Browsing Category News
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Indonesia, Australia launch UN-backed $30m forest CO2 project REDD
Indonesia and Australia have launched a A$30m project to fight deforestation in Sumatra as part of efforts to cut greenhouse gas emissions and boost a planned forest-carbon trading... -
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AT&T kills $39bn takeover bid for T-Mobile
After months of opposition from regulators and rivals, AT&T late on Monday dropped its controversial $39bn takeover bid for T-Mobile USA, the company said. The FCC, which was ... -
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SEC sues ex-Freddie Mac and ex-Fannie Mae executives
The Securities and Exchange Commission late on Sunday filed securities fraud charges against six former Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mor... -
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Zynga IPO prices hit top of the range
Online games producer Zynga late on Thursday managed to raise $1bn in its initial public offering after it priced shares at the top end of a preliminary $8.50 to $10 market range. ... -
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Brazil sues Chevron for $10.6bn oil spill damage
Brazilian federal prosecutors late on Wednesday sued US-based Chevron and rig operator Transocean for $10.6bn in damages following environmental harm alleged to have been caused by... -
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Olympus meets earnings deadline to stay in TSE
Japanese optical equipment manufacturer Olympus has submitted long delayed earnings reports on Wednesday, only hours before a crucial deadline to avoid being removed from the Tokyo... -
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Areva shelves projects and plans 1,500 job cuts amid $1.6bn loss
Areva, the globe’s largest supplier of nuclear fuel and services, on Tuesday said it is to suspend building work at sites including Africa, the US and France. The news comes a da... -
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German president criticises G20’s crisis approach
German President Christian Wulff criticised efforts by the Group of 20 nations to contain the global financial crisis, saying they were too small in scale and had achieved little. ... -
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Eurozone moves with fiscal union, UK stands its ground
Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead w... -
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Pakistan flood pain lingers
The 2010 floods in Pakistan started late in July, following heavier than normal monsoon rains in Balochistan, the Punjab, Sindh, Pakhtunkhwa and the Khyber; in fact the whole Indus...
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