(Reuters) - "Today is the first time we have openly discussed our plans to become a greener Apple," Jobs wrote. "I was surprised to learn that in many cases Apple is ahead of, or will soon be ahead of, most of its competitors in these areas."
Among the initiatives are Apple's plans to completely eliminate the use of arsenic in all of its displays, and stop using polyvinyl chloride and brominated flame retardants in its products by the end of 2008.
Read more at Reuters.com Business News
Among the initiatives are Apple's plans to completely eliminate the use of arsenic in all of its displays, and stop using polyvinyl chloride and brominated flame retardants in its products by the end of 2008.
Read more at Reuters.com Business News
Stocks rise on data, S&P climbs past 1,500
(Reuters) - Stocks were boosted by positive reports on the vast services sector, productivity gains and a decline in jobless claims.
Data from the Institute for Supply Management showed the U.S. services sector expanded at a greater-than-expected rate in April.
Read more at Reuters.com Business News
Data from the Institute for Supply Management showed the U.S. services sector expanded at a greater-than-expected rate in April.
Read more at Reuters.com Business News
Unilever Q1 sales jump after good start to 2007
(Reuters) - Quarterly earnings per NV share rose 2 percent to 0.35 euros against analysts' forecasts of 0.27 to 0.36 euros.
The world's third-largest consumer goods group has set its 2007 target to see underlying sales to grow 3 to 5 percent with operating margins above 2006's 13.6 percent.
Read more at Reuters.com Market News
The world's third-largest consumer goods group has set its 2007 target to see underlying sales to grow 3 to 5 percent with operating margins above 2006's 13.6 percent.
Read more at Reuters.com Market News
Strayer Education quarterly profit rises
(Reuters) - Analysts on average had forecast earnings of $1.29 a share, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Fortis reports 13 pct profit jump, raises dividend
(Reuters) - The electric utility holding company credited the higher profit to performance at FortisAlberta, Belize Electricity and Fortis Turks and Caicos as well as increased hydroelectric production in Belize.
Fortis had a profit of C$41.5 million , or 35 Canadian cents a diluted share, for the period ended March 31, up from a profit C$36.6 million, or 34 Canadian cents a diluted share in the same period last year.
Read more at Reuters.com Market News
Fortis had a profit of C$41.5 million , or 35 Canadian cents a diluted share, for the period ended March 31, up from a profit C$36.6 million, or 34 Canadian cents a diluted share in the same period last year.
Read more at Reuters.com Market News
CMS Energy loss widens on charges
(Reuters) - Excluding impairment charges and other one-time items, the company earned 43 cents per share in the latest period.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
U.K. Pound May Gain on Speculation Bank of England to Lift Interest Rates
(Bloomberg) -- The pound may gain, snapping a two-day decline against the dollar, on speculation the Bank of England will keep raising interest rates next week in order to curb above-target inflation.
The U.K. currency fell yesterday after a central bank report showed lenders granted the fewest loans for home purchases since April 2006, and today failed to trade above the psychological $2 mark for the first time since April 17 as investors await tomorrow's U.S. payrolls report for last month.
Read more at Bloomberg Currencies News
The U.K. currency fell yesterday after a central bank report showed lenders granted the fewest loans for home purchases since April 2006, and today failed to trade above the psychological $2 mark for the first time since April 17 as investors await tomorrow's U.S. payrolls report for last month.
Read more at Bloomberg Currencies News
Northam Platinum loses $3.4 mln in strike
(Reuters) - South African platinum miner Northam Platinum Ltd has lost 24 million rand in revenue because of a strike at its mine near Thabazimbi which started on April 29, it said on Thursday.
The National Union of Mineworkers (NUM) was continuing an unprotected "no work, no pay" strike at the mine, the company said in a statement.
Read more at Reuters Africa
The National Union of Mineworkers (NUM) was continuing an unprotected "no work, no pay" strike at the mine, the company said in a statement.
Read more at Reuters Africa
Dollar rises to 2-mo high vs yen after ISM services
(Reuters) - The dollar rose to a two-month high against the yen on Thursday, after a report showed U.S. services sector activity grew stronger than expected in April, easing some concerns about slowing economic growth.
The dollar strengthened to around 120.38 yen, up 0.1 percent on the day and less than half a yen away from highs last seen on February 27 when a wave of risk aversion boosted the Japanese currency.
Read more at Reuters Africa
The dollar strengthened to around 120.38 yen, up 0.1 percent on the day and less than half a yen away from highs last seen on February 27 when a wave of risk aversion boosted the Japanese currency.
Read more at Reuters Africa
UPDATE 1-Hansen Medical says FDA OK's catheter control system
(Reuters) - Shares of the company rose almost 22 percent in pre-market electronic trade to $23 from their Wednesday close of $18.89 on the Nasdaq.
"Hansen Medical is very pleased with the FDA's clearance for the Sensei system, particularly since we previously projected that this clearance would be granted in the second half of 2007," Chief Executive Frederic Moll said in a statement.
Read more at Reuters.com Government Filings News
"Hansen Medical is very pleased with the FDA's clearance for the Sensei system, particularly since we previously projected that this clearance would be granted in the second half of 2007," Chief Executive Frederic Moll said in a statement.
Read more at Reuters.com Government Filings News
MGM Mirage first-quarter profit rises
(Reuters) - Las Vegas-based MGM said diluted earnings per share from continuing operations for the quarter were 55 cents.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Outback Steakhouse same-store sales rose in April
(Reuters) - The company also said sales at restaurants open at least 18 months rose 1.1 percent at its Carrabba's Italian Grills.
) Keywords: OSI SALES/
Read more at Reuters.com Market News
) Keywords: OSI SALES/
Read more at Reuters.com Market News
UPDATE 1-MGM Mirage profit misses view
(Reuters) - Net income in the first quarter rose to $168.2 million, or 57 cents per share, from $144.0 million, or 49 cents a share, a year earlier.
Las Vegas-based MGM said diluted earnings per share from continuing operations for the quarter were 55 cents, below average analyst expectations of 63 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Las Vegas-based MGM said diluted earnings per share from continuing operations for the quarter were 55 cents, below average analyst expectations of 63 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
AIG Global Investment Buys Stake in Bulgarian Telecom for $1.47 Billion
(Bloomberg) -- AIG Global Investment Group agreed to acquire 65 percent in Bulgarian Telecommunications Co., the country's largest fixed-line operator, from Icelandic billionaire Thor Bjorgolfsson for 2.11 billion lev ($1.47 billion).
The New York-based company plans buy an additional 25 percent stake in BTC from minority shareholders, said Pierre Mellinger, who heads AIG Capital Partners' operations in central and eastern Europe, in an interview from London.
Read more at Bloomberg Emerging Markets News
The New York-based company plans buy an additional 25 percent stake in BTC from minority shareholders, said Pierre Mellinger, who heads AIG Capital Partners' operations in central and eastern Europe, in an interview from London.
Read more at Bloomberg Emerging Markets News
Thailand's Bonds, Asia's Best Performing, Extend Gain on Rate-Cut Bets
(Bloomberg) -- Thailand's local-currency bonds, Asia's best performing debt this year, extended gains on speculation interest rates are headed lower for a fourth time in 2007.
Thai bonds handed investors a return of 8.5 percent this year, the most of 10 Asian debt markets tracked by HSBC Holdings Plc. The central bank is looking to revitalize economic growth by cutting borrowing costs to spur lending as inflation slows.
Read more at Bloomberg Bonds News
Thai bonds handed investors a return of 8.5 percent this year, the most of 10 Asian debt markets tracked by HSBC Holdings Plc. The central bank is looking to revitalize economic growth by cutting borrowing costs to spur lending as inflation slows.
Read more at Bloomberg Bonds News
European Note Yields Hold at Five-Year High on Outlook for Interest Rates
(Bloomberg) -- European two-year note yields held near the highest in almost five years as signs the $10.4 trillion euro region economy is growing reinforce expectations the European Central Bank will raise interest rates further this year.
Benchmark two-year yields climbed by the most in two months yesterday after data showed unemployment in Germany slid to the lowest in almost six years. Producer prices in the 13 nations using the euro rose for a third month in March, a report today showed. Traders have maintained wagers of two quarter-point rate increases by the ECB.
Read more at Bloomberg Bonds News
Benchmark two-year yields climbed by the most in two months yesterday after data showed unemployment in Germany slid to the lowest in almost six years. Producer prices in the 13 nations using the euro rose for a third month in March, a report today showed. Traders have maintained wagers of two quarter-point rate increases by the ECB.
Read more at Bloomberg Bonds News
Bank of England Makes `Nice' With Economy on Anniversary of Independence
(Bloomberg) -- Governor Mervyn King says the times since his Bank of England gained independence from British politics have ranged from ``not so bad'' to ``NICE.''
He isn't being dismissive. To the contrary, ``NICE'' is his acronym for ``Non-Inflationary Consistent Expansion'' -- putting it another way, the longest stretch of economic growth in 200 years.
Read more at Bloomberg Exclusive News
He isn't being dismissive. To the contrary, ``NICE'' is his acronym for ``Non-Inflationary Consistent Expansion'' -- putting it another way, the longest stretch of economic growth in 200 years.
Read more at Bloomberg Exclusive News
PREVIEW-Russia could sway EADS dividend vote
(Reuters) - With the presidential vote three days away and aircraft workers staging regular wildcat strikes over job cuts, Paris has blocked German calls for a payout to investors that unions say might rekindle mass protests seen earlier in the campaign.
Industry sources said the Franco-German rift -- the latest in a series of cross-border differences also blamed for delays to the A380 superjumbo -- showed no signs of easing ahead of a board and shareholder meeting in Amsterdam on Friday.
Read more at Reuters.com Bonds News
Industry sources said the Franco-German rift -- the latest in a series of cross-border differences also blamed for delays to the A380 superjumbo -- showed no signs of easing ahead of a board and shareholder meeting in Amsterdam on Friday.
Read more at Reuters.com Bonds News
South African Beef, Veal Production Climbs to Highest in 25 Years
(Bloomberg) -- South African beef and veal production rose to the highest in at least 25 years in 2006 as the increasing wealth of the country's black majority boosted consumption.
Farmers delivered 763,900 metric tons of the meat to the market, a 14 percent increase on 2005, the Pretoria, South Africa-based Department of Agriculture said on its Web site. Imports of beef and veal climbed 4.8 percent to 65,000 tons.
Read more at Bloomberg Commodities News
Farmers delivered 763,900 metric tons of the meat to the market, a 14 percent increase on 2005, the Pretoria, South Africa-based Department of Agriculture said on its Web site. Imports of beef and veal climbed 4.8 percent to 65,000 tons.
Read more at Bloomberg Commodities News
Norilsk bids C$5.3 bln for Canada's Lionore
(Reuters) - "The offer represents a premium of approximately 16.2 percent over the C$18.50 price per LionOre common share offered by Xstrata," Norilsk said.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
AIG to buy Bulgarian telecoms group BTC
(Reuters) - SOFIA, May 3 - Icelandic tycoon Thor Bjorgolfsson has agreed to sell his 65 percent option on Bulgaria's dominant telecoms operator BTC , bringing the total value of BTC to 1.66 billion euros, the company said in a statement to the Bulgarian Stock Exchange.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Asia Draws on $2.7 Trillion of Foreign Reserves to Safeguard Currencies
(Bloomberg) -- Asian finance ministers will this week probably agree to pool part of the region's $2.7 trillion in foreign-exchange holdings to prevent a repeat of the crisis that depleted reserves ten years ago.
Japan's Koji Omi, China's Jin Renqing, South Korea's Kwon Okyu and Southeast Asian ministers are meeting at the sidelines of the Asian Development Bank's annual gathering in Kyoto to discuss a plan to combine some of their reserves to be tapped by member nations when needed. The current arrangement, called the Chiang Mai Initiative after the Thai city in which the accord was forged in 2000, only allows for bilateral currency swaps.
Read more at Bloomberg Currencies News
Japan's Koji Omi, China's Jin Renqing, South Korea's Kwon Okyu and Southeast Asian ministers are meeting at the sidelines of the Asian Development Bank's annual gathering in Kyoto to discuss a plan to combine some of their reserves to be tapped by member nations when needed. The current arrangement, called the Chiang Mai Initiative after the Thai city in which the accord was forged in 2000, only allows for bilateral currency swaps.
Read more at Bloomberg Currencies News
European shares open higher on results; UBS hit
(Reuters) - European shares rose early on Thursday thanks to broadly strong company results, with Dutch retailer Ahold buoyed by the sale of a unit, though UBS was hit by the closure of its hedge fund.
At 0707 GMT, the FTSEurofirst 300 index of top European shares was up 0.3 percent at 1,582.16 points, with British shares outperforming peers in Germany and France on the back of strong figures from Unilever and Royal Dutch Shell.
Read more at Reuters Africa
At 0707 GMT, the FTSEurofirst 300 index of top European shares was up 0.3 percent at 1,582.16 points, with British shares outperforming peers in Germany and France on the back of strong figures from Unilever and Royal Dutch Shell.
Read more at Reuters Africa
Uganda gets $110 mln AfDB loan for power plant
(Reuters) - The African Development Bank (AfDB) has approved a loan to Uganda worth $110 million to finance the construction of a power station and transmission lines, the bank said.
The project involves building and operating the 250-megawatt electricity plant and linking it to the national grid with transmission lines and sub-stations, the Tunis-based bank said in a statement late on Wednesday.
Read more at Reuters Africa
The project involves building and operating the 250-megawatt electricity plant and linking it to the national grid with transmission lines and sub-stations, the Tunis-based bank said in a statement late on Wednesday.
Read more at Reuters Africa
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