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South African Court declares R2.5b eNatis contract invalid

CAPETOWN: The High Court in Pretoria has declared that the extension of the eNatis system contract from 2010 to 2015 by former transport department director-general George Mahlalela was invalid from the date of extension. Tasima was awarded the tender to operate‚ manage and maintain the country’s vehicle registration system since 2002. From 2007‚ Tasima provided the service on a month-to-month ... Read More »

Denmark declared 8th-largest shipping nation with tonnage control of 4.11% of total fleet

COPENHAGEN: Danish Shipowners Association has just published the biannual publication ”Shipping in numbers” which shows the development in the Danish merchant fleet. Danish shipping companies came out of 2014 better than expected despite very difficult market conditions. Denmark is the 8th-largest shipping nation measured by tonnage operated. The low rates have meant that Danish shipping companies in a number of ... Read More »

Moody’s declares Finland’s future credit outlook “AAA” for 2016

HELSINKI: The credit rating agency Moody’s has lowered its evaluation of Finland’s future outlook from stable to negative. This means that the rating may fall over the next year. However, in Moody’s assessment, Finland retains the highest possible credit rating AAA. The basis for the negative assessment comes from deterioration in Finland’s growth outlook, partly due to the fall in ... Read More »

Denmark declared 8th-largest shipping nation with tonnage control of 4.11% of total fleet

COPENHAGEN: Danish Shipowners Association has just published the biannual publication ”Shipping in numbers” which shows the development in the Danish merchant fleet. Danish shipping companies came out of 2014 better than expected despite very difficult market conditions. Denmark is the 8th-largest shipping nation measured by tonnage operated. The low rates have meant that Danish shipping companies in a number of ... Read More »

Schlumberger declares dividend of $0.50 per share for Q1-2015

AMMAN: The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.50 per share of outstanding common stock. The dividend is payable on July 10, 2015 to stockholders of record at the close of business on June 3, 2015. Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working ... Read More »

Japan not yet decided to join China-backed Asian Infrastructure Investment Bank

TOKYO: Japan says that they are not bound to join AIIB as dozens of countries from Europe to the Middle East to Africa jump on the bandwagon of joining the China-backed Asian Infrastructure Investment Bank (AIIB). Japan is opting to stay out for now, with officials believing it can sign up later if its conditions are met. Japanese officials have ... Read More »

China court sentences Australian smuggler to death

CANBERRA: A young Australian man has been sentenced to death and another is awaiting trial after being caught by Chinese authorities trying to smuggle methamphetamine from China to Australia. Queensland man Ibrahim Jalloh and another Australian citizen, Bengali Sherrif, were arrested by the Chinese authorities at Guangzhou airport in June last year, but until now their plight has remained secret. ... Read More »

Norway Lundin Petroleum declares 2015 budget of $1.45b, shows 31% decrease

OSLO: Norway Lundin Petroleum AB (OMX:LUPE) announces its 2015 development, appraisal and exploration budget which totals USD 1.45 billion and represents a 31 percent decrease on forecast 2014 capital expenditure. Development, appraisal and exploration budget totals USD 1.45 billion and represents a 31 percent decrease on forecast 2014 capital expenditure. The 2015 expenditure on development projects is budgeted at USD ... Read More »