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Rio Tinto sells 56 pct stake in Alcan cable unit

Rio Tinto, the world's second-largest miner, is to sell a 56 percent stake in the cable division of its Alcan Engineered Products unit to U.S. investment firm Platinum Equity for an undisclosed sum.

China showers gifts on resources-rich Timor

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Dili's gleaming new Presidential Palace and Foreign Ministry, gifts from China, stand in stark contrast to nearby burned-out buildings and are symbols of how the energy-hungry superpower is growing closer to tiny, oil-rich East Timor.

Stock futures signal dip; Nextel in focus

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Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.63 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 0.7 percent.
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Toshiba mulls M&A to light way for LED bulbs

Japan's Toshiba Corp needs to consider acquisitions so as to develop sales routes and gain share overseas in the growing market for LED lights, the head of its lighting systems operations said on Thursday.
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Central banks keep rates at record low

Britain, South Korea and New Zealand left interest rates at record lows on Thursday, with Canada expected to follow suit, but in Asia at least there were signs that thoughts are turning to tighter policy.
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Stock futures rise; Texas Instruments eyed

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.27 percent, Dow Jones futures up 0.24 percent and Nasdaq 100 futures up 0.21 percent at 4:46 a.m. EDT.
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Asian shares firm, oil up, dollar defensive

Asian stocks rose on Thursday as investors continued to switch into riskier assets amid growing confidence the global economy is recovering, keeping the dollar on the defensive.
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Asian stocks rise, oil supported after OPEC

Asian stocks rose on Thursday as hopes for global economic recovery prompted investors to shift into riskier assets, while oil found support above $71 a barrel following OPEC's decision to keep output steady.
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China' next round of ore talks in jeopardy

China's next iron ore pricing negotiation is now in jeopardy after Rio Tinto suspended this year's talks with Chinese steel mills without agreement just two months before the 2010 round was due to begin.
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China's CNPC gets $30 billion loan for overseas buys

China National Petroleum Corp (CNPC), parent of Asia's largest oil and gas producer PetroChina, said it secured a $30 billion state loan to fund overseas expansion, as Beijing seeks to secure resources for the world's fastest-growing major economy.
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Asia stocks dip from 1-yr high, dollar bruised

Asian stocks drifted lower after hitting a one-year high earlier on Wednesday and the dollar was stuck near a one-year low as investors, hopeful of an economic recovery, held back from moving more money into risky assets.
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Asia stocks dip from 1-year high, dollar battered

Asian stocks drifted lower after initially hitting a one-year high on Wednesday and the dollar hovered near a one-year low, with investors taking a breather from moving money into riskier assets in the hope that the global recovery is strengthening.
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Gold futures hit $1,000

Asian shares touched their highest level in a year on Tuesday, while gold futures hit $1,000 an ounce for the first time in six months on investor concerns about the sustainability of the global economic recovery.
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Asia IPOs boom on China listings, more to follow

Asia's initial public offering market is booming as economies inch out of recession and equity markets improve, setting the scene for the region to emerge as the world's top spot for firms rushing to raise money.
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Vietnam frees blogger ahead of Australia visit

Vietnam has freed a blogger who was recently detained over a plan to distribute anti-China T-shirts, he said on Sunday, as Communist Party chief Nong Duc Manh prepared to leave on a visit to Australia and New Zealand.
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Ensco sees profit hit from deepwater rigs downtime

Ensco International Inc warned on Friday that its third-quarter profit would be as much as one-sixth lower than current expectations due to unexpected downtime and repairs for two of its deepwater rigs.
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Got a dream but no cash? The Internet can help

Chris Waddell wants to climb Kilimanjaro in a wheelchair; George Del Barrio wants to make a film in Cambodia; Jeff Edwards wants to write a book about a science fiction writer: they want you to fund their dreams.
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ChemChina, after Blackstone deal, seeks fresh funds

State-run chemicals company ChemChina, the little-known acquisition pioneer that won the affection of private equity firm Blackstone, is looking for yet more strategic investment as it scouts for more overseas assets, its chief executive said on Friday.
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Aboriginal art master puts on final public show

Aboriginal artist Yannima Tommy Watson is a man of few words, but his vibrant works speak volumes, drawing museum-goers at the Muse du Quai Branly in Paris and Australia's most prestigious art galleries.

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