Search Results for: International business

BY KEITH NUTHALL
THE REFORM of the world’s anti-money laundering campaign is continuing apace. Defying critics of its alliance with the World Bank and the International Monetary Fund, the Financial Action Task Force of the OECD has issued a revised set of its key 40 Recommendations to fight the crime.…

BY KEITH NUTHALL
RUSSIAN poultry outfit Stavropolsky Broiler has been lent US$15 million by the World Bank’s International Finance Corporation. The money will help the Agros subsidiary rehabilitate and expand commercial broiler production in the Stavropol region of Russia, improving bird breeding, strengthening management, increasing production, providing working capital, and expanding distribution networks.…

BY MARK ROWE
THAI farmers of black tiger prawns have launched a series of protests across the country calling for a ban on cheap imports of prawns from neighbouring countries. The farmers are angry that the prawns are simply processed and re-exported, undercutting their own market in the process.…

BY KEITH NUTHALL
FOOT and Mouth Disease has broken out in Zimbabwe’s Mashonaland East province, an area of the country free of FMD since 1989 and from where farms have been allowed to export their beef. The Organisation International des Épizooties has reported 485 cases.…

BY KEITH NUTHALL
THE INTERNATIONAL Chamber of Commerce (ICC) is resisting proposed reforms to European Union business law on cross-border non-contractual civil disputes, which would insist that the country of a complainant provides the courts charged with making a judgement. The ICC fears that such a law – designed to breed consumer confidence in cross-border retail sales – would scare businesses from selling into foreign markets.…

BY RICHARD HURST
THE SOUTH African national oil and gas agency, PetroSA, its PetroWorld joint-venture partner Transworld Exploration, plus Foster Wheeler Power Systems, Starchem Technologies International and Waller Marine will jointly develop a US$700 million fuel-grade methanol plant: output 12,000-15,000 tonnes a day.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$105 million to Petrobras Energía Venezuela (PEV), owned by Argentina’s Pecom Energía, for developing PEV’s four Venezuelan oil fields. The IFC said the loan was “critical to the sustainability and expansion of PEV.”…

BY KEITH NUTHALL
COUNTERFEIT cigarettes are helping to raise money for terror groups, Interpol secretary general Ronald K Noble has warned. In documents sent to the US House of Representatives committee on international relations, he said the problem might become more serious and called for industry-police cooperation.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend Tunisia’s Tunisacier SA Euro 35 million to help modernise and expand an existing steel plant. It is currently producing galvanised steel sheets and the loan would also help transform it into a rolling and coated steel production centre, fully integrated with the upstream and downstream operations of the company’s parent, the Riva Group.…

KEITH NUTHALL
THE NEW Italian presidency of the European Union has announced that its top key energy priorities – until it leaves office in December – will include the passage into law of the proposed directives on co-generation, (alongside legislation on oil and gas stocks).…