POLITICS

Scottish Power says trading well

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Scottish Power said on Monday all its operations were performing well and that current year trading was expected to be ahead of expectations, boosting its shares.
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FTSE flat, online gaming sector plummets

The FTSE 100 index was flat on Monday with utilities leading the way but online gambling firms plummeting after the U.S. Congress passed legislation to ban online gaming there.
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British Airways shares rise on bid report

British Airways shares rose over 2 percent in early trade following a newspaper report that two Middle Eastern groups considered bidding for the airline earlier this year.
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Chiquita rejects amended Tradefresh bid

Fresh fruit producer Chiquita Brands South Pacific Ltd has rejected an increased takeover bid by Tradefresh Pty Ltd, saying it still undervalues the business.
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Ministers at odds over Amex labour plan

Federal ministers Amanda Vanstone and Kevin Andrews are at odds over plans by American Express to have Japanese workers take jobs at a Sydney call centre.
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Macquarie involved in aircraft deal

Macquarie Bank will invest $US150 million ($200 million) for a minority stake in the aircraft leasing arm of New York listed transport group GATX Corporation.
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AWB could face terror-related charges

AWB could face terrorism-related charges amid claims some of its staff knew money being funnelled to Saddam Hussein's government could have been funding atrocities against his own people.
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Arrow wins India coal gas blocks

India has awarded coal bed methane gas blocks to firms including British oil major BP Plc, Australia's Arrow Energy and India's Reliance Energy Ltd and Tata Power Co Ltd.
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PM in South Africa to strengthen ties, discuss UN reforms

Indian Prime Minister Dr. Manmohan Singh who arrived in South Africa on Saturday, will, during his four-day visit, discuss major UN reforms with the South African President Thabo Mbeki, besides signing a number of bilateral agreements on a wide range of subjects including one on preferential trade, investment and energy cooperation.
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Thai Economy Ready for Growth: UN

United Nations economists predict Thailand's economy can grow, stating that gross domestic product has the potential to reach 4.7 percent next year provided the new government maintains stability.
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Eaton to close Manchester plant

Eaton Corp. on Friday said it plans to close plants in the United Kingdom, Spain and in the United States, cutting about 730 jobs and incurring third quarter costs of about $50 million.
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Schwarzenegger Signs Telephone Privacy Bill

California Gov. Arnold Schwarzenegger signed a law on Friday making it a crime to buy telephone records or obtain them through deceit, an issue that has become important amid a furor over Hewlett-Packard Co.'s attempts to track down boardroom leaks to the press.
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Michael Page sees industry consolidation paper

Recruitment firm Michael Page sees further consolidation in the staffing services market, the group's chief executive told a Swiss newspaper, adding the UK based firm was not looking to be bought.
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Consumers Bright, Midwest Business Strong in Sept.

U.S. consumer spending slipped in August but falling gasoline prices elevated shoppers' moods by September and Midwest factory activity picked up as well, according to reports on Friday that suggested the economy was still motoring along. Meanwhile, indicators for consumer prices offered a mixed reading on inflation.
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Pharmaceutical Forum to Regulate Pricing in EU

`The European Commission established a Pharmaceutical Forum in Europe today to improve the information on medicine given to patients, ensure faster access to medicine and to better regulate the prices charged.
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European Economic Sentiment Up

Economic sentiment has improved in Europe in September following a small drop in August. The mood has is up 1.6 points in the EU and 1 point in the euro area, according to the Economic Sentiment Indicator.
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Japan's Olympic Commission Appoints Director

The Japanese Olympic Commission (JOC) will appoint Tokyo Governor Shintaro Ishihara as the director-general of Tokyo Olympic Bidding Committee for the 2016 Summer Games, the commission said on Friday.

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