2007 set to be world's warmest year: UK Met Office
London, Jan 4: This year is set to be the hottest on record worldwide due to global warming and the El Nino weather phenomenon, Britain's Meteorological Office said today.The Met Office said the combination of factors would likely push average temperatures this year above the record set in 1998. 2006 is set to be the sixth warmest on record globally. ''This new information represents another warning that climate change is happening around the world,'' said Met Office scientist Katie Hopkins.The world's.....
DaimlerChrysler to set up van venture in China
Shanghai, Jan 4: Car maker DaimlerChrysler AG has received government approval to set up a joint venture to manufacture vans in China, an official Chinese newspaper said on Thursday.
The company's Mercedes-Benz brand will form a venture with Fujian Motor Industry Group and Taiwan's China Motor Corp. in which the firms will invest more than 200 million euros, the Shanghai Securities News reported, citing sources.
The creation of the venture, which is expected to have an annual output of.....
Gold steadies after New York sell-off, eyes dollar
SINGAPORE, Jan 4 (Reuters) Gold steadied on Thursday, holding above $627 an ounce after falling nearly 2 percent in New York because of a firming U.S. dollar.
-- Spot gold
was at $627.50/628.50 an ounce by 0047 GMT, barely changed from $627.70/628.70 late in New York on Wednesday.
-- Investec Australia pegged support at $615 an ounce and resistance at $642 an ounce.
-- Tokyo gold futures reopened after a holiday. Benchmark gold futures <0JAU:> on the Tokyo Commodity Exchange,.....
Nikkei average rises 0.74 percent on Thursday
Tokyo, Jan 4: The Nikkei average rose 0.74 percent on Thursday, the first trading day of 2007, with Toyota Motor Corp.
rising on news that it became one of the Big Three automakers in 2006 and other exporters advanced on a softer yen.
Tokyo markets were open for a half day of business on Thursday from 09:00-11:00 a.m. (0000 GMT-0200 GMT). They were closed Monday through Wednesday for New Year's holidays.
Investors also bought Hitachi Ltd. and Mitsubishi.....