Mostly higher taking its cue once again from the u. S. Through the shanghai composite, nikkei average and kospi. The hang seng lower by half of a percent. The saudi ipo is on track. The managing are getting some hopes to big investors that the oil giants public debut is on schedule for next year despite the speculation that we are going to see some private investors on the steel like the chinese, which may very well will be likely. The push for tax reform back in the u. S. President trump set to head to capitol hill to encourage republican senators to move forward on tax reform. First daughter ivanka trump spoke about the importance of getting the reform passed. Watch. The tax reform is so critical. We are doing it administratively, and the regulation ever really feeling entrepreneurship in the state in terms of optimism, stock market. I would hear it in every conversation i had with the people through the course of the day. So that is what fuels them and that is what we are fighting f
And Health Officials say women in china has died after contracting another strain of bird flu. A new set of safety guidelines for Nuclear Facilities other than power plants has come into effect. They will cover almost 250 facilities nationwide. The rules are much stricter than before, especially for Processing Plants. Operators will need to take similar measures against accident accidents as those who run nuclear plants. Nhk world has more. Reporter in total, 248 facilities across japan will be subject to the measures. The new rules apply to Nuclear Facilities such as a Nuclear Fuel Fabrication facility in tokai prefecture. Japans Nuclear Regulatory body, the nra, approved the rules last month in response to the 2011 accident at the Fukushima Daiichi Nuclear Power plant. Translator the new safety standards, while laid down, considering japans environmental conditions and other difficulties. I think they are strict enough. Reporter the severity of the requirements varies according to th
Fitch Ratings has upgraded Saudi Electricity Company's (SEC) Long-Term Foreign- and Local-Currency Issuer Default Ratings to 'A+' from 'A', and removed the ratings from Under Criteria Observation (UCO). The National Long-Term Rating was also upgraded to 'AAA(sau)' from 'AA+(sau)'. The agency also said in its reports that all the outlooks are Stable. The upgrade follows a reassessment of SEC's links with the Saudi Arabian government under Fitch's recently updated Government-Related Entities (GRE) Rating Criteria.
Saudi Electricity Company (SEC) has announced that it has secured financing worth SAR11.4 billion ($3.04 billion) for the Taiba 1 and Qassim 1 independent power plant projects, which have a combined cycle gas turbine (CCGT) capacity of 3,600MW.