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

Enemy squirrels-spies could watch Iran

Iranian mass-media have proved the information that the police of Iran have arrested fourteen squirrels on suspicion in espionage. The group of rodents has been found out by policemen on frontier, and all of them have been equipped by overhearing devices.
The surprising information has been promulgated by the main news agency of Iran Islamic Republic […]

Samsung is afraid of unfriendly merge

American private investor can plan unfriendly purchase of the Korean household and contract electronics manufacturer Samsung Electronics Co. This information, referring to not named sources in Samsung management, was published by the Korean mass-media.
According to a source, now Samsung develops strategy of protection within the limits of which it can, in particular, address to other […]

Apollo will buy chemical company Huntsman for $10,6 billion

American company Hexion Specialty Chemicals Inc., representing private investment fund Apollo Management L.P., has entered into the final agreement on purchase of chemical company Huntsman Corp. Such information has been represented in today Hexion’s materials.
According to the terms of transaction Hexion Specialty will pay 28 dollars cash for each Huntsman’s share, and the total amount […]

Angela Merkel has called for equality of France and Germany in EADS

German Chancellor Angela Merkel supports preservation of balance between French and German actives in European space concern European Aeronautics Defence and Space Co. (EADS).
In her last interview to German mass-media Angela Merkel has declared that France and Germany possess equal share holdings in EADS that helps to keep effective structure of management. Then the chancellor […]

Fidel Castro has condemned the USA for hypocrisy

The political leader of Cuba Fidel Castro has condemned the USA for “hypocrisy” and “total lack of ethics”.
In the essay devoted of the Cuban revolution 1959, Castro has noted, that the American “attractive Declaration of Independence of 1776″, was a significant step forward in history of mankind, but became a starting point for creation of […]

Garnier has been fined for racism

French company Garnier, world known cosmetics manufacturer, and Swiss agency on stuff selection Adecco are fined on 30 thousand euro (about 40 thousand dollars). The court has recognized them guilty as in 2000 these companies carried out “racist recruiting campaign”.
The penalty - is not the first punishment for Garnier and Adecco. These companies are also […]

Condoleeza Rice: China should be fairer

China should conduct more fair games in trade and currency regulation. Such opinion has been stated by the US State Secretary Condoleeza Rice.
She has also told that in general, the growing strong Chinese economy will benefit the international system; but it should be the growing and strong economy which plays by rules. Now, in opinion […]

OPEC’s price “basket” has exceeded 70 doll./barr.

It is the first time since August 2006 that the price of OPEC’s oil “basket” has exceeded 70 doll./barr. So, on July, 5th the price of “basket” has officially made 70,22 (+0,46) doll./barr. The parameter was established on the highest mark after August, 10th 2006, when the price of “basket” made 70,94 doll./barr.
At the same […]

Bush has called Americans “to suffer war in Iraq”

Making speech on military-air base of the USA in the Western Virginia in honor of celebrating Independence Day, the president of the USA Georges Bush has called inhabitants of the country to be more patient to military campaign in Iraq.
The American president has noted that the victory over this struggle will demand more patience and […]

Turkey is going to take $6 billion credit

Minister of Economics of Turkey has declared that the country negotiates with the World Bank for the strategic program assuming granting of the credit at a rate of 6 billion of dollars.
As he said, this program calculated on 2008-2011 and it is aimed at solving problems of increase of competitiveness of the Turkish companies and […]