Tuesday, 5 January 2016

BDGC ENERGY LIMITED EMERGES



                                    
On behalf of the entire team at BDGC ENERGY LIMITED, We wish you all a Happy Christmas and a Happy New Year, may it be a fruitful year for all of us.
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FOR FURTHER ENQUIRIES, FEEL FREE TO SEND US AN EMAIL AT info@bdgclimited.com OR CALL US ON 2348133237589.
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*TOGETHER WE CAN ACHIEVE REMARKABLE SUCCESS THIS YEAR, LET’S MAKE IT A MEMORABLE ONE TOGETHER*

Monday, 19 October 2015

Four Things to Know About 'Beasts of No Nation' Star Abraham Attah


Abraham Attah (left) and Idris Elba in 'Beasts of No Nation'
 Courtesy of Netflix/Venice Film Festival

Abraham Attah (left) and Idris Elba in 'Beasts of No Nation'The teenager from Ghana makes his acting debut in Netflix's first original feature film.

Starring as the child soldier at the center of Netflix's first original feature film, Beasts of No Nation, first-time actor Abraham Attah has received critical acclaim for his performance opposite Idris Elba in the Cary Fukunaga-written and -directed movie. Attah, who was discovered skipping class and playing soccer in Ghana, has already received an award for his work in Beasts, taking home the Marcello Mastroianni prize for best new young actor or actress at the 2015 Venice Film Festival, where Beasts premiered.
The movie began streaming on Netflix on Friday and is also playing in select theaters through a deal with Bleecker Street and Landmark Theatres. In its opening weekend, the film grossed an estimated $50,699 at the box office, from 27 theaters in 30 markets, for a location average of $1,635.
Read on to find out more about Attah, his work in the film and what he's doing now.
He Was Discovered on a Soccer Field in Ghana and Impressed Fukunaga and the Casting Director with His Ability to Tap into his Emotions:
Attah was skipping class and playing soccer on a school field when casting director Harrison Nesbit walked over and asked him if he'd be interested in auditioning for a movie.

"We were playing football in front of a school, and a

Zambia seeks divine help to tackle economic woes


By: Reuters
Last Updated: 19 October 2015
Zambia seeks divine help to tackle economic woes. PHOTO; Wikipedia
Zambians took part in a national day of prayer on Sunday seeking divine help for the country's economic woes following a collapse in global copper prices.
Zambia, Africa's second biggest copper producer, has seen its kwacha currency tumble nearly 50 percent against the dollar this year, driving up food prices.
Responding to an appeal from President Edgar Lungu, churches across the southern African nation conducted prayer services.
All Sunday soccer matches were postponed and bars and restaurants were encouraged to close in a bid to encourage more Zambians to join the prayer gatherings.
"I personally believe that since we humbled ourselves and cried out to God, the Lord has heard our cry," Lungu said in an address on Sunday. "I appeal to all of you to do your best and leave the rest to God."
Its 1996 constitution designates Zambia officially as a Christian nation.
Its economic woes have also caused power shortages.
"The shortage of electricity has affected all of us. Companies are scaling down production and laying off workers," Catholic priest Michael Mawelera said during Sunday mass at Good Shepherd Kabwata parish in the capital Lusaka.
"Prices of essential commodities have risen because of the depreciation of the kwacha. We need to seek God's hand," he said.
Zambia's economy is expected to grow by less than 5 percent this year, down from an earlier projection of around 6 percent, Finance Minister Alexander Chikwanda told Reuters last month.

S.Africa's rand close to 6-week highs as U.S. Fed hike in doubt


By: Reuters
Last Updated: 19 October 2015
S.Africa's rand close to 6-week highs as U.S. Fed hike in doubt. PHOTO: Reuters
South Africa's rand traded close to recent six-week highs against the dollar on Monday, supported by the possibility that the U.S. central bank might not raise interest rates this year.
The local stock market looked set to open flat at 0700 GMT as indicated by the Top-40 futures index which was up only 0.01 percent.
By 0654 GMT, the rand was at 13.0435 versus the greenback, up 0.32 percent from Friday's close at 13.0850.
The local unit was within striking distance of last Thursday's high of 13.0300, its strongest level since Aug. 27 according to Thomson Reuters data.
Some investors are now pricing in the likelihood that the U.S. Federal Reserve could defer interest rate hikes to next year.
This has boosted appetite for emerging market currencies like the rand, which have been sold heavily since the start of the year as investors bet on U.S. policy tightening commencing in 2015.
"Without any catalysts due today I would expect the rand to trade within a slightly narrower range than what we have become accustomed to over the past couple of weeks," Standard Bank trader Warrick Butler said.
"A range of 13.0300-13.1700 should hold for today but if we get a break through last week’s low (for dollar/rand) we could get a quick run to 12.95."
On the debt market, the yield for debt maturing in 2026 dipped 1 basis point to 8.135 percent.

Slow economic growth squeezes South Africa's Shoprite Q3 turnover


By: Reuters
Last Updated:
South Africa's grocer Shoprite Holdings said it was hit by weaker economic growth and lacklustre demand. Photo: Wikimedia
South Africa's grocer Shoprite Holdings on Monday reported slowing third quarter sales, hit by weaker economic growth and lacklustre demand from its core customers.

Africa's largest retailer said turnover for the three months to September rose 6.7 percent compared to a 12.3 percent increase in the same period last year.

"The core customer base of its flagship Shoprite chain in particular remained under pressure from mining job cuts, rising electricity costs, labour instability and lack of job creation," the company said in a statement.

Third quarter performance was also affected by fewer store openings but Shoprite said it expected better sales in festive season.

Shares in Shoprite were down 4 percent at 152.50 rand at 0900 GMT falling short of a 0.5 percent rise in the Johannesburg Securities Exchange's General Retailers index.

Consumers in Africa's most advanced economy are tightening their belts amid rising interest rates, higher energy costs and the first income tax hike in more than a decade.

South Africa's reserve bank cut 2015 growth forecast to 1.5 percent in September mainly due to contractions in agriculture, mining and manufacturing.

A $1.5 billion startup that’s been stealing Salesforce execs is growing like crazy

Business InsiderInsidesales.com CEO Dave Elkington(Insidesales.com)
Insidesales.com CEO Dave Elkington
Insidesales, last valued at roughly $1.5 billion, is a startup that makes software for salespeople. It dissects billions of sales-related data to predict the best time and person to contact when selling something.
The company’s been making a lot of headlines for its growth and predictive technology, but it’s also known for its recent hiring spree — particularly for bringing in a bunch of executives who were once a major part of Salesforce, the $50 billion cloud software maker.
In the past year alone, Insidesales has hired six former Salesforce executives, including:

China's economic growth dips to 6-year low but consumer spending helps avert deeper downturn Associated Press

China's economic growth declines to 6-year low
.
View photo
In this Oct. 11, 2015 photo, a woman works with equipment in a factory manufacturing solar power panels in Shangrao in central China's Jiangxi province. China's economic growth decelerated in the latest quarter but relatively robust spending by Chinese consumers helped to avert a deeper downturn. The world's second-largest economy grew by 6.9 percent in the three months ended in September, the slowest since early 2009 in the aftermath of the global crisis, data showed Monday, Oct. 19, 2015. That was down from the previous quarter's 7 percent. (Chinatopix via AP) CHINA OUT


BEIJING (AP) -- China's economy decelerated in the latest quarter but stronger spending by consumers who are emerging as an important pillar of growth helped to avert a deeper downturn.
The world's second-largest economy grew by

Warning sign: Tech companies of all sizes and ages are starting to have layoffs

Business Insider
What do Twitter, Microsoft, and Snapchat all have in common?
They have all had layoffs in recent months.
The reasons for the layoffs are as varied as the companies' products, but the job cuts provide an interesting counterpoint to the parade of mega-funding and billion-dollar startup announcements that have dominated headlines all year.
Even as the tech industry appears to be thriving (and, some argue, at or nearing dangerous bubble levels), tech companies are cutting costs and handing out pink slips.
The question is whether the layoffs are a healthy sign, reflecting disciplined businesses taking measures precisely to avoid overextending themselves, or the first early-warning signals of a changing market.
"There is a general sentiment that the tech-financing market is getting tougher at every stage," says Chi-Hua Chien, cofounder of the venture capital firm Goodwater Capital.
He notes that recent layoffs at Twitter and at

Intel Chips Set To Power iPhone 7 And Microsoft's Surface Smartphone

Apple Removes Ad Blocking Apps Security Concerns
According to a report, Intel has created a team of more than 1,000 employees to work on delivering its new modem for Apple's iPhone 7 in 2016. Reuters/Mike Segar
LONDON -- Intel, which has been playing catch-up in the mobile chip market, could soon become one of the biggest players in the industry if reported deals with Apple and Microsoft work out.
According to a report from VentureBeat, Intel has created a team of more than 1,000 employees to work on delivering its new modem for Apple's iPhone 7 in 2016. According to the report, Apple has yet to officially sign any contract with Intel, but if the company continues to meet its delivery milestones for the much-lauded 7360 LTE modem chip, then Intel could have a major coup on its hands.
The company has struggled to gain a foothold in the

Asian Stocks Mixed, Europe Rises As Investors Shrug Off Soft Chinese Data

Markets_Creative
A pedestrian touching her face is reflected on an electronic board showing the various stock prices outside a brokerage in Tokyo, Japan on Aug. 27, 2015. Reuters/Yuya Shino
Asian shares were mixed, while European stocks hit a five-week high Monday, as global investors weighed the potential impact of slowing growth in China. The world's second-largest economy grew by 6.9 percent in the July-September quarter -- narrowly ahead of analysts’ forecasts of 6.7 percent.
China’s benchmark Shanghai Composite Index fell 0.7 percent, before paring its losses and trading down 0.1 percent. Hong Kong’s Hang Seng traded mostly down during the day, before closing flat. Stocks were shielded from further falls by

Walmart Paid Bribes Worth Millions Of Dollars In India: Report

By on
Walmart Mexico
Passengers sit inside a bus in front of a Wal-Mart store in Mexico City, April 24, 2015. Reuters/Edgard Garrido
Wal-Mart Stores Inc. engaged in suspected bribery worth millions of dollars in India, the Wall Street Journal reported Monday, citing a federal investigation into allegations of corruption in the company. Investigators discovered the suspected bribery while investigating alleged corruption at the American retail giant's operations in Mexico.
The report stated that Wal-Mart paid thousands of small payments to low-ranking Indian officials to help move goods through customs or acquire real-estate permits. In 2013, Wal-Mart dropped plans to open stores in the South Asian country in a

Morgan Stanley's Profits Slump As Bond Trading Revenue Declines

MorganStanley_Sept2015
Morgan Stanley missed third-quarter earnings estimates to report a drop in profits on Monday, Sept 19, 2015. Pictured: Images and market data is displayed on digital display signs on the exterior of the headquarters of Morgan Stanley at 1585 Broadway in New York's Times Square on Sept. 16, 2015. Reuters/Mike Segar
American investment banking giant Morgan Stanley reported quarterly earnings Monday, falling well short of analysts’ expectations. The company's stock dropped 5.7 percent in pre-market trading immediately after the announcement.
The firm posted net revenues of $7.8 billion for the third quarter ended Sept. 30, 2015 compared with $8.9 billion a year ago, and net income of $1.02 billion, or

Friday, 16 October 2015

S. Africa's gas Mossel Bay plant risks running out of supplies by mid-2017

By: Reuters
Last Updated: 16 October 2015
SA's national oil company, PetroSA, says its flagship Mossel Bay gas-to-liquid plant could run out of local gas supplies by 2017. Wikipedia
South Africa's national oil company, PetroSA, says its flagship Mossel Bay gas-to-liquid plant could run out of local gas supplies by 2017 after an offshore drilling campaign yielded only 10 percent of the expected gas reserves.

The $1 billion offshore drilling campaign along South Africa's southern coast, which completed 3 out of 5 wells before being stopped, only realised 25 billion cubic feet out of an anticipated 242 bcf of gas that could be commercially extracted.



South Africa's rand firms on weak U.S data, stocks falter


By: Reuters
Last Updated: 16 October 2015T
South Africa's rand rallied to its firmest level in almost two months against the dollar on Thursday. PHOTO: REUTERS/Siphiwe Sibeko
South Africa's rand rallied to its firmest level in almost two months against the dollar on Thursday as limp retail sales and producer prices fell, dampening bets of a U.S Federal rate hike.

Stocks fell as mining shares lost ground after iron ore, gold and platinum prices tumbled.

By 1550 GMT, the rand had gained 1.01 percent to 13.0900 per dollar on Thursday, near its firmest since August 28, as the unit rode the wave of an emerging markets rally spurred by the weak data in the United States.

The greenback was weighed down by soft retail sales and the biggest producer prices falls in eight months.[ID:nL1N12E0UR]

"The rand has generally posted and maintained gains post the NFP (non-farm payrolls) at the beginning of the month," currency analysts at Nedbank said in a note.

"This is largely attributable to the diminishing prospects of a rates lift off in the U.S this year."

Government bonds tracked the currency firmer, with the paper due in 2026 shedding 9 basis points to 8.14 percent.

After a dearth of domestic data this week, the rand faces pressure from a raft of releases, with inflation, retail sales and the finance minister's medium term budget speech before parliament all due next Wednesday.

A Reuters poll of economists found that the South Africa was likely to remain in stagflation - slow or no growth with quicker inflation - going into 2016 due to the gloomy global outlook for commodity prices.[ID:nL3N12E51B]

On the bourse, the benchmark Top-40 index shed 0.31 percent to 47,462 points while the broader All-share index lost 0.17 percent to 52,966 points on mining stocks.

Johannesburg-listed mining index fell 1.12 percent dragged down by lower iron ore, gold and platinum prices. Kumba Iron Ore fell 2.7 percent to 83.66 rand.

Shares in Murray & Roberts Holdings fell 0.45 percent to 11.10 rand after shedding more than 7 percent on Wednesday following the collapse of a bridge support structure over one of South Africa's busiest motorways, killing two commuters and injuring 21. The company said it had started a probe into the incident. [ID:nL8N12F3EU]

"The share price was hit a lot yesterday and I think it was a bit oversold. The temporary bridge collapsing is probably not going to effect the share price in the long run," said Vasili Tirasis, a trader at BNP Bernstein.

The incident also led construction equipment company Waco International to postpone a planned listing on the Johannesburg Stock Exchange.

Safaricom bags lion's share of Kenyan mobile revenues - regulator


By: Reuters
Last Updated:
Safaricom dominates the Kenyan mobile market, sweeping up more than 90 percent of revenues. PHOTO:REUTERS/Antony Njuguna
Safaricom dominates the Kenyan mobile market, sweeping up more than 90 percent of revenues in areas such as voice calls and text messaging, according to regulator data that could further fuel a debate about competition in the industry.
Rivals like Bharti Airtel and some officials have complained that Safaricom's dominance stifles competition. France's Orange is seeking to sell its Kenya operation, becoming the second international operator to quit the country after India's Essar Telecoms sold its Yu business last year.
The data obtained by Reuters comes as the East African nation is amending the telecom sector's competition law to give the regulator more p

Apple's newest courtroom foe is a patent-savvy university


As a veteran of the global smart phone wars, Apple(AAPL.O) is used to courtroom battles with fierce competitors such as Samsung(005930.KS) and Nokia(NOKIA.HE).This week, however, a federal jury returned a verdict against Apple in a lawsuit brought by a different kind of adversary: a public university.
The University of Wisconsin-Madison's licensing arm, the Wisconsin Alumni Research Foundation, convinced a jury that Apple had infringed its patent for improving chip efficiency when the company incorporated the technology into some of its phones and tablets.
Research institutions and universities have not traditionally been major players in patent litigation, and even now schools still launch relatively few patent suits compared to private companies - about 40 to 50 cases per year, according to preliminary research by University of Alberta professor Tania Bubela.
But within that world, WARF has become an

Honeywell profit beats as costs fall


Honeywell International Inc (HON.N), a U.S. manufacturer of aerospace parts and climate control systems, reported a better-than-expected quarterly profit as costs fell.The company, whose customers include Airbus Group SE (AIR.PA), Boeing Co (BA.N) and Bombardier Inc (BBDb.TO), has been cutting jobs and selling or merging businesses to reduce costs and boost efficiency.
Honeywell's expenses fell about 7 percent to $6.65 billion in the third quarter, while operating margins rose to 18.3 percent from 16.2 percent, a year earlier.
However, the company's revenue fell 5 percent, missing analysts' expectations, hurt by a strong dollar.
Honeywell also cut its 2015 revenue forecast to

Turkey shoots down drone near Syria, U.S. suspects Russian origin


Turkish warplanes shot down an unidentified drone in Turkish air space near Syria on Friday and a U.S. official said Washington believed it was of Russian origin.The Russian defense ministry said all of its planes in Syria had safely returned to base and that all its drones were operating "as planned".
The downing of the drone highlights the risks to NATO member Turkey as Syrian, Russian and U.S. coalition aircraft fly combat missions so close to its borders.
The Turkish military said its jets had shot down the aircraft after it continued on its trajectory despite three warnings, in line with its rules of engagement. Broadcaster NTV said it had come 3 km (1.9 miles) into Turkish air space.
"It's a drone. We are trying to identify its nationality," a senior Turkish government official told Reuters.
A U.S. official told Reuters that Washington suspected it was a Russian drone, but said the information was still preliminary and declined to give any more details.
Russian jets violated Turkish air space on two occasions earlier this month and Turkey has warned it will respond if the incursions are repeated.
Russia's air strikes in Syria mean that Russian and NATO planes are now flying combat missions in the same air space for the first time since World War Two, heightening concern that the Cold War enemies could fire on each other.
The Russian air force officially informed the Turkish military on Thursday about the violations by Russian jets earlier this month, and about steps it would take to prevent a repetition.
Turkey has also reported unidentified aircraft and Syria-based missile air defense systems harassing its warplanes several times in recent months.
(Additional reporting by Daren Butler in Istanbul, Phil Stewart in Washington, Vladimir Soldatkin in Moscow; Writing by Nick Tattersall)

Lamar Odom Update: Is Khloé Kardashian's Ex Brain Dead? 'KUWTK' Star Wants To Move Him To LA Hospital

Lamar Odom_1
Lamar Odom's estranged wife, Khloe Kardashian, wants to move him to a Los Angeles hospital so that he can stay close to his family and friends, according to Hollywood Life. Getty Images/Doug Pensinger
Khloé Kardashian desperately wants to move her estranged husband Lamar Odom to Los Angeles as the former NBA player remains in coma in a hospital in Las Vegas. Odom was found unconscious and bleeding from the mouth and nose at Love Ranch South, a legal brothel in Pahrump, Nevada, on Tuesday.
Khloé, who is in charge of Odom’s medical care despite signing divorce papers in July, remained by his side at Las Vegas’ Sunrise Hospital & Medical Center, while her mother Kris Jenner and sister Kim Kardashian flew back home to Los Angeles Thursday.
“Khloé wants Lamar in Los Angeles because she

Amazon In Talks For Stake In Bangalore's Local Handyman Services Startup Housejoy: Report

RTR480QM
Jeff Bezos, founder and CEO of Amazon, poses as he stands on a supply truck during a photo opportunity at the premises of a shopping mall in the southern Indian city of Bangalore, Sept. 28, 2014. Reuters/Abhishek N. Chinnappa
BANGALORE, India -- Amazon.com, Inc. is in advanced talks for a stake in city startup Housejoy.in, a local on-demand handyman provider, the Economic Times reported Friday, citing three people with knowledge of the plans. The southern city of Bangalore is well established as India's tech and startup hub.
Amazon could lead a clutch of investors in a funding round that could raise between $15 million and $20 million at Housejoy, backed by Growth Story, the organization through which Bangalore’s serial entrepreneur couple Meena and Krishnan Ganesh support startups, and venture capital firm Matrix Partners, the newspaper reported.
Krishnan Ganesh declined to comment when contacted by International Business Times through a company spokesman. An Amazon spokeswoman declined to comment.
From fixing electrical blowouts to