WHAT THE OTHER PAPERS SAY THIS MORNING March 27, 2012 FINANCIAL TIMES CLEGG REBUKES ARGENTINA Nick Clegg has rebuked Argentina for making “baseless insinuations” about Britain’s nuclear submarine deployments, ratcheting up tensions over the Falkland Islands in a clash in front of more than 50 world leaders. UNITED TECH FACES PROBE OVER GOODRICH United Technologies is to face an in-depth European Commission investigation into its [...]
Rio Tinto says diamonds aren’t forever as it puts arm on sale March 27, 2012 RIO Tinto, the world’s third-largest miner, effectively invited bids for its diamonds business yesterday, joining rival BHP Billiton in backing away from a business that has lost its sparkle. The company, which runs three mines in Australia, Canada and Africa, said it was reviewing its diamond business and would consider selling it, as it focuses [...]
Dow Chemical sets infrastructure gold in its sights as a top sponsor March 27, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 121 DAYS TO GO Q What was your brand’s primary reason for being involved with the Games? A Dow became the official chemistry company to the Games and a worldwide sponsor in July 2010, when it announced its partnership with the IOC. That runs through 2020. Dow has [...]
Rio Tinto to sell diamond business March 27, 2012 Rio Tinto, the world’s third-largest miner, effectively invited bids on Tuesday for its diamonds business, on its books at $1.2 billion (752 million pounds) , and joined rival BHP Billiton (BHP.AX) in backing away from a business that has lost its sparkle. The FTSE 100 company, which runs three mines in Australia, Canada and Africa, [...]
GM to expand in low-cost areas March 25, 2012 General Motors may expand production capacity in low-cost countries while closing its Bochum plant in Germany and Ellesmere Port site in Britain, a German magazine said, citing an internal strategy document. If vehicle sales rise, GM would build the additional cars in countries such as Poland, Russia, China, India, Mexico and Brazil, Der Spiegel said, [...]
M&A activity still in slump March 22, 2012 NERVOUS companies have held off from buying up or merging with rivals so far this year, with global activity down by almost half on a year ago, according to Thomson Reuters’ latest figures. The market is particularly subdued in Europe, where the value of announced M&A deals has slumped to its lowest quarterly level by [...]
Nissan brings back Datsun March 21, 2012 NISSAN, Japan’s second largest carmaker, is bringing back the Datsun brand – but British motorists hoping to drive the discontinued range will be disappointed. The firm said it is looking to increase sales in Indonesia, India, and Russia by reviving the brand for these emerging markets, and has no plans to roll out the vehicles in [...]
Cleverly defence KOd March 20, 2012 BOXING: Governing body the WBO have refused to sanction unbeaten Welshman Nathan Cleverly’s planned light-welterweight world title defence against Serbia’s Robin Krasniqi. The fight would have been the first held at London’s iconic Royal Albert Hall for 13 years. The WBO insist Cleverly’s next defence – his fourth – should instead be against Russia’s Dmitry [...]
RBC buys Coutts units from Royal Bank of Scotland March 20, 2012 Royal Bank of Canada (RBC) will buy some overseas divisions of the Coutts private banking business from Royal Bank of Scotland (RBS), giving RBC access to high net worth individuals in fast-growing emerging markets. Canada’s largest bank is buying Coutts’ Latin American, Caribbean and African private banking arms, which managed around £1.5bn of assets, in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 19, 2012 FINANCIAL TIMES SKY PULLED NEWS STORY ON F1 SHARES The chief executive of British Sky Broadcasting ordered a news story to be removed from the Sky News website after an executive producer complained that it had upset Formula 1 racing teams. Jeremy Darroch intervened after the article, which described a controversial agreement involving F1 chief [...]