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Islamabad, Monday, August 30, 2010

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Sims Metal announces fiscal 2010 results

MELBOURNE—Sims Metal Management has announced revenue of AUD 7.5 billion and a net profit after tax, on a statutory basis, of AUD 126.7 million, representing 64 cents per diluted share, for the year ended June 30th 2010. Net profit after tax in fiscal 2010, on an underlying basis, was AUD 146.7 million.

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BHP says timed Potash bid as rivals were weakened

MELBOURNE—Global miner BHP Billiton on Sunday played down any chance of raising its $39 billion bid for fertilizer maker Potash Corp, saying it had timed its move to catch out weakened rival bidders. Chief Financial Officer Alex Vanselow, speaking in an Australian television interview, also said the hostile bid had been timed t

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Putin hails China ties at oil pipeline completion

MOSCOW—Russian Prime Minister Vladimir Putin here on Sunday opened a pipeline branch to carry Siberian oil to China and hailed Russia’s energy business in China as an important counterweight to its traditional European clients.

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		Kuwait posts $22.4b budget surplus
		Oil in talks with US based Co for assets