 | TOP STORIES |  | | | Anglo Reviews All Capital Spending | | By Charlotte Mathews, 09 Dec 2008, 09:45 AM | | Anglo American would make an announcement by the middle of this month on the outcome of a review into all its capital spending, a spokesman said yesterday. | | Metroex Keeps Its Focus On Congo | | By Charlotte Mathews, 09 Dec 2008, 09:51 AM | | Diversified resources miner Metorex has put on hold and is reviewing all its noncore, non-cash-generating projects, including Kinsenda in the Democratic Republic of Congo and its chromite tailings project, Phoenix Platinum, in South Africa (SA). | | PetroSA Oil Refinery Deal To Boost Coega | | By Chris van Gass, 09 Dec 2008, 09:30 AM | | PetroSA's award yesterday of an engineering contract to U.S. group KBR as part of an $11 billion refinery project at Coega has been hailed as "significant” for the viability of the Coega industrial development zone. | | A European Framework For Foreign Investment | | By Lars-Hendrik Röller and Nicolas Véron, 09 Dec 2008, 11:25 AM | | European security concerns about foreign investment have produced opaque and inconsistent responses by national governments. This article makes the case for establishing a E.U. authority to address the issue in an open, comprehensive and sustainable manner rather than allowing the proliferation of disparate national regulatory initiatives. The openness of the E.U. investment environment is at stake. | | The Fallout From The Global Credit Crisis: Contagion - Emerging Markets Under Stress | | By Helmut Reisen, 09 Dec 2008, 10:25 AM | | The global credit crisis is testing the resilience and sustainability of emerging markets' policies, this article warns. Even strong performers are not shielded against pure financial contagion, although they may well recover quickly once confidence is restored. In the future, development finance is likely to rely less on private debt. | | |