| December 19, 2008 |  |
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Chinese steelmaker takes stake in Australian iron ore project Sydney (AFP) Dec 18, 2008 
Australia's Centrex Metals said Thursday that Chinese steelmaker Wuhan had agreed to pay up to 180 million dollars (126 million US dollars) for a half share in its iron ore projects. "This is a landmark, high integrity agreement with a top three steel group in China and is a company-maker for us in every sense," Centrex chairman David Lindh said in a statement. Wuhan will also pay an ... read moreWorld Bank head sees worldwide problem in 2009 
Singapore (AFP) Dec 18, 2008The president of the World Bank warned Thursday of a worldwide struggle in the first half of 2009 as a deepening global economic crisis hits Asian countries. Robert Zoellick also cautioned against a return to trade protectionism that could worsen the crisis. "I am afraid that the first six months of 2009 are going to be a problem worldwide, including in Asia and including in Southeast ... more
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Slovakia picks Czech CEZ as partner for nuke project
Bratislava (AFP) Dec 17, 2008The Slovak government said Wednesday it had chosen Czech energy giant CEZ as a strategic partner to build a new unit at the Jaslovske Bohunice nuclear plant. "We were considering ten potential investors and CEZ was chosen as the most suitable firm," Economy Minister Lubomir Jahnatek said after a cabinet meeting. He added the construction of the unit, about 50 kilometres (31 miles) ... more Obesity increases gasoline consumption 
Champaign, Ill. (UPI) Dec 17, 2008 U.S. scientists have come up with another reason for obese people to lose weight -- excess driver and passenger weight results in excess fuel consumption. In a 2006 study, University of Illinois Professor Sheldon Jacobson and doctoral student Laura McLay estimated the amount of vehicle fuel consumed as a result of overweight and obese passengers. Now Jacobson and doctoral student ... more Nothing Ventured Nothing Gained 
San Francisco (AFP) Dec 17, 2008The coming year threatens to challenge the survival skills of startups and venture capital firms alike, but superstars may rise in 2010 from the world's scorched economic landscape. Such was the sentiment reflected on Wednesday in the results of an annual "predictions survey" of members of the National Venture Capital Association. A survey of some 400 US venture capitalists (VCs) between ... more  |
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US regulators ignored blunt Madoff warnings
New York (AFP) Dec 18, 2008Multiple warnings about Bernard Madoff's activities came across the desk of US regulators over the years, but only the collapse of his alleged Ponzi scheme led anyone to take them seriously. Anger at the US Securities and Exchange Commission (SEC) has been outdone only by anger against Madoff himself since his arrest last week and the spectacular discovery of an allegedly a 50-billion-dollar ... more MacWorld Snub Slices Apple Stocks 
New York (AFP) Dec 17, 2008Apple's share price was pummeled on Wall Street on Wednesday after the company said its iconic chief executive Steve Jobs will not appear at the Macworld Expo next month. The surprise announcement late Tuesday by the maker of the iPod, iPhone and Macintosh computers sparked speculation that Jobs may be ailing or that Apple does not have any new products to present at the annual event in San ... more French nuclear firm Areva says it will deliver uranium to India 
Paris (AFP) Dec 18, 2008French nuclear power engineering company Areva will deliver 300 tonnes of uranium to India under an agreement signed in September, the French company said in a statement on Thursday. The uranium will go to Nuclear Power Corporation of India Ltd (NPCIL) and is the first such shipment since a 34-year international embargo on international nuclear trade with India was lifted in September. ... more France's EDF to buy Constellation nuclear assets for 4.5 bln 
New York (AFP) Dec 17, 2008US-based Constellation Energy Group accepted a 4.5-billion-dollar (3.15-billion-euro) offer from France's EDF for a 49.99 percent stake in its nuclear power business, the companies said Wednesday. Constellation backed out a deal with renowned US investment manager Warren Buffett, whose energy group MidAmerican Energy Holdings Company had offered 4.7 billion dollars for the whole company. ... more |
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