Search Results for: International business

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is investing Euro 7 million of new equity into in Dalkia Termika, the Polish subsidiary of France-based Dalkia International, which will make a further investment as a result. Its Polish business will develop energy installations in Poland, especially district heating projects, making them more efficient.…

BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the proposed acquisition by Belgian pharmaceuticals and speciality chemicals firm UCB SA/NV of the resins, adhesives and additives businesses of US company Solutia Inc, following an investigation into the deal’s potential for damaging competition in Europe.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is lending US$5.4 million to the Maritime Port Authority of St Petersburg to fund the construction of a maritime navigation safety system in the main Russian sector of the Baltic Sea, where a future surge in tanker traffic is anticipated.…

BY KEITH NUTHALL
FRANCE’S Suez water company and the United Nations Education, Scientific and Cultural Organisation (UNESCO) have launched a joint drinking water improvements programme that will provide around Euro 300,000 in its first three years and will initially concentrate on the Volga-Caspian region.…

BY KEITH NUTHALL
REGULATORY approval for a proposed propylene-based oxo chemicals joint venture between German companies Celanese AG and Degussa AG could be held up by the European Commission, which has opened a detailed investigation into the deal. Both companies want to combine their production and sales activities regarding these chemicals, used as chemical intermediates, solvents and plasticisers.…

BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S four-day 18th International Leather Fair, in Chennai (Madras), this month (Feb) concluded INDRupees 5,090 million (US$106.8 million) worth of business, said its organisers. Staged at the Chennai Trade Centre, it attracted more than 8,000 visitors, said the Indian Trade Promotion Organisation, of whom five per cent were from abroad, including representatives from 20 countries, notably from Italy, Germany, Spain, Brazil and China.…

BY KEITH NUTHALL
BRAZILIAN steel producer V&M do Brazil has struck the largest deal to date under the Kyoto Protocol Clean Development Mechanism. It will see the steel maker selling five million tonnes of greenhouse gas reductions for Euro 15 million to an International Finance Corporation/Dutch government fund, the IFC-Netherlands Carbon Facility.…

BY KEITH NUTHALL
THE INTERNATIONAL trade in gold has “considerable vulnerability to being exploited for money laundering,” according to a report released by the world’s lead organisation in fighting the processing of dirty money, the Financial Action Task Force (FATF). This wing of the Organisation for Economic Cooperation and Development (OECD) has highlighted these problems in a recent report on Money Laundering Typologies.…

BY KEITH NUTHALL
THE EUROPEAN Commission has been laying preparations for possible fuel shortages associated with a possible war in the Middle East, summoning its special group on petroleum provisions to analyse existing European Union (EU) fuel stocks and supplies. The Commission wants every Member State to stockpile enough fuel to last for 40 days of standard consumption.…

BY MARK ROWE
THE THAI broiler chicken processing industry is to cut chick production by 15 per cent to respond to falling poultry prices in both the domestic and international markets. The Thai poultry industry has suffered 20 per cent price slumps for 10 consecutive months, with major causes including global oversupply and the discovery by the EU of banned chemicals in Thai exports last year.…