Search Results for: London

BY DEIRDRE MASON
WHAT price safety? Ports and shippers racing to comply with an extremely tight deadline to meet the new International Marine Organisation security requirements are still not sure what the final bill will be. However, with the newly added SOLAS (safety of life at sea convention) special measures and the also new International Ship and Port Facility Security (ISPS) code due to come into effect on 1 July 2004, those who are not already well down the line to meeting the requirements will find the costs rising sharply as demand for security services steps up.…

BY KEITH NUTHALL
THE INTERNATIONAL Chamber of Commerce (ICC) has warned that fraudsters are deceiving the customers of Channel Island banks into providing personal banking information by intercepting correspondence and inserting doctored tax collection forms. These counterfeit Form R105’s are based on legitimate British Inland Revenue forms, but solicit more details then the originals and have – of course – a fake return address.…

BY RICHARD HURST
SOUTH African mining company AngloGold has stated that if it wins the bidding war for Ashanti Goldfields in Ghana it would immediately invest US$190 million to fund the capital requirements of the mine in the Obuasi region. Jonathan Best, AngloGold chief financial officer, highlighted the difference between AngloGold’s recapitalisation plans with that of London Stock Exchange listed Randgold of US$170 million over the next 30 years, (included in a total package of US$1 billion over 51 years).…

BY MARK ROWE
THE EUROPEAN Commission (EC) has been given a final deadline to respond to allegations that the British government broke European Union (EU) law during its protracted dispute with Lloyd’s of London names. A plenary session of the European Parliament today (Thur25/9) voted to give the Commission until November 15 to provide its opinion on whether the First Insurance directive was properly applied by the British government in its regulation of Lloyd’s in the 1980s and early 1990s.…

BY ALAN OSBORN
THE EUROPEAN Union has suspended the shipment into the EU of de-boned and maturated bovine meat from northern Argentina following reports of an outbreak of foot-and-mouth disease in pigs in certain provinces. The European Commission said the EU’s Standing Committee on the Food Chain and Animal Health had voted in favour of the ban which will apply to meat from the departments of Ramon Lista in the province of Formosa and from General Jose de San Martin, Rivadavia, Oran, Iruya and Santa Victoria in the Province of Salta, where the outbreak has been centred, (it is close to the border with Paraguay and Bolivia).…

BY KEITH NUTHALL in Paris, ALAN OSBORN in London, MARK ROWE in Singapore, ED PETERS and DON GASPER in Hong Kong, RICHARD HURST in Johannesburg, MONICA DOBIE and PHILIP FINE in Montreal, MATTHEW BRACE in Brisbane and ALEX SMAILES in Port of Spain.…

BY MONICA DOBIE
THERE are many sights that one can rely on seeing in Paris every day. Patrons lining up at bakeries for fresh baguettes, traffic-filled streets choked amongst stunning architecture, perfectly lit River Seine views and busy cafes packed with people sitting, side-by-side, sipping over-priced drinks while watching other people walk by.…

BY KEITH NUTHALL

Duke Energy Corp, a diversified US energy company based in Charlotte, is in discussions with “several potential buyers” for its European natural gas business, the company has announced. It gave no details of the possible buyers or price.…

BY RICHARD HURST, in Johannesburg
THE AIRPORTS Company South Africa (ACSA) has announced that it will spend Rand 3.8-billion on various airport upgrades between 2004 and 2008 at most of its airports across the country. Its five-year plan has been accepted in principle by the airports’ airlines, which will face increased fees.…

BY KEITH NUTHALL
NON-FERROUS metal producers in the existing 15 European Union (EU) countries could see some lowering of labour costs after enlargement of the EU next year as low-paid Polish and other workers move into the higher wage countries like Germany, according to industry sources.…