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| International Business News |
| Another day, another selloff for Ambac (ABK) and MBIA (MBI). The bond insurers sold off anew Thursday afternoon after S&P cut its insurer financial strength ratings on the companies? main insurance units to double-A from triple-A. The news came a day after Moody?s said a downgrade of Ambac and MBIA was ?likely.? Shares fell more than 6% after dropping more than 15% Wednesday.
?The rating actions on the companies reflect our belief that these entities will face diminished public finance and... |
| http://dailybriefing.blogs.fortune.cnn.com/2008/06/05/sp-downgrades-ambac-mbia/ |
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| NEW YORK (AP) -- Oil prices rose back above $128 a barrel Thursday after the dollar fell in response to comments by European Central Bank President Jean-Claude Trichet suggesting the bank could raise interest rates.
At the pump, meanwhile, gas prices rose to a new record near $3.99, and appeared likely to hit $4 soon.
Light, sweet crude for July delivery rose as high as $128.26 before retreating slightly to settle up $5.49 at $127.79 on the New York Mercantile Exchange (Nymex), easily ... |
| http://money.cnn.com/2008/06/05/markets/oil_prices.ap/index.htm?postversion=2008060515 |
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| Rick Wagoner, General Motors? chief executive, mounted a robust defence on Thursday of Detroit carmakers? dependence on sport-utility vehicles and pick-up trucks, dismissing criticism that the companies were to blame as demand for those vehicles has collapsed.
?Is it the US manufacturers who are stupid? I don?t think so,? Mr Wagoner said in an interview with the Financial Times, referring to GM, Ford Motor and Chrysler.
He added that Japanese carmakers had made similar mistakes in cater... |
| http://www.ft.com/cms/s/0/b2ed8290-3330-11dd-8a25-0000779fd2ac.html?nclick_check=1 |
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| Softbank's June 4 announcement that it has signed up to sell Apple's (APPL) popular iPhone in Japan might seem like a major coup for the country's third-largest mobile operator. A new and improved iPhone, which Apple is widely expected to unveil at the Worldwide Developers' Conference (WWDC) in San Francisco next week (BusinessWeek, 5/27/08), could help Softbank narrow the gap with the two largest wireless carriers, NTT DoCoMo (DCM) and KDDI. The buzz alone should boost Softbank's brand image... |
| http://www.businessweek.com/globalbiz/content/jun2008/gb2008065_996799.htm?chan=globalbiz_asia+index+page_top+stories |
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| Business education is booming in India, but the bulk of rank-and-file programs in the country suffer from outdated textbooks, professors who don't keep up with economic trends, and narrow curriculums, according to a recently released report by an Indian business group.
The Business Barometer study was issued last month by the the Associated Chambers of Commerce & Industry of India (Assocham), the country's leading chamber of commerce organization. It found that beyond the top 30 instituti... |
| http://www.businessweek.com/bschools/content/jun2008/bs2008063_820520.htm?chan=globalbiz_asia+index+page_top+stories |
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| Lee Shyan-Yuan, one of several commissioners at Taiwan's Financial Supervisory Commission (FSC), believes attracting hedge funds to the market would be a smart move.
He is courting hedge funds to invest in Taiwan and raise money from investors in that market. That's a bold move from a regulator, considering that many of his peers in other markets in Asia have not yet fully embraced hedge funds; some even still consider them the enemy. Hedge funds, after all, have been blamed?justifiably o... |
| http://www.businessweek.com/globalbiz/content/jun2008/gb2008065_691966.htm?chan=globalbiz_asia+index+page_top+stories |
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| The good news for China Telecom is it has a new mobile business. The bad news is it doesn't have the money to pay for it. The good news is investors?and government officials apparently?are lining up to give it money.
Telecom is paying 110 billion yuan ($15.8 billion) for the Unicom's CDMA network and business and expects to receive one of three 3G licenses by the end of the year.
But upgrade to 3G will cost at another 30 billion yuan ($4.32 billion), according to a Bank of China analy... |
| http://www.businessweek.com/globalbiz/content/jun2008/gb2008065_841193.htm?chan=globalbiz_asia+index+page_top+stories |
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| It seemed like any other workday at Togliatti Azot, a giant chemical factory in Russia's Samara region, on the Volga River 600 miles east of Moscow. Engineers were on their morning rounds, and union representatives had just finished a talk about financial support for newlyweds. Then around 11 a.m., dozens of men dressed in camouflage and toting automatic weapons charged into the administration building. "We thought it was a terrorist attack," Sergei Korushev, the plant's deputy director, says... |
| http://www.businessweek.com/magazine/content/08_24/b4088067604304.htm?chan=globalbiz_europe+index+page_top+stories |
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| When automakers reported how many cars they moved in the U.S. in May, small fuel-sippers were the clear favorites. Ford Motor (F) sold 53% more Focus compacts than it did a year ago, while Nissan's (NSANY) tiny Versa sold 15% more. And Volvo (F), Volkswagen (VLKAY), and BMW? All sold fewer of their small models.
A head-scratcher, that. European carmakers should be cleaning up. After all, small cars rule the road on the Continent, where gasoline costs twice as much it does in the U.S. But ... |
| http://www.businessweek.com/magazine/content/08_24/b4088028586549.htm?chan=globalbiz_europe+index+page_top+stories |
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| The UK economy is heading for a worse slowdown than expected, the Organisation for Economic Co-operation and Development (OECD) warned yesterday, cutting its predictions for growth and attacking government policy.
The international body slashed its forecasts for UK growth from 2 to 1.8 per cent for this year and from 2.4 to 1.4 per cent in 2009, much lower than the current Treasury forecasts of 2 per cent and 2.5 per cent respectively.
The OECD also warned the Government was in danger... |
| http://www.businessweek.com/globalbiz/content/jun2008/gb2008065_271500.htm?chan=globalbiz_europe+index+page_top+stories |
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| Following business opportunities are coming from our partner sites 24 hours, 7 days in week and that's why we advise check the information regularly!!! Amongst the business opportunities you can find offers/demands for textile, chemistry, electronic, food services...to aeroplanes and ships. All publicated business opportunities are real and it is only your decision if you are interested to contact your potential business partners. |
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![All demands from [Bulgaria]](/images/flags/bg.gif) [bg] |
M-100/75 Mazut |
| 2008-07-04 00:00, Mr. Ivo Mavroudtchiev, Overseas Marceting Corporation, Bulgaria |
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