• Thursday, March 11, 2010

Business » World

BRIEFS

11 Mar 10 - Europe to demand bluefin tuna trade ban BRUSSELS: Europe yesterday joined the United States in formally seeking to ban trade in Atlantic bluefin tuna, the king of Japanese sushi and sashimi, in a move that has angered Tokyo. Ambassadors...

Britain ready to compromise on EU hedge fund rules

11 Mar 10 - BRITAIN is preparing concessions to Germany and France that will pave the way for European finance ministers to agree draft rules on hedge funds as soon as next week, sources with knowledge of the matter said. European leaders including...

Turkish PM says IMF talks over, rules out loan deal

11 Mar 10 - TURKEY and the International Monetary Fund have called off loan talks because the country does not need emergency funds, the prime minister said yesterday, ending nearly two years of talks dogged by disagreement on key issues. "At...

Geely gets financing to buy Volvo

11 Mar 10 - CHINESE carmaker Geely has secured financing for its planned purchase of Volvo Cars from US auto giant Ford from Chinese financial institutes and regional authorities, a report said yesterday. "Financing for the Volvo deal was...

Most WTO members yet to give subsidy data

11 Mar 10 - MOST members of the World Trade Organisation are years behind in providing data about farm subsidies, essential to see whether they are sticking to agreements, an internal WTO document shows. The document, prepared by the WTO secretariat...

Russia, India deals to exceed US$10b

11 Mar 10 - RUSSIA plans to sign over US$10 billion worth of deals with India during the visit of Prime Minister Vladimir Putin later this week, Putin's deputy, Sergei Sobyanin, told Reuters. The deals will range from contracts for the joint design...

MySpace plans site overhaul to rekindle growth

11 Mar 10 - WITH shrinking audiences, deep layoffs and two management shake-ups, News Corp's MySpace, the one-time leader in Internet social networking, has had a rocky year. Mike Jones, who took over as co-president last month with Jason...

Toyota hits back at claims of electronic defects

10 Mar 10 - TOYOTA sought on Monday to dispel fears about the safety of its electronics, but was put on the defensive when a Prius went speeding out of control along a California highway. The Japanese automaker insisted that mechanical fixes it is...

France launches new financial regulatory body

10 Mar 10 - FRANCE formally launched yesterday a new regulatory body to supervise its financial sector, as governments around the world look to strengthen their regulatory systems to prevent a repeat of the credit crisis. Bank of France Governor...

BP to lead consortium in Azerbaijan oilfield investment

10 Mar 10 - AN INTERNATIONAL consortium led by British oil giant BP has given the go-ahead for a US$6.0-billion (€4.4-billion) investment in developing a major oil field in Azerbaijan, BP said yesterday. The new Chirag Oil Project will allow for...
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