Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
FINLAND DEAL
BY KEITH NUTHALL
COMPETITION clearance has been granted by the European Commission to the planned deal involving Finnish paper manufacturer UPM-Kymmene Corporation acquiring Morgan Adhesives, a United States-based company making adhesive labels for manufacturers. Brussels concluded after an inquiry that the takeover would not damage competition in the European Union (EU) as US-based Avery Dennison would remain the market leader in Europe.…
ARMENIAN COPPER
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend US$3 million to the Armenian Copper Programme to help this joint stock company improve its production processes and boost profitability, with the final aim of making environmental improvements.…
ZINC SMELTER
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is lending Russia’s largest zinc smelter US$12 million to help it eliminate mercury emissions and drastically reduce emissions of sulphur oxydes. The six -year loan to the Chelyabinsk zinc smelter, is the bank’s second in two years; it will finance the construction of a mercury recovery plant and a sulphuric acid plant under the second phase of a modernisation scheme.…
STEEL STATS
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed that the European Union (EU) continue collating statistics on the EU steel sector, but that it considerably reduces their scope from what was collected for the now defunct European Coal and Steel Community (ECSC).…
EEA COUNCIL
BY KEITH NUTHALL
THE COUNCIL of the European Economic Area has noted pressure from European Free Trade Area members, (Iceland, Norway and Leichtenstein), that they should be freed from any affects of the European Union’s steel safeguard duty regime, launched as a response to the duties imposed by the Bush administration in the US.…
STEEL WIRE
BY KEITH NUTHALL
THE EUROPEAN Union’s (EU) anti-fraud unit OLAF has claimed that EU treasuries were cheated of Euro 6 million because of a rules of origin scam involving steel wire, which has now been uncovered.
In its 2001-2002 annual report on the fight against fraud in the EU, OLAF tells of inquiries into information provided by British customs officers about an apparent increase in trade between India and the United Arab Emirates in steel wire.…
GREECE STRANDED COSTS
BY KEITH NUTHALL
THE PUBLIC Power Corporation (PPC) of Greece will be able to honour a long term contract with Aluminium of Greece to supply it with cheap electricity at a loss, even after the part-privatised generating company faces full competition in the European Union (EU) energy market under EU liberalisation directives.…
SHIP SCRAP
BY KEITH NUTHALL
THE INTERNATIONAL Maritime Organisation (IMO) is drawing up detailed guidelines on the recycling of ship scrap, which should be approved at the United Nations (UN) agency’s assembly next year. IMO’s Marine Environment Protection Committee has noted that while the principle of ship recycling may be sound, working practices and environmental standards in yards “often leave much to be desired.”…
OIL TUBES
BY KEITH NUTHALL
THE US government’s determination to maintain anti-dumping duties against Argentine exports of oil country tubular goods (OCTG) is being challenged at the World Trade Organisation by Buenos Aires, which has launched formal consultations on the row. This is the first stage in disputes proceedings; if the talks fail, then Argentina can demand that a WTO panel adjudicates over the duties.…
THAI ORCHIDS
BY SWINEETHA DIAS WICKRAMANAYAKA
A TAIWANESE flower producer seeking permission to grow orchids on 112,000 hectares of land to the north of Bangkok has been told by the Thai government that it will have to find a majority Thailand business partner to proceed.…