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Aussie firm eyes offshore LNG

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 shares close higher

European stocks rose Tuesday, boosted by positive corporate earnings, attracting investors back into the market.

Nissan says it's raising some Japan prices

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.

Merkel calls for global financial charter

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.

Radicare signs with Atlas to provide hospital support services

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.

Dutch navigation device maker TomTom 2Q earnings fall

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.

China swoops on Aussie iron ore, uranium firms

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.

Oil rig, leaking 400 barrels of oil daily, catches fire

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.

Worries that Dubai washing its hands of debt woes

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.