(PTI): The Swiss-based mining giant Xstrata is going ahead with a plan to form a potential 54 billion dollar merger with its rival Anglo American. Xstrata said in a statement that the Swiss metals company has proposed a “merger of equals” to create a mining group
Swiss-based mining giant Xstrata plan to merg with its rival Anglo American
Published in June 23rd, 2009
Posted by The Business Time in Business
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“We are ready to recount a random 10 % of the ballot boxes in presidential election”: Iran’s Guardian Council
Published in June 21st, 2009
Posted by The Business Time in World
(PTI): Iran’s Guardian Council says it is ready to recount a random 10 percent of the ballot boxes in the last Friday’s presidential election. “Although the Guardian Council is not legally obliged … we are ready to recount 10 percent of the (ballot) boxes randomly in the presence of representatives of the candidates,” the electoral [...]
Unemployment rate increased in 48 states of US
Published in June 21st, 2009
Posted by The Business Time in Business
(PTI): New government data shows the unemployment rate climbed in 48 states and the District of Columbia, dashing hopes of an early recovery in the US economy. According to a Labor Department report released on Friday, 17 US states and the District of Columbia recorded jobless rates in May which were above the national rate [...]
1 billion pounds of Iranian assets frozen in Britain under int’l sanctions
Published in June 21st, 2009
Posted by The Business Time in Business
(PTI): Nearly one billion pounds ($1.64 billion) of Iranian assets are frozen in Britain under international sanctions imposed against the country over its nuclear program. “The total assets frozen in the UK under the EU (European Union) and UN sanctions against Iran are approximately 976,110,000 pounds,” Ian Pearson, Britain’s Economic Secretary
3 more banks closed in US
Published in June 21st, 2009
Posted by The Business Time in Business
(PTI): US regulators have closed three small banks in North Carolina, Georgia and Kansas, bringing to 40 the total number of US bank failures so far this year. The Federal Deposit Insurance Corp (FDIC) said the closure of the three banks is expected to cost the FDIC
“World is watching Iran’s actions”: US President Obama
Published in June 19th, 2009
Posted by The Business Time in World
(PTI): Hours after the Leader of Iran’s Islamic Revolution, Ayatollah Seyyed Ali Khamenei, demanded an end to street protests, US President Barack Obama said that the “world is watching” Iran’s actions. Addressing the Friday prayers gathering attended by millions of people — the Leader of the Islamic Revolution said that last Friday’s election indicated a [...]
