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Indian court reserves judgement on Vedanta mining
finanznachrichten.de
Jul 25, 2008 2 related
        

NEW DELHI, July 25 (Reuters) - Britain's Vedanta Resources Plc. agreed on Friday to pay compensation to tribal people displaced by a planned bauxite mine in eastern India, as India's Supreme Court concluded hearings and reserved judgement. ActionAid, which has been campaigning against the mine, said the court was now expected to issue a written report on the 'modalities and conditions' under which mining could proceed. The court had earlier asked Vedanta's Indian subsidiary Sterlite Industries to draw up a decent rehabilitation and environmental protection package before giving the green light to the $800 million project. On Friday, Sterlite promised to spend five percent of the profits from the bauxite mine, as well as from an adjacent aluminium refinery, on rehabilitation. The court reserved its judgement until a later... [read full story]                    

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Japan's Nikkei Index Drops 4%

sky.com
16 mins ago 47 related
        

1:46am UK, Tuesday October 07, 2008 Japan's Nikkei stock average has tumbled to a FIVE-year low shortly after the start of trade. Global financial crisis has sent major markets plummeting It slid below 10,000 for the first time...

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Nikkei 225 drops below 10,000 in early trading

marketwatch.com
29 mins ago
        

HONG KONG (MarketWatch) -- Japanese markets suffered a sell-off Tuesday after heavy losses on Wall Street, with exporters such as Canon Inc. hit hard on a strengthened yen. The Nikkei 225 Average dropped below the 10,000-point...

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Yen mixed as investors expect coordinated action

reuters.com
33 mins ago 14 related
        

TOKYO (Reuters) - The yen edged up against the dollar and the euro but slipped against higher-yielding currencies on Tuesday, as investors anticipated a coordinated global response to the credit crisis.

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Gold rises as stocks tumble, extends 4-percent rise

reuters.com
38 mins ago 8 related
        

SINGAPORE (Reuters) - Gold gained on Tuesday as investors sought a safe haven after stock markets dropped on growing fears for the global economy. -- Gold was trading at $862.25 an ounce, up $4.80 an ounce New York's notional...

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