- Dubai World's Nakheel May Need Further $2 Billion to Finish Developments Nakheel PJSC, the Dubai-owned developer whose parent is seeking to delay debt payments, may need $2 billion to finish residential developments, according to an analyst based in the sheikhdom.
- Hitachi Bullet Train to Challenge France's Record-Setting TGV on Home Turf Hitachi Ltd., maker of the 186 mile per hour (300 kph) Bullet Train, will bid against the French- built TGV on its home soil as the Japanese company targets a European rail market that’s the biggest in the world.
- Vale, Alcoa Consider Building Colombia Aluminum Smelters on Price Rebound Vale SA and Alcoa Inc. may build aluminum smelters in Colombia, requiring investments of more than $2 billion per plant, once prices for the lightweight metal rebound, Energy and Mining Minister Hernan Martinez said.
- Patron's Tequila to Push Autos and Beers Off `Blockbuster' U.S. Billboards Patron Spirits International, which outspent all other U.S. liquor brands on marketing last year, plans to grab more “blockbuster” billboards, ousting auto, phone and beer ads to catch up with tequila rival Jose Cuervo.
- Black Market Signals Vietnam's Dong Devaluation Is Just Start of Weakening Vietnam, struggling to control accelerating inflation and a widening trade deficit, will keep weakening the dong after devaluing the currency for the first time since December, black-market rates and forwards show.
- Greece Set for EU Rebuke on `Insufficient' Budget Reduction, Draft Shows European Union finance ministers will reprimand Greece next week for failing to take “credible and sustainable” measures to reduce its budget deficit toward the EU limit of 3 percent of output, a draft document shows.
- BASF Said to Consider Styrene Joint Venture en Route to Exiting the Market BASF SE, the world’s biggest chemical company, is in talks to form a styrene joint venture as a prelude to exiting the market, a company official with knowledge of the situation said.
- Wacom Plans to Raise Touch-Screen Panel Output as Windows 7 Drives Demand Wacom Co., the world’s biggest maker of electronic pens, aims to increase production of computer touch-screen panels fivefold next year as the release of Microsoft Corp.’s Windows 7 boosts demand from computer makers.
Bloomberg Daily News 27th November 2009
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