DUBLIN - Ireland's finance minister said the country would not be the "whipping boy" for what he called a flawed U.S. Senate report that said Irish loopholes helped technology giant Apple shrink its tax bill.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Saudi's Bahri gains 9 percent after merger announcement
JEDDAH, Saudi Arabia |
JEDDAH, Saudi Arabia (Reuters) - Shares at Saudi National Shipping Co (Bahri) 4030.SE rose 9 percent on Saturday after it signed an agreement with Saudi Aramco to buy its Vela marine unit for $1.3 billion in cash shares.
On Wednesday State oil giant Saudi Aramco and Bahri announced the agreement that would make Bahri the world's fourth largest owner of very large crude carriers, or VLCCs. Bahri will be the exclusive provider of VLCC crude oil shipping services to Saudi Aramco, under a long term agreement.
(Reporting by Asma Alsharif)
- Tweet this
- Share this
- Digg this