Latest International Business News
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Bank mergers could lead to too-big-to-fail entities Chidambaram
Union Finance Minister P. Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks. Addressing the Annual Day function of the Competition Commission of India (CCI) here yesterday, he underscored the need for two or three world-size banks in an economy that is poised to become one among the five largest in the world. "Are our regulators well ...
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Governments failing to protect minorities says US
US Secretary of State John Kerry has expressed concern at global problems of discrimination and violence against religious groups, including Baha'is, Buddhists, Hindus, Jews, Christians, Muslims, and Sikhs besides increasing use of blasphemy and apostasy laws. "In too many places, governments are also failing to protect minorities from social discrimination and violence," he said Monday ...
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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 ...
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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 ...
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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 ...
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Schafer Maturing medical device industry must change
For Norm Dann, it’s pretty simple. "If the medical device industry is going to survive," he said, "the business model has got to change." It’s now a mature, slow-growth industry, he said. It has to make simpler and less costly products. And companies have to significantly shrink their hugely expensive sales and marketing organizations. These are not the ...
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Eagles future hangs on World Cup ticket — Oboabona
"We know the importance of clinching the World Cup ticket and the coach has also let us understand that our careers will be built on this ticket, that is why we can't let it go. We are ready to give everything so that we are victorious at the end," the Sunshine Stars skipper told ...
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The GOP response to global warming is irrational and dangerous
A major cause of global warming is consumption of fossil fuels (coal, oil and natural gas). When burned, these fuels emit carbon dioxide, which made ...
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Watch Live Senate Finance Committee Hearing on IRS
Watch the Senate Finance Committee hearing to review criteria employed by the IRS to identify tax exemption applications for greater scrutiny. Former IRS Commissioner Douglas Shulman is scheduled to ...
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Deal Professor Buffett With His Magic Touch May Be Irreplaceable
Warren E. Buffett is the buyer, there is typically something of a discount. The ability to make acquisitions on favorable terms is a testament to Mr. Buffett's personality and skills as a deal maker. It also highlights an almost unsolvable problem for his ...
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DealBook Fallen Goldman Director Appeals for a New Trial
Goldman Sachs director found guilty last year of leaking the bank's boardroom discussions to his hedge fund friend. "I heard yesterday from somebody who's on the board of Goldman Sachs that they are going to lose $2 per share," his friend, the money ...
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The tricky business of collaboration
The tricky business of collaboration Shaping a winning squad is a tricky job. Experts emphasize team building with direct feedback to members who aren’t working with the ...
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Premier Li stresses global strategic significance of China-India relations
Chinese Premier Li Keqiang (L) meets with Indian President Pranab Mukherjee in New Delhi, India, May 21, 2013. Photo: Xinhua Visiting Chinese premier Li Keqiang stressed the global strategic significance of China-India relations Tuesday during a meeting with Indian President Pranab Mukherjee."China and India are strategic partners and friendly neighbors, " Li told Mukherjee on the ...
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China expects cooperation with more Indian companies premier
China welcomes more Indian enterprises to cooperate with their Chinese counterparts to achieve mutually beneficial and win-win results, visiting Chinese premier Li Keqiang said Tuesday.Li made the remarks when touring India's industrial giant Tata Group in the financial capital of Mumbai.Li said that the group, which opened an office in China's Shanghai over a century ago, has a ...
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Microsofts New Xbox One Can Measure Heart Rate
made no official healthcare announcement today. At least none that I'm aware of. They did, however, announce their latest home entertainment console - the new Xbox One (pictured above) - and that does make for some really interesting speculation on the intersection of home entertainment and home health. That intersection hasn't arrived - but it's definitely coming and it's ...
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AFTA industry awards finalists selected
The Australian Federation of Travel Agents (AFTA) has announced the finalists, across 33 categories, for the 2013 National Travel Industry Awards (NTIA). Categories include; Rookie of the Year Agent, Best Business Events Travel Agency, Best Travel Writer, Best Domestic Airline, Best Travel Consultant Retail and many more. Industry members were polled and cast votes, with the ...
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Xbox One Microsoft reveals new console that changes everything
Xbox console on Tuesday that not only integrates TV, internet and gaming, but also will measure your heartbeat and recognise your voice.The company said the Xbox One will revolutionise its users' lifestyles by integrating the cloud, voice control and gesture technology into a simple, intuitive machine."It changes everything," Marc Whitten, an Xbox executive, told a packed hall of ...
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Spud industry set for big shake-up
The WA potato industry is in for a major shake up under ambitious plans to add variety and value to the humble spud through research and a major marketing campaign funded by growers.The Potato Marketing Corporation is confident it can deliver strategic change in the heavily regulated industry, which is still subject to the Marketing of Potatoes Act of 1946.A $1.8 million grower-funded marketing ...
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For U.S. Companies Money Offshore Means Manhattan
Like some of the ...
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GLOBAL MARKETS-Asian stocks cheered by Fed reassurance yen awaits BOJ
Tue May 21, 2013 8:58pm EDT * Asian stocks open up, buoyed by record highs on Wall St * Fed officials play down speculation of ending stimulus anytime soon * BOJ policy decision closely watched amid bond market volatility By Ian Chua SYDNEY, May 22 (Reuters) - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/2 year high, while the ...
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Born to the business
A: As a child, I was only involved with Kobey's through our advertising. We've always been a family business and ever since I was born, my family used me and my sister, Elizabeth, as models in our advertising campaigns on billboards and TV ...
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Competition transforming state’s gasoline industry
As a gasoline consumer of long standing, my knees jerked last week with the news that a major consolidation in the Southern California oil refining industry had sailed through reviews ...
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UK Shale Gas Industry Could Support 74000 Jobs
A new report from UK employers' organization The Institute of Directors (IoD) argues that shale gas development in the UK could create tens of thousands of jobs, reduce imports, generate significant tax revenue and support British manufacturing. Released Wednesday, the IoD's report, titled "Getting Shale Gas Working", makes a series of claims that support the view that shale ...
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Fantastic Holdings issues earnings downgrade
AAP reports that the downgrade reflects the weak retail sector as well as the costs of "strategic initiatives" that the company has pursued. The group said in a statement to the Australian Securities Exchange that it expects to report a net profit after tax (NPAT) in the range of $13.5 million to $15.5 million, compared to FY2012 underlying earnings of $21 million. "The ...
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Innovation jumpstarts Jilins economy
Both industry and farming more efficient, Liu Mingtai reports Jilin authorities said they will continue policies that sharpen the province's edge in innovation to better promote efficiency and sustainable development. Even with rich agricultural resources and a well-established industrial base, Jilin ranks just 22nd among the 31 provincial economies on the Chinese mainland. Its growth in ...
Latin America Focus
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Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
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