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BP sues Russian partners in TNK-BP
MOSCOW (Reuters) - Oil major BP said on Saturday it is suing its partners in the Russian venture TNK-BP in London for 8.4 billion roubles ($357.3 million), money it believes should not have been paid out as back-tax claims in Russia.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

Auto sector woes could spur deals: Renault CEO
AIX-EN-PROVENCE, France (Reuters) - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

Postbank sale may fail over target price: report
FRANKFURT (Reuters) - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet the expectations of the lender's parent, Deutsche Post, a German magazine reported on Saturday.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

IEA sees oil easing, then tightening to 2013: report
FRANKFURT (Reuters) - The situation on the oil market is likely to ease in 2009/2010 as more production comes on-stream, then tighten again through 2013 as output falls and demand rises, the head of the International Energy Agency said.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

Auto sector's woes could spur deals: Renault
AIX-EN-PROVENCE, France (Reuters) - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

IEA sees oil easing, then tightening to 2013: paper
FRANKFURT (Reuters) - The situation on the oil market is likely to ease in 2009/2010 as more production comes on-stream, then tighten again through 2013 as output falls and demand rises, the head of the International Energy Agency said.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

Renault CEO says sees scope for sector consolidation
AIX-EN-PROVENCE, France (Reuters) - The head of French carmaker Renault reiterated on Saturday that there was scope for consolidation within the global automotive sector.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

Alabama likely site of new VW plant: paper
FRANKFURT (Reuters) - The U.S. State of Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

Hyundai union calls for work stoppage next week
SEOUL (Reuters) - Unionized employees of Hyundai Motor Co <005380.KS> will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.

[Posted on : 2008-07-05 ] Category : [ US (Business) ]

World stocks fall on financial shares, oil drops
SAO PAULO (Reuters) - World stocks edged lower on Friday, getting no relief from a decline in crude prices as concerns of further banking write-downs weighed on financial shares.

[Posted on : 2008-07-04 ] Category : [ US (Business) ]

 



 

 


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