POLITICS

Energy generator International Power is seeking a stake in a $3 billion (1.6 billion pound) project to build a power and water desalination plant in the United Arab Emirates

Tesco topped analysts' average forecast with a 12.5 percent rise in underlying first half profit on Tuesday and said its plans to expand in non food and the United States were on track.

India's central bank, the Reserve Bank of India (RBI) has approved the takeover of ailing United Western Bank (UWB) by IDBI, setting aside reservations of the Satara-based bank to the amalgamation scheme.

Calvin Klein (CKI), a wholly owned subsidiary of Phillips-Van Heusen, has announced an exclusive distribution agreement and retail store license for India with Murjani India.

Indian Prime Minister Dr. Manmohan Singh's three-day visit to South Africa is expected to benefit India Inc. as the two nations will sign a number of bilateral agreements aimed to strengthen economic and commercial relationships.

India's Business Process Outsourcing (BPO) industry received a serious jolt when a TV channel promised to telecast the issue of growing concern over vulnerability of data security in BPOs and call-centers in India.

Chinese solar power equipment maker LDK Solar Hi-Tech plans to raise about US$300 million in a listing on the Nasdaq stock market next year, the South China Morning Post reported on Tuesday.

For the Standard Chartered Bank's acquisition for Taiwan Hsinchu International Bank with $1.2 billion last week, JP Morgan said......

Harrah's Entertainment Inc. , the world's biggest casino operator, on Monday said it had received a $15 billion buyout offer......

Sony Corp said on Tuesday it will launch its Blu-ray high-definition optical disc recorders in Japan in December, in time for......

Hong Kong's tourist industry is drawing more overseas tourists, showing it is not solely dependent on Mainland visitors, Secretary for Economic Development & Labour Stephen Ip said.

Lee Kee Holdings Limited, color metals stock and distribution company, announced the result of IPO - 200 million shares offered for HK investors got a 266 times......

US investment bank Morgan Stanley announced yestoday it has acquired the Zhuhai Nantong Bank owned by Macau branch of Bank of China.

Microsoft is working to hamstring software companies trying to overcome inherent weaknesses in Windows security, rival McAfee Inc. charged in a full-page ad in Monday's Financial Times.

A U.S. court on Monday denied a Qualcomm Inc. request for a preliminary injunction in a legal dispute with rival chip maker Broadcom Corp., Broadcom said.

The Walt Disney Co. will spend about $30 million to shut down its Mobile ESPN wireless telephone services, but remains excited about its family-oriented Disney Mobile phone service, Disney Chief Financial Officer Tom Staggs said on Monday.

U.S automakers face a widening gap in profitability per vehicle compared to their major Japanese rivals because of missed design opportunities, heavy discounting and high labor costs, a study released on Monday said.

Li&Fung, a top global export trading company, announced to acquire the sourcing arm of German retailer KarstadtQuelle for 60 million euros (HK$594 million).

Shanghai Jinjiang International Hotel Management Co. Ltd, primarily proposing a listing hearing in Hong Kong Stock Exchange and Clearing (HKex) this week......

Sarah Kugelman once suffered so much work-related stress that her doctor told her to change her lifestyle or risk dying before the age of 40.

U.S. manufacturing growth eased in September to its slowest in more than a year, but home sales and construction figures suggested a less abrupt decline in the housing sector than many experts had foreseen. A weakening industrial sector could spell bad news for the economy as a whole.

Zimbabwe's Reserve Bank said on Monday its external debt has dropped by 2.3 percent following South Africa's contribution of $169 million last year to the International Monetary Fund.

Harrah's Entertainment Inc., the world's biggest casino operator, on Monday said it had received a $15 billion buyout offer from private equity firms Apollo Management and Texas Pacific Group.(TPG.UL), sending shares of the whole gaming sector up sharply.

The European Commission announced on Monday a further €40 million ($51 million) contribution in humanitarian aid to assist the conflict-torn Darfur region of Sudan.

The Lloyd's of London insurance market unveiled plans to change its structure that would alter the way in which individual investors have put money into the market for over 300 years.

Southern Cross Healthcare Group Plc, the care home provider today announced its pre close trading update at the end of the Company’s financial year on 1st October 2006.

Japanese Prime Minister Shinzo Abe said on Monday the government should discuss revisions on tax laws after observing results of fiscal retrenchment and social security costs.

Barclays said on Monday it had agreed to sell part of its vendor finance businesses in Britain and Germany to U.S. commercial finance firm CIT for an undisclosed price.

Software firm Misys called off talks over a possible bid for the firm and said its chief executive, who was involved in a potential offer