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UAE's ADCO targets 1.8 million bpd oil output by 2017
ABU DHABI (AFP) - Abu Dhabi's state-owned oil firm ADCO is to invest billions of dollars to hike onshore production by 400,000 barrels per day to 1.8 million bpd by 2017, its general manager Abdel Monim al-Kindy said on Monday.
Xstrata predicts new commodities boom
GENEVA (AFP) - Anglo-Swiss mining group Xstrata on Monday reported a 41 percent drop in its annual profit in 2009 and pinned its hopes on a renewed boom in commodities demand in China and other emerging economies.
Euro trades above eight-month low
LONDON (AFP) - The European single currency held above an eight-month low on Monday after eurozone finance chiefs reassured their Group of Seven counterparts on Greece's deepening debt troubles, dealers said.
European shares rise as Tokyo hits two-month low
LONDON (AFP) - European stocks staged a fragile rebound on Monday after sharp falls last week caused by mounting debt fears in Europe, but Tokyo hit the lowest point in nearly two months as most Asian indices fell.
EU approves Swedish guarantee for loan to Saab
BRUSSELS (AFP) - The EU's competition watchdog on Monday approved Swedish plans to act as guarantor for an European Investment Bank (EIB) to automaker Saab.
Dubai pumped 6.2 billion dollars into debt-ridden giant
DUBAI (AFP) - Dubai said Sunday it has pumped 6.
Greece to unveil plan to cut government waste: minister
ATHENS (AFP) - The Greek government will unveil this week a plan for cutting waste in public spending to combat the huge budget crisis, which has shaken investor confidence in Greece, the finance minister said.
Alarm spreads over Europe's massive deficits
BRUSSELS (AFP) - The swelling public deficits in Portugal, Spain and Greece have plunged the eurozone into the biggest crisis in its 11-year life, presaging years of belt-tightening, analysts warn.
US publishers smile again as Kindle rivals emerge
NEW YORK (AFP) - US book publishers are smiling again, after years of watching digital versions of their titles sell for below what they thought they were worth.
Vietnam tackles US in first WTO case: official media
HANOI (AFP) - Vietnam has filed its first case over anti-dumping measures under World Trade Organisation rules since joining the body three years ago, official media reported.
Italy's ENI withdraws Uganda oil reserves bid
KAMPALA (AFP) - Italy's ENI has withdrawn a bid to buy Ugandan oil reserves currently controlled by Canada's Heritage Oil after Britain's Tullow invoked preemption rights, Dow Jones reported Saturday.
Nissan to slash production at Spanish plant
MADRID (AFP) - Japanese carmaker Nissan said Saturday its Avila plant in Spain will keep running at less than 50 percent capacity for at least three years, as unions said it was planning to lay off half the factory staff.
New accidents add to Toyota Prius doubts: Japanese media
TOKYO (AFP) - Japan's government has confirmed five new accidents involving possible brake malfunction in Toyota Prius hybrids and will urge the troubled carmaker to investigate, national media reported Saturday.
G7 finance ministers meet as eurozone roils markets
IQALUIT, Canada (AFP) - G7 finance ministers and central bankers launched talks in northern Canada aimed at keeping a tentative global economic recovery on course as fresh turmoil roiled financial markets.
G7 finance ministers arrive in Canada's far north
IQALUIT (Canada) (AFP) - One by one, G7 finance ministers and central bankers arrived in Canada's far north Friday for two days of talks aimed at keeping a tentative global economic recovery on course.





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Should-business---personal-finance-be-taught-at-school-
By Naz Daud
What business & personal finance advice do you wish had been taught to you when you were at school? Isn't the purpose of education to prepare children for the real world?I believe that all Read more...
Debt-consolidation-finance--help-wipe-out-debt-burden-easily
By Alex Jonnes
It can definitely be a tough time you have many debts at a time. Now you are running with a debt burden situation, it is simply clear your current financial condition is not allowing the repayment Read more...

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Becton sees another H1 loss for 2009/10
Becton Property Group Ltd expects to report another loss for the first half of its financial year.
Alumina unveils & #36;26m loss in 2009
Alumina Ltd, minority partner of the AWAC group, has blamed the global financial crisis after revealing a & #36;26 million net loss in 2009.
Trichet leaves early to attend crisis meeting
A Reserve Bank official says the head of the Eureopan Central Bank, Jean-Claude Trichet, is leaving a Sydney meeting of central bankers early to attend an ECB council meeting.
Brickworks Limited (ASX:BKW) Strengthens Its Masonry Business Through Acquisition
Sydney, Australia, Feb 9, 2010 - (ABN Newswire) - Brickworks Limited (ASX:BKW) today entered into an agreement to purchase Brick and Block, a New South Wales-based producer of concrete masonry, for A & #36;13.5 million.Brick and Block is located in Port Kembla, south of Sydney, and has an installed capacity of around 100,000 tonnes per annum.
Customer growth drives Optus Q3 profits
Optus says third quarter net profit grew by 16 per cent with mobile revenues and customer numbers continuing to rise.
Australand profit down 31%
Australand Property Group has posted a 31 per cent fall in calendar 2009 operating profit and says it expects to see a similar result this year.
Vero leaving sparks builders' concerns
The Master Builders Association says the withdrawal of a company offering indemnity insurance to West Australian home builders could lead to a crisis in the industry.
DJs delivers upbeat outlook
The department store chain, David Jones has upgraded its profit outlook, after reporting second-quarter sales growth of 3.1 per cent.
Temporary layoffs announced at Darling Downs meat processor
More than 200 workers at a meat processing company on the Darling Downs in southern Queensland have been stood down for the rest of the week.
Cochlear expects FY10 growth of 15%
Hearing implant company Cochlear Ltd expects its net profit for fiscal 2010 to grow at least 15 per cent above its 2009 result.
David Jones H1 sales up 2.3%
Department store David Jones Ltd has increased its first half sales by 2.3 per cent and sharply raised its interim and second half profit guidance.
Ammonium nitrate plant two years away
A company building an almost & #36;100 million ammonium nitrate plant in central Queensland says it should be operational in two years.
Qld prepared for mining boom says Bligh
Premier Anna Bligh says regional Queensland will be better prepared for the coming mining boom.
Bradken H1 profit falls 26.4%
Bradken Ltd has posted a 26.4 per cent decline in first half profit after the company felt the brunt of the economic downturn.
Macquarie sees H2 profit in line with H1
Macquarie Group Ltd expects its second half profit to be broadly in line with the first half, taking the fiscal 2010 result to about & #36;960 million.



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