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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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Manila (AFP) Sept 28, 2009Philippine health authorities warned Monday of disease outbreaks following horror floods, as filthy water covered large areas of Manila and bodies lay in coffins next to survivors at evacuation centres. More than 115,000 people were dangerously crammed into makeshift centres such as schools and open-air gymnasiums across Manila, the nation's capital, and surrounding areas that were submerged ... more  
Bangkok (AFP) Sept 28, 2009The UN climate chief warned Monday that time was running out to break a deadlock on a global warming pact, telling delegates in Bangkok that failure to do so by December would threaten future generations. The talks are the next to last before a showdown in Copenhagen at the end of the year, when the 192 countries must agree on a treaty for tackling greenhouse gases beyond 2010, after the ... more 
Manila (AFP) Sept 28, 2009Overwhelmed Philippine authorities appealed for international aid Monday as the death toll from once-in-a-lifetime floods soared to 140 and weary survivors sheltered in squalid conditions. Two days after the horror storm sent torrents of water through the nation's capital Manila and surrounding provinces, the government conceded it was unable to deal with the disaster on its own and needed ... more |
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