(Reuters) - They face a 1600 GMT deadline -- noon in Washington and 1 a.m. on Monday in Seoul -- to reach what would be the largest U.S. trade pact in 15 years.
"This is the day when both sides put their bottom line on the table ... we're down to the wire," U.S. Trade Representative spokesman Stephen Norton said in Seoul where the final round of talks have been taking place for the past week.
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Saturday, March 31, 2007
CORRECTED:LG.Philips aims to make 11 mln modules by '11
(Reuters) - The plant, located in Kobierzyce near Wroclaw in southwestern Poland, will mainly assemble liquid crystal display panels over 32 inches in order to supply makers of flat screen TVs.
The total investment for the plant is estimated at 429 million euros through the year 2011.
Read more at Reuters.com Business News
The total investment for the plant is estimated at 429 million euros through the year 2011.
Read more at Reuters.com Business News
Dry pet food implicated in North American recall
(Reuters) - The FDA concluded earlier on Friday that melamine, a chemical used in fertilizers in Asia and forbidden in pet food, had been found in some wheat gluten used by a Canadian company at the center of the recall two weeks ago.
Ontario-based Menu Foods makes pet food sold under several popular labels. The FDA and Menu said the suspect wheat gluten came from a Chinese supplier, which was not identified.
Read more at Reuters.com Government Filings News
Ontario-based Menu Foods makes pet food sold under several popular labels. The FDA and Menu said the suspect wheat gluten came from a Chinese supplier, which was not identified.
Read more at Reuters.com Government Filings News
Central African Republic plans bond to build peace
(Reuters) - Central African Republic plans to issue a bond on a new regional bourse later this year to help raise funds to boost its ailing economy and curb insecurity, the country's prime minister told Reuters in an interview.
The former French colony, which languishes at the bottom of most development rankings, is notoriously unstable and while the government has pinned its hopes for growth on gold, diamonds and other minerals, there is little industrial extraction.
Read more at Reuters Africa
The former French colony, which languishes at the bottom of most development rankings, is notoriously unstable and while the government has pinned its hopes for growth on gold, diamonds and other minerals, there is little industrial extraction.
Read more at Reuters Africa
Chrysler could be worth $6 to $9 billion-newspaper
(Reuters) - The newspaper reported private equity firm Cerberus Capital Management [CBS.UL] had lodged a bid for Chrysler on Friday. The Detroit News has reported Blackstone Group and the Canadian auto supplier Magna International Inc are also expected to bid.
Chrysler, the No. 4 U.S. automaker and home to the Jeep, Chrysler and Dodge brands, was put into play in mid-February, when DaimlerChrysler Chief Executive Dieter Zetsche announced the company was keeping all options open for the unit.
Read more at Reuters.com Mergers News
Chrysler, the No. 4 U.S. automaker and home to the Jeep, Chrysler and Dodge brands, was put into play in mid-February, when DaimlerChrysler Chief Executive Dieter Zetsche announced the company was keeping all options open for the unit.
Read more at Reuters.com Mergers News
Strong growth boosts S.Africa tax revenue
(Reuters) - South Africa exceeded its revenue target by 3 billion rand in the 2006/2007 financial year thanks to strong economic growth and efficient collection, government said on Saturday.
The South African Revenue Service (SARS) collected 493 billion rand in tax, above its target of 489.7 billion rand.
Read more at Reuters Africa
The South African Revenue Service (SARS) collected 493 billion rand in tax, above its target of 489.7 billion rand.
Read more at Reuters Africa
China's Chongqing bank to sell stake to HK lender
(Reuters) - "Yes, we won approval this week to sell a stake to Dah Sing Bank, but the deal with Carlyle has yet to go through," Zhang Fu, chairman of the small western Chinese lender, told Reuters on the sidelines of a financial forum.
He said the bank would sell a stake to Dah Sing for about 2 yuan per share and confirmed that it was applying for a Hong Kong listing.
Read more at Reuters.com New Issues News
He said the bank would sell a stake to Dah Sing for about 2 yuan per share and confirmed that it was applying for a Hong Kong listing.
Read more at Reuters.com New Issues News
De Benedetti's M&C consortium scraps Alitalia bid
(Reuters) - M&C and partners private equity firm Cerberus Capital Management [CBS.UL] and ELQ Investors of U.S. investment bank Goldman Sachs had been on the shortlist of potential bidders for the government's stake in Alitalia.
It gave no reason for its withdrawal, but on March 22 De Benedetti had said M&C was pulling out of the due diligence process due to objections from Goldman Sachs and Cerberus to a one-year trading ban on Alitalia shares imposed by the Treasury.
Read more at Reuters.com Mergers News
It gave no reason for its withdrawal, but on March 22 De Benedetti had said M&C was pulling out of the due diligence process due to objections from Goldman Sachs and Cerberus to a one-year trading ban on Alitalia shares imposed by the Treasury.
Read more at Reuters.com Mergers News
Vodafone shares spooked by UK margin drop
(Reuters) - British mobile phone operator Vodafone Group Plc unveiled a profit margin drop in its crowded home market on Friday as it slashed tariffs to win customers and warned of challenges across Europe.
Shares in the group posted their greatest daily fall in over a year -- closing 4.3 percent down -- as the mobile giant concluded a day-long investor presentation aimed at showcasing its core German and UK operations.
Read more at Reuters Africa
Shares in the group posted their greatest daily fall in over a year -- closing 4.3 percent down -- as the mobile giant concluded a day-long investor presentation aimed at showcasing its core German and UK operations.
Read more at Reuters Africa
WTO confirms US loss in Internet gambling case
(Reuters) - The World Trade Organization (WTO) on Friday confirmed its ruling the United States had done nothing to abide by an earlier verdict that labeled some U.S. Internet gambling restrictions as illegal.
In a published version of findings in a complaint brought by Antigua and Barbuda, initially sent to the parties in January, the Geneva-based trade referee said the Caribbean island had provided additional evidence that strengthened its case.
Read more at Reuters Africa
In a published version of findings in a complaint brought by Antigua and Barbuda, initially sent to the parties in January, the Geneva-based trade referee said the Caribbean island had provided additional evidence that strengthened its case.
Read more at Reuters Africa
Dollar dips on news of US duties on Chinese paper
(Reuters) - The dollar declined on Friday after the U.S. government said it will impose duties on imports of coated paper from China, raising fears of protectionism between the two economic superpowers.
While traders and investors debated whether the news was the opening salvo in a trade war, its impact on foreign exchange markets was immediate.
Read more at Reuters Africa
While traders and investors debated whether the news was the opening salvo in a trade war, its impact on foreign exchange markets was immediate.
Read more at Reuters Africa
China demands US scrap anti-subsidy duties
(Reuters) - Beijing demanded on Saturday that the United States reverse its decision to slap anti-subsidy duties on imports of glossy paper from China.
"The Chinese side strongly demands the United States to reconsider this decision and correct it as soon as possible," Wang Xinpei, spokesman for the Commerce Ministry, said in a statement on the ministry Web site (www.mofcom.gov.cn).
Read more at Reuters Africa
"The Chinese side strongly demands the United States to reconsider this decision and correct it as soon as possible," Wang Xinpei, spokesman for the Commerce Ministry, said in a statement on the ministry Web site (www.mofcom.gov.cn).
Read more at Reuters Africa
China should not bow to pressure on yuan - adviser
(Reuters) - China's big balance of payments surplus poses acute challenges, but Beijing should free up the yuan at its own pace and take its time in liberalising the capital account, a senior political figure said on Saturday.
"We should keep the initiative in our own hands and not bow to external pressure. But we do also need to further reform the exchange rate regime," said Cheng Siwei, vice chairman of the Chinese People's Political and Consultative Conference, parliament's top advisory body.
Read more at Reuters Africa
"We should keep the initiative in our own hands and not bow to external pressure. But we do also need to further reform the exchange rate regime," said Cheng Siwei, vice chairman of the Chinese People's Political and Consultative Conference, parliament's top advisory body.
Read more at Reuters Africa
China demands U.S. scrap anti-subsidy duties
(Reuters) - U.S. Commerce Secretary Carlos Gutierrez announced on Friday a preliminary countervailing duty of 10.90 percent against Shandong Chenming Paper Holdings and 20.35 percent against Gold East Paper Co. in a case brought last year by NewPage Corp., a Dayton, Ohio, manufacturer.
A preliminary rate of 18.16 percent will apply to all other Chinese glossy paper exports. Commerce will make its final duty determination later this year. Until then, importers will be required to post bonds or deposit cash with the U.S. Customs Service, based on the preliminary duty levels.
Read more at Reuters.com Business News
A preliminary rate of 18.16 percent will apply to all other Chinese glossy paper exports. Commerce will make its final duty determination later this year. Until then, importers will be required to post bonds or deposit cash with the U.S. Customs Service, based on the preliminary duty levels.
Read more at Reuters.com Business News
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