A Texas petroleum drilling company made an announcement on Tuesday that it has discovered a large-scale oil sources off Alaska’s North Slope. Chief Operating Officer Jim Musselman called The Smith Bay development has capacity to deliver 200,000 barrels per day of light oil to the trans-Alaska pipeline which would help extend its viability, the company…
US electric car manufacturer Tesla, which has yet to make a profit, has reported a sharp growth in car deliveries for the past quarter. The firm said it shipped 24,500 cars in the third quarter, more than 70% on the second quarter and over double the number delivered in the same period in 2015. It…
Singapore’s highly expensive properties are now cheaper as compared to luxury properties in other major cities, according to a property analyst at JPMorgan in Singapore. There has been a drop of 15-25 % prime and luxury residential prices making it an attractive destination for ultra high investors. Singapore’s government does not allow developers to keep…
British Prime Minister Theresa May on Sunday said she will formally begin the process of the UK’s exit from the European Union by the end of March 2017, ending the speculation surrounding the timing of the move. May confirmed the deadline for triggering Article 50 of the Lisbon Treaty, which sets in place a two-year…
Pakistan Stock Exchange Ltd has received interest from international companies including the Shanghai Stock Exchange to buy a stake, the head of the Pakistani stock exchange said on Monday. The Pakistani stock exchange was looking for a strategic investor and in July invited companies to show interest in buying a stake of up to 40…
