Rich world should help emerging countries cut pollution-Glencore chairman PARIS, May 21- Rich countries should help developing countries like India limit their carbon emissions by supporting the building of more expensive but cleaner energy plants, Glencore chairman Tony Hayward said on Thursday. Hayward said that India, where hundreds of millions of people have no access to electricity, is about to build 200 gigawatts of...
| By: Alister Doyle and Geert De Clercq
GLOBAL ECONOMY-Weak euro zone, Asia pin hopes on U.S. economy for global bounce *PMIs point to 0.4 pct euro zone growth in Q2- Markit. *No signs of a Q2 pickup in Asia- HSBC. LONDON/ SYDNEY, May 21- Euro zone business growth was weaker than expected this month and factory activity in Asia's top two economies remained stuck in low gear, putting the onus squarely on the United States to drive a pick-up in global growth.
| By: Jonathan Cable and Ian Chua
UPDATE 1-BP suspends West Azeri platform for planned maintenance BAKU, May 21- British oil major BP has suspended operations at West Azeri, one of its platforms in the Caspian Sea, for planned maintenance, Tamam Bayatly, a spokeswoman for BP Azerbaijan, told Reuters on Thursday. Oil output from the main Azeri, Chirag and Guneshli oilfields operated by BP, which account for most of Azerbaijan's output, rose to 8 million tonnes in the...
GLOBAL ECONOMY-Weak China factories chill hopes for global bounce, U.S. lift needed *China factory activity contracts for third straight month in May. *No signs of a Q2 pickup in Asia- HSBC. The lacklustre performance in China and Japan, along with alarmingly weak export data from South Korea and Taiwan, put the burden of supporting global growth squarely on Europe and particularly the United States, which is struggling to get back on track after a...
| By: Ian Chua