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 Ottawa (AFP) Aug 31, 2009 
PetroChina has agreed to purchase a 60-percent stake in two oil sands projects in Western Canada for 1.9 billion dollars (1.7 billion US), the seller announced Monday. The MacKay River and Dover oil sands projects owned by private Athabasca Oil Sands Corporation are located in the northeastern part of Alberta province, and have been independently assessed to hold about five billion barrels ... read more 
Tokyo (AFP) Aug 31, 2009Investors on Monday cheered the Japanese opposition's election landslide, chasing stocks up to the highest level of 2009 on hopes that a new government will get to work on reviving the ailing economy. The yen hit a seven-week high against the dollar after a crushing win by the Democratic Party of Japan that ends more than half a century of almost unbroken conservative rule and clears the way ... more
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New York (AFP) Aug 31, 2009Oil prices fell under the 70 dollar a barrel level on Monday after a stock market plunge in China sent jitters across world markets about prospects for global economic recovery. New York's main futures contract, light sweet crude for October delivery, closed at 69.96 dollars, down 2.78 dollars from Friday's closing price. London's Brent North Sea crude for delivery in October lost 3.14 ... more  
Paris (AFP) Aug 31, 2009French nuclear giant Areva said on Monday its first half net profit plunged 79 percent as it took a charge of 550 million euros (787 million dollars) on a reactor being built in Finland. Net profit fell to 161 million euros from 760 million euros in the six months to June 2008. Operating profit tumbled 97 percent to 16 million euros. The company said delays on the third generation ... more  
Beijing (AFP) Aug 31, 2009China and Russia are mulling a possible currency swap deal, which if agreed would be the seventh such pact signed by Beijing, a Chinese commerce ministry official said Monday. China's central bank and other Chinese banks are in talks with their Russian counterparts, the director of the ministry's Europe department, Sun Yongfu, told Dow Jones Newswires on the sidelines of a press conference. ... more |
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Colton CA (SPX) Sep 01, 2009U.S. Development Group has announced that it will begin construction on the West Colton Rail Terminal, a new ethanol hub located in the Inland Empire area of southern California. Construction of the facility will occur in two phases. The first phase, located in Rialto, Calif., will consist of a manifold transfer system that will begin receiving and offloading ethanol railcars in the fall ... more  
Mineola NY (SPX) Sept 01, 2009Clear Skies Solar has announced the much-anticipated development of their 34-acre property in the Cantil section of California's Mojave desert. The project will be a minimum of 6 MW, $20 million, solar PV facility with engineering to begin on the first 3 MWs in the fourth( )quarter of 2009, and development of the second stage of the project to begin by the second quarter of 2010. ... more 
Riga (AFP) Aug 31, 2009China and crisis-hit Latvia signed agreements Monday aimed at increasing bilateral trade during a visit to the Baltic state by Chinese Deputy Prime Minister Hui Liangyu. "Latvia has always highly valued its relationship with China," Latvian Prime Minister Valdis Dombrovskis told reporters following talks with Hui Liangyu. "We're interested in continuing the bilateral dialogue, especially ... more |
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