Search Results for: International business

BY MARK ROWE
TOYOTA Motors is considering buying up Inchcape Motors, a Singapore subsidiary of the world’s largest motor agency, Inchcape plc. The deal is dependent on a proposed delisting of Inchcape Motors, which distributes Toyota and Suzuki in the Asian island state.…

BY PHILIP FINE

AMERICAN mail-order retailer, Land’s End, has launched a catalogue for large-sized women. While the company has sold clothes up to size 26 over the last few years, executives decided that there was sufficient demand for a separate catalogue.…

Keith Nuthall
THE UNITED States government has informed the disputes settlement body of the World Trade Organisation that it “intended to comply” with the final Havana Club ruling issued at the start of this year, although it warned diplomats that it “would require for that purpose a reasonable period of time.”…

BY RICHARD HURST, in Johannesburg
THE CUT, make and trim operation at South Africa’s Mooi River Textiles company is currently under review. German entrepreneur Claas Daun acquired the business from Anglo American a few years ago. A spokesman for Daun’s corporation in South Africa said that the factory, which employs 150 people, had continued to lose money and unfortunately a number of jobs in the area would be affected.…

BY KEITH NUTHALL
A RESIDENCY qualification for directors of companies established in the Alpine Principality of Liechtenstein, set up to help its authorities fight abuse of its liberal business laws, including money laundering, has been declared illegal.

The European Free Trade Area Court has ruled that the regulation discriminates against citizens of other EFTA countries, (Switzerland, Iceland and Norway), breaching fair trade treaty commitments made by Liechtenstein on joining the association.…

BY KEITH NUTHALL
AN INTERNATIONAL organisation is to be set up later this year to help developing country governments negotiate better deals for drug access, as well as helping local researchers to protect their ideas from being poached. The MIHR, (Management of Intellectual property in Health Research and development), will be set up by public health and intellectual property experts from Britain and the Netherlands, with the assistance of experts from Asia, Africa, south America and north America.…

BY KEITH NUTHALL
THE INDONESIAN navy has dispatched three warships to the Malacca Straits following the release of International Chamber of Commerce’s Annual Piracy Report, which found they are still the most dangerous waters for commercial shipping in the world, the global business group claims.…

BY MARK ROWE
SINGAPORE Power is to build a power generation plant worth between Sing. $50 million and $150 million, (Pounds 20m – pounds 60m), near Melbourne in Australia’s Victoria state. The eventual capacity of the open cycle gas turbine peaking power station will range from 90 megawatts (MW) to 270 MW, although the exact final capacity has yet to be decided.…

BY MONICA DOBIE, in Montreal
MITSUBISHI Motor Sales of Canada has announced it will move its operations into Canada in September, six months ahead of scheduled date. Greg O’Neill, executive vice president and general manager of Mitsubishi Motor Sales of America Inc.…

BY KEITH NUTHALL
THE EUROPEAN Commission has been given authority by European Union Council of Ministers (finance) to negotiate a comprehensive “Governing International Fisheries Agreement” with the USA. A Brussels official in the Commission’s directorate general for fisheries told Fishing News International that a future deal could lead to EU fishing crews being given access to fish US waters and for European factory ships to be allowed to buy stocks from American fishermen at sea.…