Bloomberg reported that Citic Trust Co a unit of China's biggest state owned investment company missed a bi annual payment to investors in one of its products after a steel company missed interest payments on the underlying loan. ...
Tags: loan repayment, Citic Trust Co
This article was originally published by Niqash.Any opinions expressed are those of the author,and do not necessarily reflect the views of Iraq Business News. .But the figures don't add up.Doing the sums results in one conclusion:unless ...
Tags: Iraq, budget, Iraqi Cabinet
Controversial Chinese firm Huawei has revealed its sales revenue for 2012 is to surpass the$35bn(£21.7bn)mark,with a net profit of$2.4bn(£1.4bn)–an increase of more than 10 per cent year-on-year for both figures. The ...
Tags: Huawei, telecommunication, US, UK, China
Reuters reported that China will review on grid power tariffs annually and adjust them if thermal coal prices fluctuate by more than 5% a year. Government marking a small step towards broader market-oriented energy pricing reforms. ...
Tags: thermal coal prices, thermal coal, energy, soaring coal prices
According to the data issued by Ukraine's Cabinet of Ministers, in 2012 Ukraine registered an 11.9percent decrease in its finished steel product output to 26.819 million mt, a 6.6 percent decrease in its crude steel output to 32.394 million ...
Tags: Ukraine, steel product, crude steel, outputs, 2012
Zimbabwe government has set up a committee to handle the paperwork on the sticky issue of iron claims ahead of the projected start of operations at NewZim Steel in January. Industry and Commerce Minister, Professor Welshman Ncube has said ...
Tags: iron, Mines, Mining Development, steel
It is reported that Bahrain has signed 6 financing agreements totaling USD 448 million with the Saudi Development Fund to support a number of infrastructure projects as part of the GCC Development Program. A report in our sister ...
Tags: Bahrain inks, Saudi fund, infrastructure projects, Development Program
The Union Cabinet recently approved a proposal of the Ministry of Shipping for licensing of land to the concessionaires for 7 projects taken up in the Public Private Partnership (PPP) mode. These projects have been taken up in terms of the ...
Tags: UC, licensing of land, PPP, concessionaires
PTI reported that Natural gas pipe laying work of GAIL Ltd,hindered due to resistance from local people demanding more compensation for the land through which the pipe was passing,is all set to resume with the state run gas utility agreeing ...
Olympic CIO Gerry Pennell and Lastminute.com co-founder Martha Lane Fox are included in this year’s New Year honours list Martha Lane Fox, who advises government on digital strategies, including the move to a single domain for ...
Tags: Martha Lane Fox, New Year list, honours, IT
Government plans for next generation shared services in the public sector will save taxpayers up to pound 500m a year, the Cabinet Office has claimed. In a new document dubbed the Next Generation Shared Services Strategic Plan, the ...
Tags: shared services, public sector, Cabinet Office, new plan
Pakistan Daily Times reported that the Economic Coordination Committee of the cabinet,which recently met with Dr Abdul Hafeez Shaikh Federal Minister for Finance and Economic Affairs in the chair,approved the recommendations of its sub ...
Tags: Pakistan Daily Times, ECC, CNG, Pakistan
Ferguson Hill makes loudspeakers like no other specialist audio brand. Its first product was the FH001, a high-end speaker that resembles the clear horns of this Ferguson Hill FH009 system -- only those speakers stand 1.65m tall. More ...
Tags: Ferguson Hill, loudspeakers, FH009
Chairman All Pakistan Textile Mills Association (APTMA) Punjab Shahzad Ali Khan has said that a delegation of APTMA leadership called on the Prime Minister Raja Pervez Ashraf to apprise him of the problems faced by the textile industry in ...
Tags: APTMA, Pak PM, Power Disconnection, textile
Cloud computing services from outside the U.S. are trying to exploit perceived weaknesses in privacy laws to drive business away from U.S. providers, according to some representatives of the tech industry. Deutsche Telekom and other ...
Tags: Foreign cloud, marketing, privacy, Computer Products