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S.Korea wins $40 billion UAE nuclear deal

A South Korean consortium won a $40 billion deal to build and operate four nuclear reactors for the United Arab Emirates, beating U.S. and French rivals to one of the Middle East's biggest ever energy contracts.

China won't be pressured over yuan peg: Wen

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Chinese Premier Wen Jiabao on Sunday struck a defiant note about the country's controversial exchange rate policy, saying the government would not give into foreign demands to let the yuan rise.
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Simmons Bedding financiers seek Chinese bidder: report

A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer for Simmons Bedding Co. , the Wall Street Journal reported late on Saturday.
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Airline suspect is Nigeria banker's son

A Nigerian who has been detained in Detroit after trying to ignite an explosive device on a U.S. passenger plane is the son of a prominent former banker, a family member told Reuters on Saturday.
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Freddie Mac sees rates headed to 6 percent by end of 2010

After hitting an all-time low in early December, the average rate on a 30-year, fixed-rate mortgage rose to 5.05 percent this week and could climb to 6 percent by the end of 2010, the Washington Post reported on Saturday, citing U.S. mortgage financier Freddie Mac's latest survey.
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Daily Wrap Up - December 25

A Nigerian man linked to al Qaeda tried to set off an explosive device aboard a U.S. passenger plane as it approached Detroit on Friday, but was overpowered by passengers and crew and the aircraft landed safely, U.S. officials said.
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U.S. father, son home after Brazil custody battle

The 9-year-old boy at the center of an international custody battle arrived back in the United States on Thursday after being reunited in Brazil with his American father at the end of a five-year dispute that tested bilateral ties.
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U.S. says al Qaeda-linked man tried to blow up plane

A Nigerian man linked to al Qaeda tried to set off an explosive device aboard a U.S. passenger plane as it approached Detroit on Friday, but was overpowered by passengers and crew and the aircraft landed safely, U.S. officials said.
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Travel Picks: Top five wine hotels

Whether you're an old-world aficionado or new-world evangelist, there's a vineyard hotel out there for you. Boutique hotel website Mr & Mrs Smith (www.mrandmrssmith.com) lists the world's best hotels for wine lovers.
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Chavez threatens to oust Toyota

Venezuela's President Hugo Chavez has threatened to expel Japanese carmaker Toyota unless it produces an all-terrain model of 4x4 vehicles used for public transport in poor and rural areas.
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China jails dissident Liu Xiaobo for 11 years

China's most prominent dissident, Liu Xiaobo, was jailed on Friday for 11 years for campaigning for political freedoms, with the stiff sentence on a subversion charge swiftly condemned by rights groups and Washington.
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IPO VIEW-Outlook for healthcare IPOs improving

Healthcare companies are lining up to go public, and they could get a warmer reception in 2010 as investors' risk appetite increases, and new legislation potentially leads to more profit for the sector.
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Asian shares soft in holiday trade, dollar steady

Shares in Tokyo slipped on Friday as investors took profits in trade thinned by the Christmas break in many other markets, while Shanghai fell and the dollar hung near its highs of the month after goods and jobless claims data.
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U.N. 2010-2011 budget pushes past $5 billion

The General Assembly approved a two-year U.N. budget on Thursday that pushed past the $5 billion (3 billion pounds) mark, but Western countries said they had won savings on the cost of an organisation some see as profligate.
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Russia to work on new nuclear missiles

Russia will work on a new generation of atomic weapons to strengthen its nuclear deterrent, President Dmitry Medvedev said on Thursday, just hours after Moscow test-fired one of its most feared missiles.
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Bunge doubles Brazil sugar bet with $452 mln deal

U.S. agribusiness giant Bunge Ltd (BG.N) will buy Brazilian sugar and ethanol producer Moema for $452 million, its biggest bet yet on the fast-growing cane and ethanol industry in the world's top exporter.
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World H1N1 deaths now at least 11,516: WHO

At least 11,516 people around the globe have died from the H1N1 flu virus since the pandemic emerged in April, the World Health Organization (WHO) reported on Wednesday.

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