AUSTRALIA

Global Mining Headed for a Slowdown: Citi

Analysts at Citigroup are slashing their estimates regarding just how much mining companies globally will spend this year, suggesting the industry is headed for a substantial slowdown, the Financial Times is reporting.

Hutchison Resubmits Bid For Debt-Laden Irish Telecom

Hong Kong-based diversified holding company Hutchison Whampoa Ltd. (Hong Kong: 0013) resubmitted its ?2 billion ($2.62 billion) cash bid for Dublin-based Eircom Group Ltd., the closely held fixed, mobile and broadband telecommunications services provider.

Mitsui, Mitsubishi Buy Stake in Woodside's Browse LNG Project

Woodside Petroleum Limited (AX: WPL) sold a 14.7 percent stake in its Browse liquid natural gas (LNG) development project for $2 billion to a Japanese joint venture operated by Mitsui & Company Limited and Mitsubishi Corporation, the Australian company announced Tuesday.

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Cannibal Shrimp

Cannibal Shrimp Invading U.S. Waters

The U.S. coast is being invaded by cannibal shrimp, according to by the U.S. Geological Survey and the National Oceanic and Atmospheric Administration.
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