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New York attorney general files antitrust suit against Intel New York (AFP) Nov 4, 2009 
The attorney general of New York state filed an antitrust lawsuit against Intel Corp. on Wednesday alleging the US computer chip giant engaged in illegal practices to dominate the market. "Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market," Attorney General Andrew Cuomo said in a statement. "Intel's actions not only unfairly restricted ... read moreUS asks WTO to rule on China raw materials restrictions 
Washington (AFP) Nov 4, 2009The United States, joined by the EU and Mexico, asked the World Trade Organization Wednesday to rule on a dispute over Chinese restrictions on raw materials exports, officials said. The move seeks a formal WTO panel on a complaint filed June 23 alleging China improperly restricts exports to materials to help its own manufacturers. "We are going to the WTO today to enforce America's right ... more
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Rio hints at different iron ore prices for China: reports
Sydney (AFP) Nov 3, 2009Anglo-Australian miner Rio Tinto said China could be priced differently from other iron ore markets in 2010, as it warned that "unfair" costs would make talks difficult, reports said Tuesday. The mining giant said the iron ore price-setting mechanism was evolving. "Any number of scenarios could relate to an outcome in 2010, with one scenario being a different pricing mechanism in China ... more HSBC bank to cut 1,700 jobs in Britain 
London (AFP) Nov 3, 2009Global banking giant HSBC is to cut more than 1,700 jobs across its retail banking division in Britain, a spokesman said on Tuesday. HSBC will axe "just over 1,700" jobs, a spokesman told AFP. The announcement came as the government unveiled a major shake-up of the banking sector and one day after state-controlled Royal Bank of Scotland (RBS) said it would eliminate about 3,700 jobs acr ... more Baghdad International Fair opens its doors to investors 
Baghdad (AFP) Nov 1, 2009The Baghdad International Fair opened its doors on Sunday for the first time since 2002 as Iraq searches for investors to rebuild its moribund economy after years of violence and sanctions. The 10-day trade show follows investment conferences in Washington last month and London in May aimed at courting firms interested in doing business in Iraq, with another such meeting due in Berlin this ... more Sinopec, Japan's Mitsui to pump millions in Shanghai plants 
Beijing (AFP) Nov 2, 2009China's Sinopec, Asia's largest oil refiner, said Monday that it would team up with Japan's Mitsui Chemicals to invest a combined 60 billion yen (732 million dollars) to build two plants in Shanghai. The factories will produce phenol and ethylene propylene terpolymer (EPT), which are used to make auto parts such as seal strip for car windows and rubber tubes, an executive with the Chinese fi ... more |
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In Iraq's oil battle, Kirkuk is key
Baghdad (UPI) Oct 30, 2009 The president of Iraq's semiautonomous Kurdish region has demanded the disputed, ethnically divided city of Kirkuk, which dominates the northern oilfields, be put under his control. The Baghdad government, struggling to make ends meet, is unlikely to relinquish such a vital economic prize. So the demand by Massoud Barzani, who fought a guerrilla war against Saddam Hussein for de ... more Europe's leaders grapple with bloc's future 
Brussels (AFP) Oct 29, 2009Europe's leaders grapple on Thursday with deadlock on how to fight global warming and the legacy of recession, all the while jockeying for control of arguably the biggest appointment in Brussels' history. Fresh from a celebratory eve-of-summit dinner in Paris hours after Angela Merkel was sworn in for a second term as German chancellor, French President Nicolas Sarkozy said the twin ... more US, China wrap up high-level trade talks 
Hangzhou, China (AFP) Oct 29, 2009China and the United States wrapped up trade talks Thursday with token gestures on commercial disputes but tension lurked beneath the surface ahead of a visit by US President Barack Obama. US Commerce Secretary Gary Locke, Trade Representative Ron Kirk and Agriculture Secretary Tom Vilsack met for a second day with a team led by Chinese Vice-Premier Wang Qishan in the eastern city of ... more Philippines aiming to join China's resource boom 
Manila (AFP) Oct 29, 2009The Philippines is aiming to be one of the next nations to cash in on China's insatiable appetite for resources, with the Asian neighbours working to build closer mining ties, officials from both sides say. The Southeast Asian country has vast amounts of gold, nickel, copper and other valuable minerals, but for years its mining industry has underperformed due to bad governance, foreign owner ... more |
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