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Archive for  December 2012

    • News Desk
    • Dec 9th, 2012
    • Comments Off on China’s Wenzhou launches private lending index

    China's entrepreneurial hub of Wenzhou has launched its own index to track private lending, with China seeking to provide greater transparency in a city known for its shadow-banking practices, the Shanghai Securities News said on

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on SEC wrestles with Internet age in Netflix case

    A US regulatory probe of Netflix Inc over disclosures made on its chief executive's Facebook page could prove an important test of whether a rule designed to prevent leaks to analysts can translate to the

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on Ecuador sees support for Opec climate levy plan

    Ecuador believes it has the support of Iran and Qatar for its proposal for Opec members to pay a small levy on their oil sales to help poor countries fight global warming, the chief climate

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on Canada okays CNOOC, Petronas deals but slams door on any more

    Canada approved China's biggest ever foreign takeover, the $15.1 billion bid by CNOOC Ltd for energy company Nexen Inc, after the Chinese giant agreed to various conditions, but drew a line in the sand against

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  • Meat imports to Russia from producers using ractopamine must be tested and certified free of the feed additive, the country's veterinary regulator said, denying on Saturday the requirement is a political retaliation. The move, imposed

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on Greek debt deal will cost billions, says German minister

    German Finance Minister Wolfgang Schaeuble repeated his assertion that the new debt deal for Greece will cost Berlin billions of euros in the long-term, but added the euro's advantages for Germany outweigh the cost of

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on Saudi Mobily resumes selling pre-paid SIM cards

    Saudi Arabia's second-biggest telecom operator Etihad Etisalat (Mobily) has resumed pre-paid SIM card sales after a two-week suspension by the regulator over provisioning requirements, the firm said in a bourse statement on Saturday. "Mobily announces

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on Standard Chartered settlement to come Monday

    Standard Chartered, a British bank, is expected to announce on Monday a $330 million settlement with US law-enforcement agencies, a deal that would conclude an investigation that examined whether the bank violated sanctions with Iran,

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on Standard Chartered settlement to come Monday

    Standard Chartered, a British bank, is expected to announce on Monday a $330 million settlement with US law-enforcement agencies, a deal that would conclude an investigation that examined whether the bank violated sanctions with Iran,

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    • News Desk
    • Dec 9th, 2012
    • Comments Off on J.P Morgan nearing UK tax settlement

    J.P. Morgan Chase & Co and the UK government are close to a settlement in which the bank and its employees could pay about 500 million pounds ($801.03 million) in back taxes, the Financial Times

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