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Energy minnow MEO Australia will begin a drilling campaign in the Timor Sea next week that could pave the way for the world's first offshore liquefied natural gas (LNG) plant, a company official said yesterday.
European stocks rose Tuesday, boosted by positive corporate earnings, attracting investors back into the market.
TOKYO (AP) - Hit by soaring steel and other material costs, Nissan announced price hikes in Japan Friday for some commercial vehicle models but held back from increases on its more crucial passenger car offerings.
BERLIN (AP): German leaders are proposing a system to improve transparency for global financial markets at a key European summit on global finance, as well as rules governing executive pay and a stronger role for the International Monetary Fund.
PUTRAJAYA: Integrated facilities management services provider Radicare (M) Sdn Bhd is collaborating with Atlas Copco to provide higher levels of hospital support services in the country.
AMSTERDAM: TomTom NV, the Dutch maker of navigation devices for cars, reported Wednesday a 61 percent fall in net profit for the second quarter, better than analysts had feared.
SYDNEY: Chinese state-owned firms expanded their footprint in Australia's mining industry yesterday, agreeing to help fund two iron ore explorers in return for supply contracts and taking a controlling stake in a uranium prospector.
SYDNEY: A massive fire erupted on an oil rig that has been leaking into the Timor Sea and Australia's government Monday promised an investigation, the latest drama in a 10-week saga to plug the hole.
DUBAI: If global investors were looking for reassurances from Dubai that it would stand behind its massive, debt-swamped investment conglomerate, they got none Monday.
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