 | Qtel, iHorizons in
strategic alliance QTEL and iHorizons have entered a strategic alliance agreement under which they would work together on developing and marketing a number of advanced technology solutions and business services. The two companies will cooperate on world-class business...
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| | South Korea, UAE sign gas,
oil cooperation MoU |  SOUTH Korea has signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) to cooperate in oil and gas developments that will give the Asian country the right to produce petroleum from an oil field with reserves of as much as 1 billion barrels, or more, the presidential office said in an emailed statement on Sunday. "Not only does the agreement allow South Korea to produce petroleum from an oil field with a reserve of at least 1 billion barrels, it also means that South Korea has secured (the rights to produce) 1 billion barrels worth of petroleum," from various oil fields, depending on how much stake South Korea will take from each... | | | WTO rules in favour of China
in precedent-setting case |
 CHINA
has declared victory in a precedent-setting
case that limits the ability of its
trading partners to set punitive duties
on the world´s biggest exporter. China
had brought the case before the World
Trade Organisation in September 2008
to challenge US duties set on steel
pipes, woven sacks and some off-road
tires. Last October, a WTO panel rejected
almost all of China´s claims. But China
asked WTO appeals judges to take another
look. They did‚ and on Friday, in a
big reversal, found largely in China´s
favour. China´s mission to the WTO in
Geneva said it welcomes a decision that
"strikes at the heart of how the United
States has applied countervailing duties
to Chines... |
| | BoJ pledges support to keep markets stable |
 BANK
of Japan Governor Masaaki Shirakawa
said on Monday the central bank will
provide huge amounts of liquidity to
the banking system, reinforcing the
bank´s determination to keep markets
stable in the wake of the devastating
earthquake that struck northeastern
Japan. The BOJ is likely to provide
2 trillion to 3 trillion yen in funds
through its market operations Monday
morning, two to three times the normal
amount, to soothe markets and keep short-term
borrowing costs from spiking. "We will
monitor market conditions and plan to
provide markets with a lot of liquidity
first thing tomorrow morning," Shirakawa
told reporters after attending a... |
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