Latest International Business News
RSS-
World Bank UN chiefs to visit African Great Lakes region
The World Bank President, Jim Yong Kim, and UN Secretary-General Ban Ki-moon will make a joint visit to Africa's Great Lakes region, a World Bank statement said Monday. The visit is to be undertaken in support of a landmark peace agreement and to push for economic development in the troubled region. "The visit will draw attention to the plight of fragile and conflict-affected countries ...
-
Russia needs 3 to 5 years for an efficient economy
Russia will need three to five years to exit stagnation and build an efficient economy, former finance minister Alexei Kudrin has said. "Even if we roll up our sleeves and set to work right now, we'll need from three to five years to achieve new elements of efficiency," Kudrin said at an Open Tribune meeting held by the State Duma, the lower house of Russia's parliament. He also said the ...
-
US drugmaker Actavis buying Warner Chilcott in $8.5bn deal
WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...
More International Business News
RSS-
Morgan Stanley India to sell wealth management arm to StanChart
MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...
-
Aviation officials see global emissions deal possible by 2020
Reuters © An Airbus A380 flies through cloud during a display flight at the Farnborough Airshow 2012 in southern England July 9, 2012. REUTERS/Luke ...
-
Auto industry makes the case for incentives
Linamar Corp. president Linda Hasenfratz said governments should offer incentives to attract new vehicle assembly plants to Canada. (MIKE ...
-
Stock to watch Hewlett-Packard a bargain despite recent price run-up
: After enduring a roller-coaster ride, shares of the Palo Alto, Calif.-based personal computer giant are basically flat over the past year. Its stock, however, has been roiled in recent years by a revolving door of chief executive officers as its personal computer and printing businesses continued to face competition from smartphones and tablets. Meg Whitman, who took over as CEO in late 2011 ...
-
Video Ontario premier speaks out on Rob Ford crack allegations
Ontario Premier Kathleen Wynne says she takes it seriously when personal issues start to impact city governance. Wynne was asked about recent reports of a video purported to show Toronto Mayor Rob Ford smoking crack ...
-
How a spark of an idea for a sneaker turned Crystal4U into a sparkling business
During her freshman year in high school, Megan Rodriguez, now 21, wore Converse sneakers of various colors almost every day. Her signature style of shoes would not change, even when it came to her quinceañera celebration.Rodriguez had a 15th birthday party that included a glamorous dress, choreographed dance routines and countless friends and family members. Every detail was traditional, ...
-
C.R. Barger Sons named Roane Industry of the Year
Harriman -- C.R. Barger & Sons on Tuesday was named the 2013 Roane County Industry of the Year by the Roane County Industrial Development ...
-
Marten Transport to Participate in the KeyBanc Capital Markets Industrial Automotive and Transportation Conference
MONDOVI, Wis. -- Marten Transport, Ltd. (Nasdaq:MRTN) announced today that the Company is scheduled to present at the KeyBanc Capital Markets' Industrial, Automotive and Transportation Conference at the InterContinental Boston Hotel in Boston, Massachusetts on Wednesday, May 29, 2013 at 9:00 A.M. Eastern Time.The slides for this presentation will be available in the Investor Relations ...
-
UNFPA Focuses on Contraception for 222 Million in Developing World
- When thousands of participants from around the world gather in the Malaysian capital of Kuala Lumpur next week, the primary focus will be on health and empowerment of girls and ...
-
IMF urges Treasury to speed up sale of Lloyds and RBS
Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the 65bn stakes in the two bailed-out banks.As part of its annual health check on the UK economy, the Washington-based fund is said to be telling the government that disposal of the share stakes should be a priority.Hopes of a sell-off of the ...
-
First Round Of Xbox One Vs. PS4 Goes To Microsoft
and Microsoft have had a chance to give us a first look at their new consoles, and I'm handing this first round to Microsoft. First, the obvious point. Sony did not show us a console, Microsoft did. Point Microsoft -- we know what we're talking about now. The rest of the set up a bold new vision -- broad strokes all around, but impressive partnerships and a much more thorough look at ...
-
China Declares Global State of Emergency An Urgent Telegram from Taihu
most powerful politician, Yu Zhengsheng, Chairman of the National Committee of the CPPCC (Chinese People's Political Consultative Conference) opened the Second Conference of the (carbon-neutralized) ...
-
YieldBoost Joy Global From 1.2 To 6.2
NYSE: JOY ) looking to boost their income beyond the stock's 1.2% annualized dividend yield can sell the January 2015 covered call at the $77.50 strike and collect the premium based on the $4.95 bid, which annualizes to an additional 5.1% rate of return against the current stock price (at ...
-
China coal imports to continue affecting global prices Platts
/enpproperty--> China's coal imports will continue from a more diversified number of sources over the long-term, exerting a major influence on international coal prices, according to Platts, a leading source of benchmark price assessments in the energy, petrochemicals and metals sectors. James O'Connell, the editor-in-chief of Platts' Coal Trader International, which ...
-
Rising costs weak demand excess capacity harm local industry
/enpproperty--> One of China's leading commodities information portals has issued a stark warning on the state of the country's coal industry. Sublime China Information Co Ltd, which runs the commodities website, www.sci99.com, says the industry continues to suffer from dramatic falls in prices and weak demand, caused by domestic overcapacity and growing imports. Liu ...
-
World class rocker Bolder dies
Uriah Heep five years later and only stopped playing with the band a few months ago, due to his poor health.Tributes were paid to him as a "world-class" rock musician.A statement from Uriah Heep said: "It is with great sadness that Uriah Heep announce the passing of our friend the amazing Trevor Bolder, who has passed away after his long fight with cancer. Trevor was an all-time ...
-
As Corporate Accountability Barriers Grow Chamber Of Commerce Still Claims ‘Lawsuit Abuse’
corporate spending in state courts around the country, procedural wins have imposed new onerous hurdles on individuals aiming to hold businesses accountable for their wrongdoing. Two new analyses out this week point to the real costs of these losses for individuals. In one study, researchers found ...
-
Business aviation still waiting for recovery
Manufacturers of business jets can look forward to climbing sales in the years to come thanks to emerging markets as they gather in Switzerland for an annual air show, having survived the turbulence of the global financial crisis.But "we're still waiting for the real recovery," noted Eric Trappier, chief executive of Dassault Aviation, which will have three versions of its ...
-
Mike Bell to lead Intels new devices unit
(Credit: Intel) Former Apple and Palm executive Mike Bell has been picked by Intel to steer the company's newly-formed new devices ...
-
Xbox One moves Microsoft closer to living room hub
The next-generation gaming console from the software giant is about much more than gaming. It should help Microsoft realize its vision of being at the center of consumer ...
-
FiveThirtyEight Is the Economy Saving Obama’s Approval Ratings
Political coverage over the last week has focused on a series of stories that reflect negatively on the executive branch -- but President Obama’s approval ratings have held steady. As of Monday, Mr. Obama’s Gallup approval rating was 49 percent -- the same as it was, on average, in April. Mr. Obama’s Rasmussen Reports approval rating was 48 percent, not much changed from an ...
-
ECSU Chancellor Willie Gilchrist Resigns Amid State Investigation Into Campus Crime Reporting
Elizabeth City State University Chancellor Willie Gilchrist announced Friday that he will resign from his post. His resignation comes as the university is being scrutinized for alleged failures to investigate and report campus crime incidents. (Image via ...
Middle East Focus
-
Israel and Palestine as one country?
Peace in the Middle East, it’s as illusive now as it was ten years ago and ten years before that. For many commentators, peace in the Middle East has become a myth, something local and international governments strive for or claim to support without any real hope of realization of the goal. With the current impasse between Israel and the Palestinian Authority ongoing, an old theme is being kicked around again, that of a single state that incorporates Israel and Palestine.
A single state solution is an idea that grew up in the 1920s and then died with the Six-Day War when divisions between the newly-founded Israeli state and the rest of the region were too entrenched for the idea to retain any traction. The political landscape after the war and even today is what many Jewish groups feared when Jewish Zionists were calling for a return to the biblical homeland to develop a Jewish state. Read more
News from around our Network
