AUSTRALIA

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China urges U.S. to increase Copenhagen offer

China said on Wednesday it wanted the United States to offer sharper carbon cuts by 2020, and President Barack Obama's top aides promised robust engagement with world leaders at Copenhagen climate talks.

Caltex Australia flags weak outlook; shares slump

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Caltex Australia Ltd, the nation's only listed refiner, flagged a weak outlook for the first half of 2010 on Wednesday and said it would close down a lubricant refinery, sending its shares down 5 percent.
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2009 set to be fifth warmest year on record

This year is likely to be the fifth warmest on record and the first decade of this century the hottest since records began, the World Meteorological Organization said on Tuesday.
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Tiger Woods' dated 9 women, names, details

About nine women have emerged on Tiger Wood's affair record in the last week, including waitresses, a club hostess, a marketing manager, a British TV presenter and a porn star.
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World Cup rankings

The draw of the teams who will face each other in the 2010 World Cup in South Africa took place Friday in South Africa.
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Encouraging signs for cash at climate summit: U.N.

A U.N.-led drive to raise cash to help poor nations cope with global warming is looking fairly encouraging, three days before a 190-nation climate conference, the U.N.'s top climate official said on Friday.
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Japan trading giants to tap $1 trillion water market

Japan's trading houses, which made fortunes from heavy bets on coal and iron ore, see water as their next big investment target as industrialization and urbanization in emerging economies boost demand for clean water.
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Asian shares hold week's gains before jobs data

Asian stocks held most of the week's gains before monthly U.S. jobs data on Friday, although property and bank shares fell in many markets as soft U.S. data raised concerns about the pace of economic recovery.
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The Evolution of a Traveller

I'm a flashpacker and I'm proud of it. I haven't always considered myself one, of course. I used to relish sitting on train
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ECB takes first steps to rein in market support

The European Central Bank will start to unwind its crisis support for the euro zone economy this month but made clear on Thursday these moves are not meant to signal a coming rise in benchmark interest rates.
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Fed officials say timing exit difficult

Federal Reserve officials sounded a relatively upbeat note on the U.S. economy on Wednesday, but warned timing withdrawal of the bank's extraordinary support for the economy will prove difficult.
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Fed must not dither on timing exit, Lacker says

U.S. central bankers should not let pockets of weakness distract them from fighting inflation as the economy recovers, Richmond Federal Reserve Bank President Jeffrey Lacker said on Wednesday.
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Australia carbon laws fail, election possible

Australia's parliament rejected laws to set up a carbon trading scheme on Wednesday, scuttling a key climate change policy of Prime Minister Kevin Rudd and providing a potential trigger for an early 2010 election.
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FACTBOX: Australia's failed carbon trading scheme

Australia's parliament rejected laws to set up a sweeping carbon emissions trade scheme on Wednesday, scuttling a key policy of Prime Minister Kevin Rudd and setting a trigger for an early 2010 election. Here are some facts about how the failed carbon-trade scheme would have looked.
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Indonesia bans war crimes film Balibo

Indonesia's censors have banned Balibo, an Australian-made film about five foreign journalists who were killed by Indonesian troops during the 1975 invasion of East Timor.

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