Gbagbo arrest kickstarts Ivory Coast trading April 11, 2011 FORMER Ivory Coast leader Laurent Gbagbo’s arrest yesterday and the recent lifting of EU sanctions could mean the world’s biggest cocoa producer can resume exporting as early as next week, some dealers said. Gbagbo, who lost presidential elections in November but refused to step down, was arrested yesterday after forces of his UN-recognised successor, Alassane [...]
Bumper three months for oil firm Halliburton April 18, 2011 OIL services giant Halliburton beat Wall Street forecasts with its quarterly results yesterday, despite a $105m (£64.6m) revenue hit from international unrest and disruption. Halliburton, which offers engineering, maintenance and equipment for oil firms, reported net income of $557m, excluding a $46m charge linked to sanctions in Libya. Production revenue for the first three months [...]
Bumper three months for oil firm Halliburton April 18, 2011 OIL services giant Halliburton beat Wall Street forecasts with its quarterly results yesterday, despite a $105m (£64.6m) revenue hit from international unrest and disruption. Halliburton, which offers engineering, maintenance and equipment for oil firms, reported net income of $557m, excluding a $46m charge linked to sanctions in Libya. Production revenue for the first three months [...]
Global businesses cutting ties to avoid anti-corruption liability March 31, 2011 MORE than half of companies are reconsidering ties to third-parties and joint ventures over concerns about anti-corruption liability, says research. A survey by Dow Jones of more than 300 global firms found that companies were more aware of the need to review business relationships, with government sanctions and negative media ranked as the events most [...]
Global businesses cutting ties to avoid anti-corruption liability March 31, 2011 MORE than half of companies are reconsidering ties to third-parties and joint ventures over concerns about anti-corruption liability, says research. A survey by Dow Jones of more than 300 global firms found that companies were more aware of the need to review business relationships, with government sanctions and negative media ranked as the events most [...]
Firms’ sanctions compliance must be tightened up August 31, 2010 FINANCIAL regulation reform is all the rage. Last week, President Nicolas Sarkozy unveiled his programme of “action and ambition” for France’s forthcoming presidency of the G20. It puts global reform of financial markets and systems at the very top of the agenda. The US has already passed sweeping reform legislation and the coalition government has [...]
Massa shrugs off Button complaints over penalty March 28, 2011 FERRARI’S Felipe Massa has dismissed criticism from English former world champion Jenson Button over his driving style in Sunday’s Australian Grand Prix. Button blamed Massa for his drive-through penalty, arguing the Brazilian’s aggression forced him to illegally cut a corner as they vied for position. The McLaren driver slipped down the field as a result [...]
Massa shrugs off Button complaints over penalty March 28, 2011 FERRARI’S Felipe Massa has dismissed criticism from English former world champion Jenson Button over his driving style in Sunday’s Australian Grand Prix. Button blamed Massa for his drive-through penalty, arguing the Brazilian’s aggression forced him to illegally cut a corner as they vied for position. The McLaren driver slipped down the field as a result [...]
Oil at $121 on growing Libya fears April 4, 2011 OIL PRICES surged past $120 (£74.35) a barrel to reach a 28-month high yesterday, as unrest in Libya and across the Middle East put further doubt on the security of supplies. Brent crude futures for May delivery rose 2.3 per cent to $121 a barrel in London trading yesterday, while spot prices rose 1.7 per [...]
Morgan Stanley said to cancel all Libya oil trades March 7, 2011 Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source has told Reuters, in an early indication that sanctions could hit exports from the north African producer. The firm cancelled all crude oil and refined products in the past week “due to the OFAC,” the source familiar with the firm’s transactions [...]