Archive for March 26th, 2008

Singapore manufacturing output up 10% in February

Wednesday, March 26th, 2008

Singapore's manufacturing output grew 10 percent in February over a year ago, following January's 11.7 percent growth, the Economic Development Board (EDB) said Wednesday. On a seasonally-adjusted basis, February manufacturing outpu ...

Mexico government seeks compromise in oil reform

Wednesday, March 26th, 2008

Mexico's ruling party is seeking to reach a compromise with opposition leftists in a proposal on the reform of the oil sector by limiting the engagement of private partners, officials said on Tuesday. The entry of private partners i ...

Clear Channel deal in danger as banks being reluctanct

Wednesday, March 26th, 2008

The 20 billion U.S. dollar leveraged buyout of U.S. radio operator Clear Channel Communications Inc. was in jeopardy on Tuesday, with banks increasingly reluctant to provide financing, said source familiar with the situation as quoted by me ...

Brazil concerned by overheated credit deals

Wednesday, March 26th, 2008

The Brazilian government is increasingly concerned by a boom in credit deals, which now amount to more than a third of the country's gross domestic product (GDP). Personal, corporate and institutional credit now tops 957.6 billion r ...

Mergers, acquisitions double in Brazil in 2007

Wednesday, March 26th, 2008

The total number of mergers and acquisitions in Brazil reached 135 in 2007, up 104.5 percent from 66 operations carried out in 2006, the National Investment Banks Association announced Tuesday. The value of those types of operations ...

Brazilian mining giant Vale fails to acquire Xstrata

Wednesday, March 26th, 2008

Brazilian mining giant Vale said Tuesday it has discontinued negotiations to acquire Switzerland-based miner Xstrata in a deal that could have turned it into the world's biggest mining company. The deal, which includes a cash and sh ...

Cambodian PM appeals for calm over inflation

Wednesday, March 26th, 2008

As accelerating inflation puts more and more people at serious risk, Prime Minister Hun Sen has appealed to Cambodians to be calm over increasing goods prices, especially that of rice, local media reported Wednesday. Soaring rice pr ...

Iraqi PM orders three-day deadline to handover weapons

Wednesday, March 26th, 2008

Iraqi Prime Minister Nuri al-Maliki ordered a three-day deadline for militiamen in southern city of Basra to hand over weapons, Iraqi official television reported on Wednesday. Source:Xinhua ...