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South Korea’s carriers had announced plans to launch their 5G networks by Friday. But by 5 p.m. local time Wednesday word began to spread that Verizon was planning a surprise debut of its own 5G network as early as Thursday, a full week ahead of its original intended schedule, an official at South Korea’s Ministry of Science and ICT told Reuters. To snatch victory from the jaws of Verizon, the South Korean carriers raced against the clock and agreed to collectively light up the country’s 5G networks just six hours after finding out about Verizon’s plans, said the official, who declined to be named.
South Korean carriers including SK Telecom and KT Corp flipped the switch at 11pm local time (1400 GMT/1000 EST), nearly an hour ahead of when Verizon confirmed it had launched in the two markets in the United States at 10:55am EST (1455 GMT), “It is a pretty big deal for every mobile carrier who green bay packers 3-piece cushion gift set cufflinks can be called the world’s first,” the Ministry of Science official said, On why Verizon accelerated its launch plan by a week, a Verizon spokesman said its network was ready, “Our customers were enthusiastic and ready to use 5G,” the spokesman added..
SAO PAULO/RIO DE JANEIRO (Reuters) - A consortium led by France’s Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil’s Petroleo Brasileiro SA, the state-run oil firm said on Friday, as the company’s biggest divestment draws to a close. In a filing, Petrobras, as the company is known, said the Engie consortium, which includes Canada’s Caisse de Dépôt e Placement du Québec, presented an $8.6 billion bid for 90 percent of the TAG gas pipeline unit in northern and northeastern Brazil.
That topped offers by two competing consortia, led by Itausa Investimentos Itau SA and EIG Global Energy Partners with Mubadala Investment Co, respectively, Two sources with knowledge of the matter said the difference between the bids was very small, The second green bay packers 3-piece cushion gift set cufflinks highest bid, delivered by EIG Global Energy Partners and Mubadala Investment Company, was less than 1 percent below Engie’s bid, they said, Engie subsidiaries in different countries account for 75 percent of the winning consortium and the Canadian pension fund the other 25 percent, one of the sources added, asking for anonymity to discuss undisclosed details..
Around 60 percent of the bid was financed by Itau Unibanco Holding SA , Banco Bradesco SA and Banco do Brasil SA . The EIG-Mubadala group was financed by JPMorgan Chase & Co and Goldman Sachs. The third group, led by Brazilian holding Itausa Investimentos Itau SA, was also financed also by local banks. Banco Santander Brasil SA was Petrobras adviser on the deal. The price tag includes the payment by the Engie group of $800 million in debts to Brazilian state development bank BNDES. At an exchange rate of 3.85 reais to $1, Petrobras said, the deal values all of TAG at 35.1 billion reais.
The divestment represents a victory for current Petrobras leadership and Chief Executive Roberto Castello Branco, who is pushing to aggressively unload assets in a bid to cut debt and refocus on exploration and production, The sale process began in October 2017 but was interrupted last year by a Supreme Court injunction, In September 2016, Petrobras sold a larger gas network pipeline, Nova Transportadora do Sudeste, for $5.2 billion to Brookfield Infrastructure Partners green bay packers 3-piece cushion gift set cufflinks LP, which beat out a bid by Engie..
WASHINGTON (Reuters) - David Malpass, U.S. President Donald Trump’s nominee to lead the World Bank, won unanimous approval from the institution’s executive board on Friday, continuing the 73-year tradition of an American running the world’s largest development lender. The bank said that Malpass, the U.S. Treasury’s undersecretary for international affairs, will start his new role on Tuesday as the World Bank and International Monetary Fund Spring Meetings get underway. Malpass, a former Bear Stearns and Co chief economist who advised Trump’s 2016 election campaign, was the sole candidate. Previous World Bank President Jim Yong Kim, who left in January to join a private infrastructure fund, faced two challengers, from Nigeria and Colombia, in 2012 when he was first selected.
This time around, bank board green bay packers 3-piece cushion gift set cufflinks members had said there was little appetite for a challenge to a U.S, candidate from developed economies such as Europe and Japan, and from larger emerging markets such as China and Brazil, In a phone interview with Reuters, Malpass said he would uphold the bank’s commitment to reducing poverty in the poorest countries and to fight climate change, and pursue goals stated in a $13 billion capital increase last year, In an email to World Bank employees, Malpass emphasized the need to fight extreme poverty and “foster broad based growth for each and every borrower, and a stronger, more stable global economy for all.”..