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 Dublin (AFP) Sept 28, 2009 
The European Investment Bank said Monday it is to lend up to 500 million euros (730 million dollars) to Ireland to boost wind power and also fund an undersea power link with Britain. The loans would "help Ireland secure and green its electricity supplies and support Europe's economic recovery," the EIB said. Some 300 million euros will help build a 256-kilometer (160-mile) cable under ... read more 
Washington (AFP) Sept 28, 2009Xerox Corp. announced Monday it was buying Affiliated Computer Services in a cash-and-stock deal valued at 6.4 billion dollars that gives the US photocopier company a foothold in a new market. Xerox said it will pay 63.11 dollars per share for the Dallas, Texas-based outsourcing company, a premium of more than 33 percent over ACS's closing price on Friday. Xerox said the purchase of ACS ... more
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New York (AFP) Sept 28, 2009Oil prices posted a modest rise Monday, tracking a Wall Street stock rebound and amid geopolitical concerns as key producer Iran test-fired missiles ahead of talks over its atomic program. New York's main contract, light sweet crude for November delivery, rose 82 cents from Friday's close to 66.84 dollars per barrel. London's Brent North Sea crude for delivery in November gained 43 cents ... more 
Hong Kong (AFP) Sept 28, 2009China on Monday launched the sale of six billion yuan (879 million dollars) in government bonds in Hong Kong, the finance ministry said, marking the first such offer outside the mainland. The sale is another step in efforts by China, which has questioned the US dollar's status as the global reserve currency, to promote international use of the yuan. "Hong Kong has the conditions and ... more 
Washington (AFP) Sept 28, 2009China faces major uncertainties even though it rebounded strongly from the latest financial crisis aided by its huge treasure chest, World Bank President Robert Zoellick said on Monday. "China's future is not yet determined," he said even though the Asian giant effectively pump primed its huge economy and used various monetary polices to weather the crisis that plunged the world into ... more |
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Paris (AFP) Sept 26, 2009UN negotiations for a global climate treaty resume in Bangkok on Monday, mired in a disputed draft text after summit-level talks failed to deliver hoped for breakthroughs. Just 10 weeks will be left before a showdown in Copenhagen that scientists say will be critical for the planet. Yet nearly two years of haggling have failed to tease out even the kernel of an agreement. ... more  
Buenos Aires (AFP) Sept 26, 2009Argentina has lost nearly 70 percent of its forests in a century, the Environmental Secretariat said at a UN conference on desertification. Forests that spread across 100 million hectares (247 million acres) in 1900 have dwindled to 33.19 million hectares (82 million acres), officials said. "In 100 years, we have lost between 60 and 70 percent of our forest heritage," Environmental ... more  
New Delhi (AFP) Sept 27, 2009Indian police said on Sunday they were questioning Chinese engineers and site workers as part of investigations into how a power plant chimney collapsed, killing 41 people. China's Shandong Electric Power Construction was one of the firms contracted by Balco, a subsidiary of London-listed resources giant Vedanta, to build the electricity station in central Chhattisgarh state. ... more |
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