 | Qatalum inks $13.5mn
deal with Saudi firm
THE National Shipping
Company of Saudi Arabia
(NSCSA) has signed a 50.63 million
Saudi riyals ($13.5 million)
deal to transport aluminum
products for Qatar Aluminum
Company (Qatalum) from the
Mesaieed port to the US.
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| | GAIL eyes project stakes, long-term deals |
 INDIA´S state-owned gas
utility GAIL India Ltd is evaluating
several proposals for
equity stakes and long-term
supply deals in the United
States, Middle East and
Southeast Asia, its chairman
said on Saturday.
The company´s strategy is
part of the country´s efforts
to secure overseas energy
supplies to satisfy rising
domestic demand.
GAIL signed a deal with
US-based Cheniere Energy
in December to buy 3.5 million
tonnes of LNG a year
under a 20-year contract
starting from 2017.
It has been in talks with
Macquarie Energy, which
has a share in the US-based
Freeport LNG project, and
last year, agreed to buy a 20-
percent stake in one of
Carrizo Oil & Gas Inc´s US ... | | | US economy lacks
strength to sustain
gains: Bernanke |  FEDERAL Reserve
Chairman Ben Bernanke
says the US economy still
lacks enough spending and
investment to sustain its
recent gains.
Bernanke says consumer
demand remains weak relative
to its level before the
Great Recession. He notes
that other contributors to
economic growth - including
borrowing and trade -
have declined.
Ben Bernanke said the
slow recovery from the
Great Recession and 2008
financial crisis illustrates
how vulnerable the global
economy is, while urging
economic policymakers to
learn from that lesson.
The Federal Reserve
chairman noted the
extraordinary steps taken
by the Federal Reserve and
other central banks around
... | | | PepsiCo CEO´s base
salary up 23%, got
$17mn in 2011 |
 PEPSICO Chief Executive
Indra Nooyi had total compensation
worth $17.1 million
last year, up 6 percent from
2010, even as the food and
drink company failed to meet
its key internal performance
targets.
The increase is largely due
to a 23 percent jump in
Nooyi´s base salary - her first
raise in five years as CEO -
and a gain in the value of her
retirement benefits.
Nooyi, 56, has come under
pressure from Wall Street for
allowing PepsiCo´s North
American soft drink business
to languish while she focused
on healthier products.
Nooyi got a base salary of
$1.6 million in 2011, up from
$1.3 million before. The new
salary is more in line with that
of her peer group ... | |
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