TRADE WARS - INDO DAILY

Oracle fined $2 mn for off-books payments in India

Aug 02, 2012 (AFP)

Software and systems giant Oracle was fined $2 million Thursday to resolve charges that its India subsidiary kept a multi-million dollar off-books slush fund. T...

Australia's Sundance: China approves Hanlong deal

Aug 02, 2012 (AFP)

Australia's Sundance Resources Thursday said regulators in Beijing have given the go-ahead to a proposed Aus$1.65 billion (US$1.65 billion) takever by Chinese s...

Greenpeace report exposes land sell-off

Aug 01, 2012 (UPI)

A Greenpeace report says that more than 12.35 million acres of customary-owned land in Papua New Guinea have been "given away" to foreign-owned corporations and...

Big cash stockpile puts US tech firms on the spot

Aug 01, 2012 (AFP)

Apple has more than $81 billion parked overseas. Microsoft has $54 billion, Google $43 billion and Cisco $42 billion. Being flush with cash is a good thing, but...

Chinese bids welcomed in $42 bn Australian asset sale

Jul 31, 2012 (AFP)

Chinese state-owned firms will be welcome to buy Australian government assets in an upcoming sale worth more than Aus$40 billion (US$42 billion), a top official...

L'Oreal heiress sells island paradise in Seychelles

Jul 31, 2012 (AFP)

L'Oreal heiress Liliane Bettencourt, France's richest woman, has sold a string of private islands in the Seychelles to a firm linked to an ocean conservation fo...

China's advantages counteract rising pay: analysts

Jul 29, 2012 (AFP)

Rapid wage increases are threatening China's competitiveness, but improved productivity and other advantages mean it will continue to attract investors, analyst...

Driven by China sales, luxury goods buck economic slowdown

Jul 29, 2012 (AFP)

Fuelled by surging demand in China, luxury goods makers are bucking the global economic slowdown and reaping huge profits on sales of high-end handbags, expensi...

BHP warns of spending cuts as China cools

Jul 28, 2012 (AFP)

Mining giant BHP Billiton warned Saturday that it needed to reduce its cost base and slash non-essential spending as China cooled faster than expected, "signifi...

Crisis forces profit warning at German tech giant Siemens

Jul 26, 2012 (AFP)

German engineering giant Siemens said Thursday it would be harder to achieve its annual profit targets, as the gloomy global economic mood weighed on orders, es...

Japan posts record first-half trade deficit

Jul 25, 2012 (AFP)

Japan posted a record first-half trade deficit of $37.3 billion Wednesday as energy costs soared and exports to key markets slumped, while analysts warned of fu...

Indian outsourcer HCL reports 67% jump in quarterly profit

Jul 25, 2012 (AFP)

India's fourth-biggest outsourcing company, HCL Technologies, reported on Wednesday a 67 percent jump in quarterly net profit from a year earlier as client orde...

London Metal Exchange shareholders approve Hong Kong sale

Jul 25, 2012 (AFP)

London Metal Exchange shareholders have voted overwhelmingly in favour of its proposed takeover by the Hong Kong stock exchange, the LME announced on Wednesday....

Australia bank chief upbeat on China

Jul 24, 2012 (AFP)

Australia's central bank chief on Tuesday played down fears of a significant slowdown in key trading partner China, describing it as "cyclical" in an upbeat ass...

EU regulators suspect worldwide cartel in CD, DVD drives

Jul 24, 2012 (AFP)

The European Commission on Tuesday said it had sent a "statement of objections" to 13 firms suspected of taking part in a cartel for optical disk drives, used t...

Where the world's perfumes come to rest

Jul 23, 2012 (AFP)

"Here it is, the little wonder, our 'Chypre' from 1917," whispers the cellar-master as he plunges a paper strip into a vial, one of the many treasures at a one-...

China's Citic Securities to buy CLSA for $1.25 bln

Jul 23, 2012 (AFP)

Citic Securities, China's top brokerage firm, will buy CLSA from Credit Agricole SA of France for $1.25 billion, in the latest move by a Chinese company to acqu...

Peru gold mine protests grow

Jul 20, 2012 (UPI)

Peru's Catholic Church intervened in reconciliation talks between the government of President Ollanta Humala and activists protesting the $5 billion Conga coppe...

Universities lobby for a seat at the table

Jul 20, 2012 (UPI)

In academia it takes more than prestigious faculty and ground-breaking research to win the attention of lawmakers. From 2002-11, the 10 universities that spent ...

Thailand, Cambodia pull back from temple

Jul 20, 2012 (UPI)

Thailand and Cambodia have pulled back their troops from the disputed border area around Preah Vihear, a ninth-century Hindu temple. Bangkok and Phnom Penh have...