LONDON - Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus program.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Gazprom, Air Liquide to develop helium in Siberia
MOSCOW (Reuters) - Russia's top natural gas producer Gazprom (GAZP.MM) and France's Air Liquide (AIRP.PA) signed a Memorandum of Understanding with a view to jointly develop helium deposits in Eastern Siberia, Gazprom said on Tuesday.
"According to terms of the MOU, Air Liquide and Gazprom Export intend to study forms of strategic cooperation such as joint production, transportation, storage and marketing of helium within the Helium Project framework," Gazprom's exporting arm, Gazprom Export, said in a statement.
Gazprom has signed several such deals, including with Japan's Matheson, to tap vast reserves of helium, which is used in a range of industries, such as aviation, aerospace, electronics, nuclear power, and healthcare.
Gazprom's new helium production facility in East Siberia is scheduled to start producing liquid helium by around 2018.
(Reporting by Vladimir Soldatkin; editing by Megan Davies)
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