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UN
trade chief slams US over WTO tariff plan
New York: A top United Nations official on Tuesday
slammed a US plan for duty-free world trade in industrial
goods, suggesting it aimed to divert focus from multiple
barriers to poor country exports in the United States.
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US
auto sales slip 13% in November
California: US auto sales fell 12.7 per cent in
November from a booming month a year ago, and slow sales
forced Ford Motor to unexpectedly cut production on Tuesday,
spooking already jittery investors who sent shares down
across the sector.
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Hitachi
launches less costly data storage system
Tokyo: Hitachi Data Systems on Tuesday unveiled
a new data storage system aimed at budget-conscious customers,
as the Hitachi unit seeks to expand on gains made in sales
of expensive data storage machines.
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Vivendi
snares control of Cegetel
Paris: Media giant Vivendi Universal on Tuesday
defeated cellphone giant Vodafone Group in a battle for
control of France's Cegetel, exercising its right to buy
BT Group's stake in the phone venture.
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SingTel
wins S$350 mn in corporate contracts
Singapore: Singapore Telecommunications said on
Wednesday it has signed new long-term contracts worth
more than S$350 million ($197.9 million) with multinational
corporate customers across Asia despite weak economic
conditions.
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H-P
pushes ahead with cost cuts
California: Hewlett-Packard head Carly Fiorina
on Tuesday said H-P would realize the remaining savings
under its $3 billion cost-cutting plan a year ahead of
schedule, and that she would not raise financial guidance
due to the uncertain economy.
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Wall
St brokerage firms fined for not keeping e-mails
New York: Five Wall Street brokerage firms on Tuesday
were fined a total of $8.25 million for not preserving
e-mail communications, a discovery made as securities
regulators probed whether analysts were pushed to help
win investment banking business.
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Meet
on implementation issues begins today
Geneva: The World Trade Organisation’s trade
negotiation committee will meet on Wednesday to discuss
the reports on outstanding implementation issues prepared
by the designated WTO bodies.
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