AES To Sell Mong Duong 2 Coal-Fired Plant In Vietnam – Quick Facts

Energy company AES Corp. (AES) announced Monday that it agreed on December 31, 2020 to sell its entire equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a US-based investor.

This transaction is expected to close in late 2021 or early 2022, subject to customary approvals, including from the Government of Vietnam and the minority partners in Mong Duong 2.

AES owns a 51% equity interest in Mong Duong 2, Posco Energy Co. Ltd. owns 30% and Stable Investment Corp., a subsidiary of China Investment Corp., owns the remaining 19%.

The construction of Mong Duong 2 was completed in 2015 under a Build-Own-Transfer (BOT) contract, with a 25-year Power Purchase Agreement (PPA) with Vietnam Electricity (EVN), a state-owned utility.

Teledyne Technologies to buy FLIR Systems in $8 billion deal

(Reuters) -Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal.

FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.

That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.

FLIR shares jumped 25.4% to $54.39 in premarket trading on Monday.

Gold gains ₹877; silver jumps ₹2,012

Gold rose ₹877 to ₹50,619 per 10 gram in the national capital on January 4 in line with gains in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹49,742 per 10 gram.

Silver also gained ₹2,012 to ₹69,454 per kg, from ₹67,442 per kg in the previous trade.

In the international market, gold was quoting higher at $1,935 per ounce and silver was also trading in the green at $27.30 per ounce.

“Gold prices surged on a dollar decline,” said HDFC Securities Senior Analyst (Commodities) Tapan Patel.

Schlumberger Completes Contribution Of OneStim Business To Liberty – Quick Facts

Liberty Oilfield Services Inc. (LBRT) and Schlumberger (SLB) announced the completion
of the contribution of Schlumberger’s onshore hydraulic fracturing business in
the United States and Canada to Liberty, including its pressure pumping, pumpdown perforating, and Permian frac sand businesses, in exchange for a 37% equity interest in Liberty.

Liberty will continue to be led by its current management team. The company added two representatives from Schlumberger to its board of directors – Simon Ayat, Senior Strategic Advisor and former Executive Vice President and Chief Financial Officer, and James McDonald, President of Americas Land.

Pizza Hut Offers New ‘Nothing But Stuffed Crust’ Pizza

Pizza Hut is offering a “Nothing But Stuffed Crust,” in a celebration to the 25th anniversary of stuffed crust Pizza’s debut.

The company said that Nothing But Stuffed Crust, a literal ring of golden-brown crust baked to perfection with cheesy goodness inside, is available exclusively in select Los Angeles and Dallas locations from January 5-7.

It is available for free with a $10 purchase to the first fifty customers each day, per location. Offer not available online or for delivery or dine-in so call to order for carryout or contactless curbside pickup, where available, Pizza Hut said in a statement.

Pizza Hut said that a $11.99 three-topping original stuffed crust pizza is available for a limited time at participating Pizza Hut locations nationwide for contactless delivery, carryout and curbside pickup.

Nicola Sturgeon to announce full national lockdown in Scotland from TONIGHT

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Stronger Demand Is Behind the Oil Price’s Rebound

The Brent crude price has bounced from about $40 per barrel in mid-2020 to more than $50, with stronger demand behind the rebound as progress on Covid-19 vaccinations promises a return to normality. Bloomberg Economics splits the change in price into demand and supply drivers and estimate that a demand pick-up accounted for $25 of the gain over the last six months. Higher supply has weighed on prices, though, subtracting $15 per barrel.

Drugmakers To Cut Prices By Half To Get On China’s Medical Insurance List

Drugmakers have agreed to cut prices by around 50% for 119 medicines in order to have them included in China’s state medical insurance scheme from March.

China’s National Health Security Agency announced that some 119 medications have been included into the latest national essential drug list for reimbursement after considerable cuts in their prices.

These drugs were among the 162 drugs that were included in price negotiations between the administration and their producers earlier this year. Following price negotiations their cost dropped by nearly 51 percent on average, according to the administration.

Ninety-six of them are branded drugs with no generic versions available in the domestic market, according to the statement.

The drugs include some key products made by foreign pharmaceutical companies, such as Novartis’ inflammation drug Cosentyx, and Teva Pharmaceutical’s Austedo treatment for Huntington’s disease.

Some antiviral drugs, including Arbidol and Ribavirin, which can be used for treating COVID-19, are among the new drugs that were added to the list.