Search Results for: America

US-based Alcoa World Alumina LLC (AWA) and its majority-owner Alcoa Inc (Alcoa), the global alumina sales company, are to pay a total of USD384 million in penalties after AWA admitted funnelling bribes to officials in Bahrain.

In 2004, an Alcoa company corruptly won a supply agreement with Bahraini government-controlled smelter Aluminium Bahrain BSC by agreeing to sell alumina ore through offshore shell companies owned by a sham London-based distributor who marked up the sales price by around USD188 million.…

BRAZIL’S taxes on imported products, meant to encourage domestic production, has curbed imports of motor vehicles from the European Union (EU) and in some cases even moved research and engineering jobs from Europe to Brazil, an EU official has told wardsauto.com.  …

BRAZIL-based textile industry conferences in 2014 will focus on innovation, with the country’s fabric sector seeking to trade up to higher end products.

Fairs such as Première Vision, have been growing in size. The bi-annual event was staged this month in São Paulo from January 21-22, with a follow up meeting from November 4 to 5.…

BY KITTY SO

US-based Alcoa World Alumina LLC (AWA) and its majority-owner Alcoa Inc (Alcoa), the global alumina sales company, are to pay a total of USD384 million in penalties after AWA admitted funnelling bribes to officials in Bahrain.

In 2004, an Alcoa company corruptly won a supply agreement with Bahraini government-controlled smelter Aluminium Bahrain BSC by agreeing to sell alumina ore through offshore shell companies owned by a sham London-based distributor who marked up the sales price by around USD188 million.…

FOR years, Switzerland’s success as a global financial center has rested upon the rock-solid foundation of banking secrecy, a guarantee of discretion as solid at the Matterhorn.  The Swiss proudly declared banking secrecy to be part of the country’s DNA, a practice formally established in the 1930s when Nazi Germany was on the rise and which helped shield individuals against abusive states. …

THE AGREEMENT by the World Trade Organisation (WTO) to reduce import-export red tape may lead to a seismic shift in the global automotive sector, an industry expert has told wardsauto.

Peter Cooke, the emeritus professor of automotive management at Britain’s University of Buckingham, said that major emerging markets without a substantial auto sector may create capacity because of the deal.…

AN INTERNATIONAL higher education conference has underlined the major progress made in building links between the universities of neighbouring countries in Latin America. But it also highlighted the significant remaining challenges facing Latin American higher education if it wants to be truly integrated with tertiary institutions worldwide.…

The European steel association Eurofer has welcomed the striking of the new global trade deal by the World Trade Organisation (WTO) which should ease import and customs procedures that can slow the delivery of steel and steel products to export customers.…

WITH Canada and the European Union (EU) fleshing out details of a Comprehensive Economic and Trade Agreement (CETA), announced in October, paints and coatings trade between the two could experience long-term growth thorough the removal of key trade barriers – both tariff and regulatory measures.…

BRAZIL will host not only the 2014 FIFA World Cup, but also the 2016 summer Olympic Games, and the resulting significant infrastructure projects are boosting its paint and coatings industry. “These events are having a very positive effect on the Brazilian paint and coatings industry,” said Fabio Humberg, spokesperson for the Brazilian Coatings Manufacturers Association (ABRAFATI).…