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Coal and diamonds shoer up Anglo American in 2011

(AP) ? Mining company Anglo American PLC posted Friday a record operating profit for last year following big advances in its coal and diamonds operations.

The group reported a record operating profit before special items and remeasurements of $11.1 billion, up 14 percent on the year before. Underlying earnings per share were 23 percent higher and the full-year dividend was raised 14 percent to $0.74 per share.

However, its net profit declined 6 percent to $6.17 billion from $6.54 billion in 2010, when it posted a big gain on asset disposals. Gains on asset disposals last year fell to $183 million compared to $1.6 billion in 2010, as the company said sales of noncore operations have been largely completed.

Anglo American shares were up 1.2 percent at 2,675 pence in early trading on the London Stock Exchange.

Chief Executive Cynthia Carroll said the group completed three major projects in 2011: the Kolomela iron ore mine in South Africa, the expansion of the Los Bronces copper mine in Chile and the Barro Alto nickel operation in Brazil.

Anglo American agreed in November to sell its 24.5 percent stake in Anglo American Sur, its copper assets in Chile, to Mitsubishi for $5.4 billion. That sale is being challenged by Codelco, Chile’s state-owned copper miner, which has an option to take a 49 percent stake.

A more detailed look at the results shows that overall revenues swelled 11 percent to $36.5 billion.

The company also reported record operating profits for coal and diamonds. The operating profit for iron ore and manganese, the biggest sector within Anglo American, was up 23 percent.

Anglo American raised its stake in the De Beers diamond business to 85 percent in November when it bought the Oppenheimer family’s shares. DeBeers’ sales were up 26 percent last year to $7.4 billion

“Despite short term uncertainty persisting in the global economy, particularly in Europe, the longer term outlook for Anglo American’s diversified mix of commodities remains strong,” Carroll said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-02-17-EU-Britain-Earns-Anglo-American/id-5699bed4ae694d659c0708f31026cd65

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Indians in Singapore Lured to Property Back Home by Rupee's Drop …

Feb. 9 (Bloomberg) ? Vivek Sharma, like many Indians who came to Singapore for work, failed to jump into the island state?s booming property market before the government imposed taxes to deter foreign buyers.

Now, he is joining thousands of his compatriots who are taking advantage of the drop in the rupee to a record low in December and seeking to buy property back home ? for rental investments, homes for left-behind family members, retirement properties and residences for their own eventual returns.

?I missed the opportunity to buy property in Singapore when I moved here 2 1/2 years back,? said Sharma, 38, a medical-device manufacturing executive who was among 3,300 attendees at a two-day home fair in January where 53 Indian developers were showcasing their properties and discounting them to boost sales. ?Now, prices have risen a lot, and with the new taxes, it makes better sense to invest back home.?

India?s property market may attract $3 billion from overseas buyers this year, almost double last year?s $1.6 billion, Shobhit Agarwal, joint managing director at the Indian unit of Jones Lang LaSalle Inc., the world?s second-biggest, publicly traded commercial-property broker, said in an interview in Mumbai in December. About one-third typically comes from individuals like Sharma and two-thirds from investors, he said.

Housing Development Finance Corp., India?s largest mortgage lender and the organizer of the annual Singapore home fair, said the number of developers participating rose 26 percent over last year, while there were 27 percent more attendees. Among those taking part were DLF Ltd., Unitech Ltd. and Emaar MGF Land Ltd. HDFC conducts similar fairs in Kuwait, Dubai ? where the next is scheduled for April ? and in London.

Sales Declines

The volume of property sales has declined in India?s biggest cities, including Mumbai, New Delhi, Hyderabad and Bangalore, after the nation?s central bank raised borrowing costs by a record 375 basis points since March 2010. The bank is seeking to curb inflation, although property prices remain at or close to record highs.

At the same time, the rupee fell 16 percent against the U.S. dollar in 2011, the worst performer among Asian currencies. The currency has since recouped some of its losses, climbing 7.7 percent to 49.45 to the U.S. dollar last month. It is expected to fall again to 52 in the quarter ending in March, according to the median estimate in a Bloomberg survey.

Agarwal at Jones Lang LaSalle said India?s property prices may decline 10 percent this year, and that with a potential 20 percent loss in the currency, property purchases will become even more attractive to overseas Indians.

?They get a net 30 percent discount, so they will be ready to write the check,? Agarwal said.

Cutting Prices

In Mumbai, where Sharma hopes to buy property as an investment and ultimately for retirement, residential home sales dropped 17 percent to a three-year low in the final quarter of last year compared with the previous quarter, according to Mumbai-based Liases Foras Real Estate Rating Research Pvt. The dismal sales will spur developers to cut prices to boost volumes, Pankaj Kapoor, founder of Liases Foras, said.

In Singapore?s prime districts such as Orchard Road, a typical three-bedroom apartment would sell for about $2,000 a square foot, or around $4 million. A similar-sized apartment in Mumbai?s posh Malabar Hill would sell for about 25 percent less. Home prices in Singapore soared 55 percent from June 2009 through December 2011, while in Mumbai they nearly doubled in the same period.

Once-in-Lifetime

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/02/08/bloomberg_articlesLYQZ8N07SXKX01-LZ2SO.DTL

Source: http://www.indianpropertyagent.com/indians-in-singapore-lured-to-property-back-home-by-rupees-drop/

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Romanian PM announces gov’t resignation (AP)

BUCHAREST, Romania ? The Romanian prime minister on Monday announced the immediate resignation of himself and his government, saying he wanted to protect the stability of the country.

Emil Boc said he was resigning “to ease the social situation” ? referring to weeks of protests in Romania over austerity measures that he introduced in 2010.

Boc, who became prime minister in 2008, urged Romania’s feuding politicians to be mature and rapidly vote for a new government. He defended his record, saying that he had taken “difficult decisions thinking about the future of Romania, not because I wanted to, but because I had to.”

He added that the International Monetary Fund has forecast growth of up to 2 percent this year ? lower than expected, but higher than the European Union average.

Opposition politicians called for early parliamentary elections, which are currently scheduled for November.

“This is a victory for those that demonstrated on the streets,” said Crin Antonescu, who heads the opposition Liberal Party. “The most corrupt, incompetent and lying government” since the 1989 anti-Communist revolt has gone, he said.

President Traian Basescu will hold talks Monday with the country’s political leaders about a new prime minister, his spokesman Valeriu Turcan said.

Romania signed up for a euro20 billion ($26 billion) loan with the IMF, the European Union and the World Bank in 2009 to help pay salaries and pensions, after the economy shrank by more than 7 percent. In 2010, the government increased sales tax from 19 percent to 24 percent and cut public workers’ salaries by a quarter to reduce the budget deficit.

In January, Romanians staged weeks of protests to express anger at cronyism and a perception that the government is not interested in the problems of ordinary people in this nation of 22 million. They protested low living standards, widespread corruption, and the passage of some laws without a parliamentary debate.

“I know that I made difficult decisions, but the fruits have begun to appear,” Boc said in a statement. “The most important thing is the economic stability of the country,” he said, adding, “In times of crisis, the government is not in a popularity contest, but is saving the country.”

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120206/ap_on_re_eu/eu_romania_government_resigns

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Prostate Cancer Prevention Versus Treatment : American Red Cross

Since the cause of prostate cancer is detected, can expect a six American men suffer from this disease in their lifetime.

It has been argued that, a good diet and higher amounts of ingredients such as vitamins B and D to help prevent prostate and other cancers. Weight loss and elimination of tobacco and alcohol are also useful.

Heart-healthy practices such as denial of red meat and meat products and foods high in saturated fats, eat more fish together (loaded with antioxidants, omega-3), may be beneficial in prevention. It can also eat lots of fruits and vegetables such as broccoli cruciferous dark, the natural sources of vitamins are useful.

However, nutritional studies on the value of lycopene (found in tomato sauce) and selenium or vitamin E in preventing prostate cancer are often contradictory and inconclusive.

What makes prevention difficult, prostate cancer is that the cause is still unknown. This cancer involves the uncontrolled growth of cells in the prostate usually a size of a walnut under the bladder. Reproductive gland that surrounds the base of the urethra and produces two thirds of the man?s sperm.

But despite various theories about the infection, which has carried our environmental toxic or poor diet caused no one to determine why people this disease. The result is that most traditional treatments are designed to contain or remedy to prevent this type of cancer, rather than in the first place.

Screening is the key to high survival rates

The good news is that the survival rates of prostate cancer in the U.S. are high. About 80 to 90 percent of newly diagnosed cancer patients have localized, confined within the prostate. The American Cancer Society reports that 99 percent of all patients are alive after five years, 92 percent after 10 years, and 76 percent after 15 years.

Routine screening is a simple blood test 25 years PSA for detecting prostate cancer at an early stage, most treatable stage done. But the use of the PSA test has been publicly called into question, especially this year.

However, the PSA (prostate specific antigen ? a protein produced by prostate cells) determine is the best biomarker currently are available, whether a prostate biopsy is called. This screening is especially valuable for sensitive people such as African Americans or those with a family history of breast cancer. For more than 50 percent accuracy, scientists are constantly searching when urine tests could evaluate experimental, DNA sampling and applications of MRI better if a man?s prostate cancer must be tested later.

Several recent developments show promise in the treatment of prostate cancer, including Provenge, the first vaccine against prostate cancer metastatic prostate cancer. Another drug, Medivation, was developed by scientists at Johns Hopkins University Medical Center. In addition, researchers at Monash University in Australia announced that the activation can inhibit the estrogen receptors in the prostate and kill the castration-resistant cells. Although the study at Monash was yet to be replicated, this approach can increase more conventional androgen deprivation therapy (ADT), which stops cancer growth by the supply of a tumor patient to castrate levels of testosterone.

Laser ? The Road Ahead

Another promising method reported two years ago, makes the use of lasers. For example, a new drug called Tookad jointly by Israeli scientists and a Dutch company has developed. In a few studies, patients who had relapsed prostate cancer voluntarily injected, long after radiation therapy to chlorophyll in plants and tiny fiber-optic cable in their system of needles. These informed and then removed the diseased prostate as heat was given in doses of ever managed higher, without the surrounding organs.

This approach can be repeated several times to remove the tumor and the control of bladder function and sexual function. Obviously this is much less invasive than current treatments of surgery and radiotherapy and can be applied outpatients. Consequently, scientists are eagerly awaiting the results of further tests.

Lasers and other innovative technologies are the wave of the future and the future is now! We can only hope that science offers new and better techniques to alleviate human suffering worldwide.

More importantly, we hope that the researchers use their human ingenuity and perseverance in order to solve the puzzle of prostate cancer arises, why in the first place. Only then eliminate, this disease, we clearly male disease than men and women. For now it is clear that we are on track to have to defeat prostate cancer.

Source: http://www.americanredcrossncwv.org/prostate-cancer-prevention-versus-treatment

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