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Egyptian pound stable, central bank says
CBJ – March 16 – The market for the Egyptian pound is solid and intervention isn't currently necessary, according to the Central Bank of Egypt. The a popular uprising that knocked former president Hosni Mubarak out of power last month was a major drain on ...Japan quake could cost as much as US$200 billion
CBJ – March 16 – The economic toll of last week's devastating earthquake in Japan could total as high as ¥16 trillion, or US$200 billion, some economists are predicting. According to Reuters, a number of experts pegged the total damage to the Japanese economy at between ...Libyan air strikes continue as diplomatic efforts stall
CBJ – March 15 – Air strikes struck the Libyan rebel town of Ajdabiyah today as plans to declare a no-fly zone over the North African nation have sputtered, Reuters is reporting. The fire from warplanes and helicopters against rebels in Ajdabiyah, not far from the ...Nuclear fears drop uranium almost 10%
CBJ – March 15 – Worries related to a Japanese nuclear power plant damaged in Friday's earthquake have dropped uranium prices 9.8 per cent, Bloomberg is reporting. Uranium-oxide concentrate for immediate delivery fell from US$66.50 a pound in the seven days to last Monday to ...
Shell finds oil off coast of Brunei
CBJ – March 14 – Royal Dutch Shell Plc has made a “significant” offshore oil discovery nearly 100 kilometres off the coast of Brunei, the company announced today. Brunei Shell Petroleum, half-owned by Shell with the Brunei government holding the other half, believes the Geronggong ...TOPIX takes tumble as Japan's quake costs assessed
CBJ – March 14 – The TOPIX slipped 7.5 per cent on its highest trading volume ever as the costs of Friday's massive earthquake took their toll on Japanese stocks today. At least 2,000 have died after the 8.9-magnitude offshore quake struck Friday afternoon. Officials ...Zimbabwe's mining firms: we'll sell 26%
CBJ – March 11 – The Chamber of Mines of Zimbabwe said the nation's miners are willing to sell 26 per cent stakes to local owners as part of the Zimbabwean government's nationalization plan, Reuters is reporting.“The sector committee on indigenization in mining recommended a ...Massive 8.9 offshore earthquake rips Japan
CBJ – March 11 – Japan has been hit with its biggest earthquake since the country began taking records, a magnitude 8.9 quake that killed at least 40 people today and has countries around the Pacific Ocean bracing for tsunamis. The epicentre of the offshore ...
Rio Tinto sweetens pot on Riversdale
CBJ – March 10 – Rio Tinto Group has increased its AU$16-per-share bid for Riversdale Mining Ltd. by 50 cents, hoping to clinch a purchase attempt begun in December. “There has been no sign of a competing proposal in the 11 weeks since the bid ...China reports trade deficit for February
CBJ – March 10 – The export-heavy Chinese economy recorded a trade deficit last month, according to the Associated Press.A drop in production related to the week-long Chinese New Year holiday, coupled with escalating energy prices hit China with a US$7.3-billion deficit for February.While analysts ...
Production of the penny ends this year and it's gradually being phased out of public circulation. Is the government doing the right thing?
