You are currently browsing the Business & Financial News weblog archives for February, 2007.

The chief of Hyundai Company is sentenced to three years of prison

The South-Korean court on Monday has sentenced the chief of company Hyundai Motor Co. Chung Mong-koo guilty of no-purpose use of the capital and waste of more than 100 million dollars; he has also been sentenced to three years of imprisonment.
The 68-year-old head of the largest in Korea and the sixth in the […]

Peking regrets, that the USA have submitted the claim against China

The USA has submitted to Friday in the World trading organization (WTO) the new claim against China. They accuse Peking of reception of unfair competitive advantages in trade due to a tax policy and support by the government of the Chinese companies and firms.
Explaining this step, the representative of the USA at trading […]

The world will be united with the Ecological Organization

The Parisian international conference on problems of the environment, passed under the motto “We are the citizens of the Earth”, has called for creation of the World Ecological Organization.
In the declaration accepted on results of work of conference it is said the World Ecological Organization calls to transform the Program of the United […]

The world has run into six billions dollars debt to the United Nations

The most part of the states-members of the United Nations has not carried out their financial obligations. For February, 1st, 2007 the states have underpaid 5, 8 billion dollars into the United Nations’ treasury. Such information has been declared by the press-secretary of the Organization Michel Montas.
Each UNO’s member should make a payment […]

Aluminium alliance

The Eurocommission has approved the purchase of OAO “Sual” and aluminous actives Glencore by the group EN +, which is representing interests of the shareholder of OAO “Russian Aluminium “.
Thus, the Eurocommission has approved the transaction on merge “Rusal“, “Sual” and Glencore.
 In opinion of the “Rusal” general director Alexander Bulygin, the approval by Eurocommission […]