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 ...
More International Business News
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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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World Bank reviews $5.4bn investments in Nigeria
The World Bank on Tuesday began a review of its investments and activities worth $5.4bn in Nigeria. The investments are in 26 projects and involve 200 entities across the ...
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National Hajj Committee announces package for 2013 Pilgrimage
Mr Ibrahim Abdul-Rauf Tanko, Chairman of the Committee, told journalists at a briefing to announce the 2013 Hajj package that Ghana had already paid in advance services for 6,780 prospective pilgrims, the maximum quota given to the ...
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The G-8 and Africa in Partnership for Global Food Security
In the same spirit of sharing and making official data easily accessible to the public, U.S. Agriculture Secretary Tom Vilsack opened the two-day G-8 International Conference on Open Data for Agriculture in Washington, DC. Held on Monday, April 29 and Tuesday, April 30, 2013, the Conference was, and still is, definitely one of the most significant global events in contemporary ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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U.S. power companies under frequent cyberattack
IDG News Service - A survey of U.S. utilities shows many are facing frequent cyberattacks that could threaten a highly interdependent power grid supplying more than 300 million people, according to a congressional report. More than a dozen utilities said cyberattacks were daily or constant, according to the survey, commissioned by U.S. Democratic Representatives Edward J. Markey and Henry A. ...
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China expects co-op with more Indian companies
/enpproperty--> MUMBAI - 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 here 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 ...
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Li stresses global strategic significance of China-India ties
/enpproperty--> NEW DELHI - 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 third day of his trip to India, the first leg of his first foreign trip since taking office in ...
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Most Thai CEOs believe high baht hurting business survey finds
Four in five CEOs believe that the baht bubble is battering their business, the long-term health of the economy remains unclear and rising costs will continue to constrict liquidity, according to a survey of chief executives' sentiments for ...
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Labour leaders in Bangladesh urge Wal-Mart Gap to sign factory accord
The local arm of IndustriALL, a global union federation, yesterday appealed to Wal-Mart and Gap to join a legally binding accord immediately to ensure safety in Bangladesh's garment factories.A total of 37 international clothing retailers have already signed the agreement designed by IndustriALL to contribute financially towards minimising occupational risks in Bangladesh's garment ...
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Judge dismisses HD Mining court challenge by unions
(QMI Agency files) A Federal Court judge dismissed Tuesday a challenge by two unions to overturn temporary foreign worker permits granted to a China-backed mining company. Judge Russel Zinn ruled HD Mining properly applied for the 201 worker permits, according to the Labour Market Opinions process. The International Union of Operating Engineers Local 115 and BC Building Trades union said the ...
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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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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 ...
North America Feature
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North America's unknown potential disaster
North America is facing a potential ecological disaster that most people are not even aware of, according to scientists who have been studying the little brown bat (or myotis bat), the most common species of bat in the United States and the wider North American continent.
This is because the bat is under attack by a killer fungus that grows on the bats’ wings during hibernation and causes them to lose body fat and wake early from their sleep, which causes them to eventually die. The fungal infection is said by researchers to be capable of killing off the bat within the next 16 years when their current population, which numbers up to several million, may fall to just 0.01% of present levels. Read more
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