Monthly Archives: March 2013

China’s manufacturing picks up speed

Factory output rose at its fastest pace in almost a year in March, but the slower-than-expected increase suggests economic rebound remains fragile  More »

Japanese business sentiment ticks up

Tankan survey shows companies expect further improvements in business conditions following Shinzo Abe’s aggressive push for monetary stimulus  More »

Exxon to excavate Pegasus crude pipeline to find cause of leak

About 12,000 barrels of oil and water have been collected so far near Mayflower, Arkansas, after “a few thousand barrels were observed in the area,” the Mayflower Incident Unified Command Joint Information Center, which includes Exxon, Faulkner County and the city of Mayflower, said in a statement Sunday.  More »

Worker killed in Arkansas nuclear plant accident

One worker died and three others were injured Sunday morning when a heavy piece of equipment fell on them at an Arkansas nuclear plant, officials said.  More »

Pyongyang enters ‘state of war’ with Seoul

North Korea has spent several weeks condemning US-South Korea joint military exercises and UN sanctions that followed its nuclear test last month  More »

Russia gears up for shale boom

Lukoil’s vice-president is warning Russia’s leaders that tax changes are vital to maintain the oil flow that is fuelling an industrial renaissance  More »

China deaths raise bird flu fears

The deaths of two men in Shanghai from a strain of bird flu have raised the spectre of a new epidemic 10 years after the Sars virus caused panic  More »

Blow for ECB as wider loan rates hit south

Goldman Sachs’ interest rate divergence indicator shows companies in southern Europe are paying significantly higher interest rates than northern rivals  More »

Rush to find Cypriot cash escape route

At least three people have attempted to flee country in recent weeks with more than €200,000 in cash on their person, according to official sources  More »

Novartis warns India over drug patent

Warning that refusal to grant patent protection for medicine would have repercussions for multinational drug companies’ activities in the country  More »

Emerging markets dump euro reserves

Sell-off highlights damage that Europe’s sovereign debt crisis has done to the single currency’s standing in the international financial system  More »

Cerberus steps up riflemaker exit

Bidders were said to include investors looking for underpriced assets as well as private buyers unconcerned by the potential for negative publicity  More »

US immigration bill moves step closer

The AFL-CIO union and Chamber of Commerce, with help of senators charged with crafting the bill, agree on new type of visa to overcome hurdle  More »

Online gaming sector snaps up ex-bankers

Online gambling and gaming groups benefit as job cuts and apparently structural salary curbs prompt shift in City talent amid narrowing of pay gap  More »

Abe needs to fix broken electoral system

Premier’s embrace of a trade deal hated by Japanese farmers comes as the courts urge reform of a political structure skewed in favour of rural areas  More »
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