China to set up largest-ever nuclear power project
Beijing: China may launch its largest indigenously-built nuclear power project with one-million-kilowatt capacity in the eastern province of Zhejiang and is part of an extension project of the Qinshan nuclear power plant in east China's Zhejiang Province, an official from the China National Nuclear Corporation (CNNC), a state-owned nuclear energy conglomerate, said.

Experts have approved a feasibility report and the central government is examining the project proposal, safety analysis of plant location and evaluation report of the impact on environment.
China began developing its nuclear power industry in the late 1980s to help ease the energy bottleneck. In March this year, the State Council adopted a strategy to promote nuclear power capacity.
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National Australia Bank to delist from LSE
Sydney: National Australia Bank plans to delist from the London Stock Exchange (LSE) on Jan 17 and according to John Stewart, the chief executive of the bank the de-listing from the LSE is another step in the group's ongoing streamlining of operations and will have no impact on the NAB's business in the UK.

As at Nov 16 the UK register showed 13,497 shareholders holding a total of 6.7 mln of NAB's 1.63 bln ordinary shares on issue.
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Prudential rejects Citigroup offer to buy Egg
London: Prudential has rejected an offer from Citigroup for Egg. Citigroup may now either raise its offer or withdraw. Citigroup's offer values Egg at £950 million, short of its market value of £1.1 billion when it was delisted from the stock market in February this year.

Commenting on the Citigroup approach, Pru said: "It was clear that it was speculative and conditional and not in our shareholders' interests to pursue further. It said its focus remains on its continuing review of the UK business and completing the integration of Egg.

Internet bank Egg has lost £39 million in its first half-year of operations. Its problems seem set to carry on. In October this year Prudential warned that Egg would incur a similar loss in its second half despite previous claims that it the business would break even.
Egg's problems have marred a strong performance by Prudential, which reported an 11 per cent climb in worldwide sales of insurance in the first nine months of the year.
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