Finance & Economics

China accounts for 23 pct of world rare earth reserves

China's rare earth reserves account for approximately 23 percent of the world's total but are excessively exploited, a government white paper said Wednesday.

Japanese group acquires stake in Australian LNG project

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A Japanese government backed consortium has bought a $4 billion-plus equity stake in the Wheatstone liquefied natural...

InterDigital strikes $375mn deal to sell 1,700 patented technologies to Intel

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Wireless technologies company InterDigital Inc, which had been seeking a buyer, has agreed to sell about 1,700...

IMF urges B20 summit to help boost global recovery

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A high profile economic summit of the world's largest emerging economies kicked off here Monday as head of the...

Celestica to stop manufacturing for RIM

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Canada-based Celestica, a global major in the delivery of end-to-end product lifecycle solutions, Monday announced...

Celestica to stop manufacturing for RIM
Aeon to buy Japan business of British retailer Tesco

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British retailer Tesco, which has been looking for a buyer for its operations in Japan for almost a year, has struck...

Greek Conservatives Expect New Government by Tuesday

Greek conservative leaders say they expect to form a new coalition government with the Socialists Tuesday.

Euro crisis could spark 'Lehman-style' global scare: World Bank

The head of the World Bank, Robert Zoellick, will warn participants at the G20 summit in Mexico that the Euro crisis could spark a Lehman-style global sacre that will have dire consequences for developing nations.

Greek Conservative Party Projected to Win Parliamentary Election

The Greeks voted again Sunday after an inconclusive general election in May failed to produce a government. Greece's conservative New Democracy party is projected to win Sunday's parliamentary elections.