Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
LONDON - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on Thursday.
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Philippines says approval of Xstrata's $5.9 billion Tampakan project may have to wait
MANILA (Reuters) - Philippines President Benigno Aquino said on Wednesday he wants to wait for the passage of a mining taxation reform law before approving the $5.9 billion Tampakan copper-and-gold mining project by global miner Xstrata Plc's Philippines unit.
"That seems to be the more prudent way," Aquino told a media conference when asked if the government would delay its decision to approve Sagittarius Mines Inc's application for the project in the southern Philippines.
Sagittarius, a unit of Xstrata and part-owned by Australian miner Indophil Resources NL, has asked Aquino to reverse the Department of Environment and Natural Resources' decision not to issue an environmental compliance certificate for the project.
The agency has said it would not issue a certificate, required before Sagittarius could start mine construction, until a provincial government ban on open-pit mining is lifted.
(Reporting by Rosemarie Francisco; Editing by Paul Tait)
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