International Business News http://www.ibtimes.com/rss/feed/news.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/news.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Australia's Arrow Energy Ltd <AOE.AX> agreed to a fresh takeover offer from Royal Dutch Shell <RDSa.L> and PetroChina <0857.HK>, raised by six percent to A$3.4 billion ($3.1 billion) for most of its Australian assets. http://www.ibtimes.com/articles/20100322/arrow-bows-to1-billion-bid-from-shell-petrochina.htm http://www.ibtimes.com/articles/20100322/arrow-bows-to1-billion-bid-from-shell-petrochina.htm Mon, 22 Mar 2010 04:24:02 EDT With speculation swirling that Google Inc will soon announce the closure of its China-based Internet portal, the reaction from some Chinese has been hurry up and leave, or simply: so what? http://www.ibtimes.com/articles/20100322/chinese-shrug-shoulders-at-possible-google-pull-out.htm http://www.ibtimes.com/data/articleimgs/229682-a-man-cycles-pastgoogle-logo-in-front.jpg http://www.ibtimes.com/articles/20100322/chinese-shrug-shoulders-at-possible-google-pull-out.htm http://www.ibtimes.com/articles/20100322/chinese-shrug-shoulders-at-possible-google-pull-out.htm Mon, 22 Mar 2010 04:24:02 EDT When Nicholas Davies joined Brisbane-based Arrow Energy Ltd <AOE.AX> as chief executive in 2004, he was charged with growing the then junior explorer into one of Australia's top coal seam gas producers by 2010. http://www.ibtimes.com/articles/20100322/arrows-davies-hits-target-with-sweetened-shell-bid.htm http://www.ibtimes.com/articles/20100322/arrows-davies-hits-target-with-sweetened-shell-bid.htm Mon, 22 Mar 2010 03:40:02 EDT Four employees of mining giant Rio Tinto stood trial in China on Monday, while the company's chief executive said in Beijing that Rio remained committed to working with the key Asian customer. http://www.ibtimes.com/articles/20100322/rio-employees-china-trial-opens-guilty-plea-reported.htm http://www.ibtimes.com/data/articleimgs/229681-security-personal-walks-down-the-stairs-out.jpg http://www.ibtimes.com/articles/20100322/rio-employees-china-trial-opens-guilty-plea-reported.htm http://www.ibtimes.com/articles/20100322/rio-employees-china-trial-opens-guilty-plea-reported.htm Mon, 22 Mar 2010 03:24:02 EDT Four employees of mining giant Rio Tinto stood trial in China on Monday, while the company's chief executive said in Beijing that Rio remained committed to working with the key Asian customer. http://www.ibtimes.com/articles/20100322/trial-of-four-rio-tinto-employees-opens-in-china.htm http://www.ibtimes.com/data/articleimgs/229680-security-personal-walks-down-the-stairs-out.jpg http://www.ibtimes.com/articles/20100322/trial-of-four-rio-tinto-employees-opens-in-china.htm http://www.ibtimes.com/articles/20100322/trial-of-four-rio-tinto-employees-opens-in-china.htm Mon, 22 Mar 2010 02:40:01 EDT Rio Tinto <RIO.AX><RIO.L> Chief Executive Tom Albanese said he was respectfully awaiting the outcome of China's trial of four of the company's employees, which began on Monday. http://www.ibtimes.com/articles/20100322/rio-tinto-ceo-says-respectfully-awaiting-china-trial-outcome.htm http://www.ibtimes.com/articles/20100322/rio-tinto-ceo-says-respectfully-awaiting-china-trial-outcome.htm Mon, 22 Mar 2010 02:32:01 EDT EBay Inc and the National Retail Federation, the trade group for the retail industry, said on Monday they have teamed to combat organized retail crime. http://www.ibtimes.com/articles/20100322/ebay-nrf-to-take-on-organizeds-retail-crime.htm http://www.ibtimes.com/articles/20100322/ebay-nrf-to-take-on-organizeds-retail-crime.htm Mon, 22 Mar 2010 02:24:01 EDT European leaders sent out conflicting signals at the weekend over aid to Greece, with Germany's Angela Merkel urging Athens to solve its debt problems alone and Italy's Silvio Berlusconi strongly backing EU support. http://www.ibtimes.com/articles/20100321/europe-divided-on-aid-to-greece-before-summit.htm http://www.ibtimes.com/articles/20100321/europe-divided-on-aid-to-greece-before-summit.htm Sun, 21 Mar 2010 23:00:02 EDT China's yuan could become a reserve currency accounting for at least five percent of global foreign-exchange reserves as early as 2025, central bankers said in an annual global survey. http://www.ibtimes.com/articles/20100321/yuan-in-global-fx-reserves-as-soon-as-2025banker-poll.htm http://www.ibtimes.com/articles/20100321/yuan-in-global-fx-reserves-as-soon-as-2025banker-poll.htm Sun, 21 Mar 2010 22:08:01 EDT Bank of America Corp <BAC.N> Chief Executive Brian Moynihan is making his first trip to China this week as the U.S. lender pushes to catch up with rivals in the world's fastest-growing economy, the Wall Street Journal reported, citing people familiar with the situation. http://www.ibtimes.com/articles/20100321/bofa-ceo-moynihan-makes-first-trip-to-china-report.htm http://www.ibtimes.com/data/articleimgs/229679-bank-of-america-ceo-moynihan-is-pictured.jpg http://www.ibtimes.com/articles/20100321/bofa-ceo-moynihan-makes-first-trip-to-china-report.htm http://www.ibtimes.com/articles/20100321/bofa-ceo-moynihan-makes-first-trip-to-china-report.htm Sun, 21 Mar 2010 21:40:02 EDT Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat over the value of the yuan. http://www.ibtimes.com/articles/20100321/china-vows-to-hit-back-if-targeted-bys-on-yuan.htm http://www.ibtimes.com/data/articleimgs/229674-yuan.jpg http://www.ibtimes.com/articles/20100321/china-vows-to-hit-back-if-targeted-bys-on-yuan.htm http://www.ibtimes.com/articles/20100321/china-vows-to-hit-back-if-targeted-bys-on-yuan.htm Sun, 21 Mar 2010 21:24:01 EDT Greece can go without borrowing until the end of April and has not yet decided when it will tap capital markets for funds to refinance maturing debt, the country's deputy finance minister said on Sunday. http://www.ibtimes.com/articles/20100321/greece-can-resist-borrowing-until-april-deputy-finance-minister.htm http://www.ibtimes.com/articles/20100321/greece-can-resist-borrowing-until-april-deputy-finance-minister.htm Sun, 21 Mar 2010 21:16:01 EDT The trial of four Rio Tinto employees opens on Monday in Shanghai, China's financial hub, in a case closely watched by investors anxious over the business environment for foreign firms and their Chinese employees. http://www.ibtimes.com/articles/20100321/rio-tinto-chief-to-speak-as-trial-begins-in-shanghai.htm http://www.ibtimes.com/data/articleimgs/229678-cars-drive-in-to-the-shanghai-number.jpg http://www.ibtimes.com/articles/20100321/rio-tinto-chief-to-speak-as-trial-begins-in-shanghai.htm http://www.ibtimes.com/articles/20100321/rio-tinto-chief-to-speak-as-trial-begins-in-shanghai.htm Sun, 21 Mar 2010 19:48:01 EDT The Labour government will unveil a 2 billion pound ($3 billion) "green" investment bank in Wednesday's budget to help Britain's transformation to a low carbon economy, a government source said on Sunday. http://www.ibtimes.com/articles/20100321/uk-to-launchbillion-green-investment-bank.htm http://www.ibtimes.com/data/articleimgs/229677-chancellor-of-the-exchequer-darling.jpg http://www.ibtimes.com/articles/20100321/uk-to-launchbillion-green-investment-bank.htm http://www.ibtimes.com/articles/20100321/uk-to-launchbillion-green-investment-bank.htm Sun, 21 Mar 2010 18:56:01 EDT The average price for a gallon of gasoline in the United States rose 8.62 cents to $2.81 in the past two weeks as retailers raised their margins, according to an industry analyst. http://www.ibtimes.com/articles/20100321/gas-prices-up-to81-per-gallon-but-seen-steadying.htm http://www.ibtimes.com/articles/20100321/gas-prices-up-to81-per-gallon-but-seen-steadying.htm Sun, 21 Mar 2010 18:40:01 EDT The former chief executive of American International Group Inc, Maurice "Hank" Greenberg, reached a deal to sell most of the shares he holds in the insurer to a unit of Swiss bank UBS. http://www.ibtimes.com/articles/20100321/greenberg-sells-aig-stock-to-ubs-for-278-million.htm http://www.ibtimes.com/data/articleimgs/229676-former-ceo-of-american-international-group-inc.jpg http://www.ibtimes.com/articles/20100321/greenberg-sells-aig-stock-to-ubs-for-278-million.htm http://www.ibtimes.com/articles/20100321/greenberg-sells-aig-stock-to-ubs-for-278-million.htm Sun, 21 Mar 2010 17:56:02 EDT The United States has thrown trillions of dollars at the slumping housing market and it still looks wobbly. http://www.ibtimes.com/articles/20100321/whats-left-to-fix-housing-market.htm http://www.ibtimes.com/articles/20100321/whats-left-to-fix-housing-market.htm Sun, 21 Mar 2010 17:08:01 EDT President Hugo Chavez denied on Sunday that he planned to censor or limit the Internet in Venezuela, saying on the contrary Web use had shot up more than nine fold during his decade in power. http://www.ibtimes.com/articles/20100321/venezuelas-chavez-im-pro-internet.htm http://www.ibtimes.com/data/articleimgs/229675-venezuelan-president-chavez-attendsnews-conference-in-caracas.jpg http://www.ibtimes.com/articles/20100321/venezuelas-chavez-im-pro-internet.htm http://www.ibtimes.com/articles/20100321/venezuelas-chavez-im-pro-internet.htm Sun, 21 Mar 2010 15:24:01 EDT Washington's bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way this week as the recent rally appears to be fraying. http://www.ibtimes.com/articles/20100321/stocks-eye-health-vote-housing-greece.htm http://www.ibtimes.com/articles/20100321/stocks-eye-health-vote-housing-greece.htm Sun, 21 Mar 2010 14:24:02 EDT Top Indian telecoms firm Bharti Airtel <BRTI.BO> said it had tied up the entire financing requirement of $8.3 billion for its planned buy of Kuwaiti telecom Zain's <ZAIN.KW> African assets, in a sign of progress as the deadline for the firms' talks expire next week. http://www.ibtimes.com/articles/20100321/bharti-ties-up-zain-deal-funds-as-talks-deadline-nears.htm http://www.ibtimes.com/articles/20100321/bharti-ties-up-zain-deal-funds-as-talks-deadline-nears.htm Sun, 21 Mar 2010 12:24:03 EDT