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ENN Ecological, a subsidiary of the Chinese ENN Group, acquired its unprofitable gas liquefaction unit in the United States from Toshiba Japan for $15 million. Toshiba will also pay $821 million to the Japanese company during the transfer of obligations for the purchase of liquefied natural gas in Texas for $7 billion, which will take effect in 2020. The deal will allow ENN to become the largest direct LNG buyer from the USA in China and successfully compete with Chinese state corporations. The new terminal in Zhoushan, northern China will also be a great advantage for ENN, where enterprises are abandoning coal and switching to natural gas. The plans of the Chinese company are to increase the capacity of the terminal to 5 million tons of LNG per year in the first half of 2021.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
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