Search Results for: Australia

BY KEITH NUTHALL
IT was telling that the first step taken by President Bush against Islamic terror groups following the World Trade Centre disaster was to freeze bank accounts. The international community has now responded by agreeing common controls to stop terror groups laundering funds.…

BY MONICA DOBIE, in Montreal
ONTARIO-based, Sleeman Breweries has announced that it has reached an agreement with H.P. Bulmer Ltd. of Hereford, England, to handle sales and marketing for its Strongbow premium packaged and draught ciders in Canada.

Bulmer cider became available in liquor stores in Ontario, B.C…

BY SWINEETHA DIAS WICKRAMNAYAKE
THE SRI Lanka government is considering proposals to set up a series of power plants fuelled by natural gas, with companies from Australia, the Middle East and Malaysia are among those making proposals to Columbo. Ministers have highlighted plans for an Australian company to install three 350MW natural gas power plants over nine years.…

BY KEITH NUTHALL
THE WORLD Trade Organisation is moving towards the launch of a general round at its November summit in Qatar, but these negotiations will only be approved if a wrangle affecting the trade in meat and other food products can be resolved.…

BY KEITH NUTHALL
THE AUSTRALIAN government has issued the most comprehensive formal proposal favouring the liberalisation of the shipping industry yet made in the ongoing World Trade Organisation round on services.

Its paper said: “Significant barriers to trade and investment in maritime transport services still exist in many member economies.…

BY KEITH NUTHALL
THE CAIRNS Group of the WTO, representing food exporting countries such as Australia and Argentina, has been pressing during the preparations for its planned launch of a general round at its November summit in Qatar, for an intensification of the discussions in the ongoing agricultural round.…

BY MONICA DOBIE
ROTHMANS Inc.,(Canada), has bought 100 per cent of Santa Fe Natural Tobacco Company’s shares for US$275 million.

The purchase price comprises of US$105 million in cash, 4,241,312 common shares of Rothmans, having an ascribed value of US$65 million, and US$105 million in bonds to be issued at closing by Santa Fe and to be repaid over four years from Santa Fe’s operating cash flows.…

Keith Nuthall
DIPLOMATS will try this month to resolve a dispute over the authority of a planned global register of geographical indications for wine and spirits, such as Champagne or Scotch. Meeting at the Council for Trade Related Intellectual Property Rights at the World Trade Organisation on September 19-21, they will debate whether entries on register should merely be informative or whether they should entail legal protection.…

BY KEITH NUTHALL
DEVELOPING countries have banded together at the World Trade Organisation to call for its Trade Related Intellectual Property Rights Agreement (TRIPs) to be interpreted as allowing their governments to take any steps “to protect public health,” including the authorisation of generic production of medicines under patent.…

BY KEITH NUTHALL
RUSSIA has ratified the Council of Europe’s Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime, a move that could herald a tightening in Russian government policy towards the fighting of money laundering.

Signatories have to ensure that their national legislation provides for the confiscation of the proceeds of crime.…