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Chinese oil giant Sinopec says its net profit fell 47 per cent last year, as oil price volatility and government price controls hit its bottom line.

BERLIN (AFP) – Germany’s stricken Hypo Real Estate bank will survive, its head insisted Sunday, after the government said it would take an 8.7 percent stake in the lender as the first step towards full nationalisation.

Treasurer Wayne Swan has moved to reassure the public that Australia will come out of the current economic crisis “stronger and more prosperous than before”.

The South Australia Chamber of Mines and Energy is confident the Prominent Hill mine in South Australia’s far north will continue operating, as owner OZ Minerals tries to strike a new takeover deal excluding the mine.

Budget airlines are likely are likely to weather the current tough environment better than rivals, Jetstar chief executive Bruce Buchanan says.

AUSTRALIAN stocks are expected to open lower after US stocks and commodity prices declined on Friday.

Prime Minister Kevin Rudd has discussed his proposal for an Asia Pacific community with the former Nixon administration’s secretary of state, Henry Kissinger.

Tokyo, Mar 27, 2009 – (JCN Newswire) – Following a successful testing exercise conducted in December 2008, the Principality of Monaco, Mitsubishi Motors Corporation, Mitsubishi Motors Europe B.V. and MC Automobile (Europe) N.V. – a subsidiary of Mitsubishi Corporation – yesterday signed a Memorandum of Understanding (MoU) regarding fleet testing of Mitsubishi Motors’ zero on-road emission i MiEV(1) electric vehicle with the Principality of Monaco.

The Northern Territory Government says the site for the proposed workers village for the multi-billion-dollar Inpex plant is still up for discussion.

The Northern Territory Environment Centre says Territorians will pay significantly more for power in the future because of the carbon emissions trading scheme.