What’s News —

Business & Finance

• Encana Attracts Chinese Partner

  Encana said it entered into a $5.43 billion deal with PetroChina to develop hard-to-reach natural-gas reserves, further deepening the energy ties between Canada and China.

• Report: Oil Firms Hit by Hackers

  Hackers who appear to be based in China have conducted a "coordinated, covert and targeted" campaign of cyber espionage against major Western energy firms, according to a report by cybersecurity firm McAfee.

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  Rio Profit Triples, Plans Share Buyback

  Australian mining giant Rio Tinto said net profit almost tripled in 2010 and will return $5 billion to shareholders through a share buyback, benefitting from booming commodity prices.

• Australia Shares Rise on Exchange-Merger Talk

  Asian stock markets were mostly lower Thursday, as investors traded on local cues. In Australia, stock exchange operator ASX surged after news of stock market consolidations offshore. The Nikkei was off 0.4%.

  • Dow Ekes Out a Gain, Eighth in a Row

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  Suspicion of Forex Gouging Spreads

  Some of the nation's largest investment firms have been overcharged by banks for currency trades, bank insiders and others claim.

  • New Currents in Forex

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  Kirin Net Profit Falls 77%

  Japanese drinks maker Kirin Holdings said full-year net profit declined to $137.9 million, relating to its 2007 purchase of Australia-based National Foods.

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  Woori, Hana Results Miss Estimates

• Germans in Talks to Buy Big Board

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  Renault Swings To Profit

• Esprit Reports 21% Profit Drop, Chairman Out

• Core Market Growth Fuels SingTel's Net

• Canon Expects Dollar to Strengthen in Second Half