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World

ERGO's investment in Chinese insurance company approved by EU

BRUSSELS, Aug. 3 (Xinhua) -- The acquisition of a Chinese insurance company by Germany's ERGO Versicherung AG (ERGO) together with China's Shandong Hi-Speed Group Corporation (SDHS) was cleared at the European Union (EU) level on Monday.

Energy

Genex Power clinches deal from J-Power

SYDNEY: Australia’s Genex Power Ltd said yesterday that Japan’s J-Power would invest as much as A$25mil (US$17.8mil), finalising a deal that secures funding for Genex’s equity component of the Kidston pumped hydro project.