IBT Staff Reporter

South Korea's POSCO plans to eventually halt carbon emissions by switching to a hydrogen-based steelmaking process from 2021, company officials said on Friday.

China is estimated to have stocks of 1.2 million-1.5 million tonnes of aluminium, the vice-chairman of the China Nonferrous Metals Industry Association, told an industry conference.

Swiss authorities will not release Roman Polanski into house arrest at his luxury Alpine chalet until Monday at the earliest as bail conditions still have to be met.

Aluminum Corporation of China (Chinalco), the parent of Chalco and the country's top producer of the metal, has restarted most of its idle capacity of alumina and primary aluminium, according to a company presentation prepared for a conference on Friday.

ArcelorMittal, the world's largest steelmaker, said on Friday it had a constructive meeting with Karnataka government officials about its plans to set up a steel plant in the southern Indian state.

Singer Bob Dylan reminisces about Christmas past, turkey dinners and his favorite holiday songs in a rare interview in a magazine for homeless people.

American Idol runner-up Adam Lambert on Wednesday admitted he got carried away during his racy American Music Awards performance, as furor over his singing and dancing stoked a wider controversy in the U.S. gay community.

Precious: Based on the novel 'Push' by Sapphire, directed by Lee Daniels, is generating a large amount of Oscar buzz this season and getting a push from executive producers Oprah Winfrey and Tyler Perry.

A former Philippine trade minister and ally of San Miguel Corp's (SMCB.PS) president on Friday led a group paying nearly $1.4 billion for a 28 percent stake in the food-to-power conglomerate, and may seek a full takeover as San Miguel shifts into high-growth heavy industry and infrastructure.

Oil prices sank to six-week lows below $75 a barrel on Friday as fears that Dubai could default convulsed financial markets and the dollar rose as investors moved into safer assets.

Dancing With The Stars champion Donny Osmond on Wednesday ranked his win on the television show at the top of his career achievements, saying his entire body hurts after weeks of grueling rehearsals.

Growing military ties between China and Pakistan are a serious concern to India, Defense Minister A.K. Antony said on Friday, in the latest display of a prickly rivalry between New Delhi and its neighbors.

The queen of daytime will interview the president of the United States during an ABC holiday special that brings together Oprah Winfrey andBarack Obama.

Even before the U.S. economy headed south over a year ago, many U.S. women eschewed clothing purchases for themselves, given tight budgets, a clampdown on credit limits and merchandise that offered little dazzle.

U.S. music retailers are realizing a dream week with Susan Boyle's I Dreamed A Dream ringing cash registers far beyond expectations and Adam Lambert's album stirring sales after his sexually charged TV performance.

The United States followed its own military timetable for the 2003 invasion of Iraq rather than allowing diplomacy to run its full course, the former British ambassador to the United Nations said on Friday.

One hundred years ago, a wealthy couple built a mansion in Hollywood and installed a speaking tube allowing them to order a Scotch whisky from their servants -- a handy trick, but nothing compared to what the home's later occupants would conjure up.

The Philippines on Friday barred its top elected official in the south, his father and other relatives from leaving the country as it investigated the massacre of 57 people earlier this week.

U.N. nuclear watchdog governors voted on Friday to rebuke Iran for building a uranium enrichment plant in secret but Tehran dismissed the move as intimidation which would poison its negotiations with world powers.

When tickets for Phish's Sunday night (November 22) show in Syracuse, N.Y., went on sale back in October, all 6,700 of them were gone in 15 minutes -- and with good reason. The last time Phish performed at the War Memorial arena was November 1994. Local fans were ready for another show, and the band was certainly ready to give it to them.

The U.S. and Russian presidents will sign a new deal to cut Cold War arsenals of nuclear weapons by the year end, but may miss an early December deadline by several days, a Kremlin source told Reuters on Friday.

U.S. stock were sharply lower on Friday as a possible debt default at a Dubai state-owned conglomerate sparked fears of renewed financial turmoil.

First Niagara Financial Group Inc, the thrift-holding company for First Niagara Bank, said on Friday it applied to the Federal Reserve Board to become a bank-holding company.

French alternative asset manager Laffitte Capital Management, which had a narrow escape from the Lehman collapse, has sought EU regulatory approval for its newest hedge fund to win broad investor appeal after the crisis.

Gold prices tumbled nearly 5 percent to a one-week low below $1,140 an ounce on Friday as investors fearing debt default in Dubai sought safety in dollars and cash.

Banks outside the Gulf played down on Friday their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.

Finland's Olli Rehn was named on Friday to the key role of economic and monetary affairs commissioner in the European Union executive, in which he will drive efforts to revive the European economy

European shares extended gains to hit a session high on Friday, as U.S. futures indicated Wall Street may not drop as much as previously expected.

Americans headed to stores in droves to kick off the holiday shopping season on Friday, though many said they were being more selective about what they buy and paring back what they spend.