TUI says still in talks over Hapag stake sale
FRANKFURT (Reuters) - Germany's TUI said on Tuesday it was still in talks to sell a stake in container shipping business Hapag-Lloyd and that an initial public offering of the unit was still possible. ...
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Iranian ships not subject to UN sanctions, says judge
A HIGH Court judge yesterday revealed exactly how the three Iranian-owned ships detained in Singapore waters came to be released.
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Brazil Inflation to Jump on Rousseff Spending Program, Goldman Sachs Says
Brazil’s annual inflation will quicken to the fastest in seven years and the real will continue to appreciate as the government fails to contain spending and banks boost lending, said Paulo Leme, the chief Latin America economist at Goldman Sachs Group Inc.
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Shanghai says becomes world’s busiest container port
SHANGHAI, Jan 8 — Shanghai overtook Singapore as the world’s busiest container port in 2010, helped by continuing growth in Chinese trade and the business generated by the World Expo it hosted last year, the city government said. Shanghai’s port handled 29.05 million twenty-foot equivalent units (TEUs) in 2010, the municipal government said in ... Read More
Saskatchewan to Sue Canada If BHP's Potash Bid Is Approved, Premier Says
“We’ve made a well-rounded, compelling case that the answer in this takeover bid from Investment Canada should be “no,” and that the wishes of the province should be respected,” Wall told reporters yesterday in Regina, the provincial capital.
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Bundesbank's Weber Says China's Competitiveness Partly Due to Yuan Policy
Bundesbank President Axel Weber said China’s trade suplus is partly due to its “intervention in foreign exchange markets.” Weber said Germany’s trade surplus is mainly due to the quality and competitiveness of the country’s products. He was speaking in Berlin.
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Goldman’s Tourre Says SEC Can’t Sue Him for Overseas CDO Deal
The Securities and Exchange Commission can’t sue Fabrice Tourre over a Goldman Sachs Group Inc. deal involving collateralized debt obligations because the transaction wasn’t in the U.S., his lawyers told a judge.
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Long-Haul Container Shipping Profits to Peak This Quarter, Citigroup Says
Profits at long-haul container shipping companies will peak this quarter and decline by an average 40 percent in 2011, according to Citigroup Inc.’s Rigan Wong and Ally Ma in a report today.
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Kan Says Hasn't and Won't Make Comments on Japan Currency Intervention
Japan Prime Minister Naoto Kan said he hasn’t made any statements about whether the government will intervene to halt the yen’s rise and will not do.
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