U.S. Challenges EU with Rival Airline-Tax Talks
The U.S. will this week host a meeting of about 16 nations opposed to a controversial European Union carbon tax on airlines, aiming to draw up an alternative plan, a U.S. official said Monday.
Panasonic To Return To Profit In Apr.-June: Report
Panasonic Corp. will likely post a swing back to profit in the April-June quarter, with group net income of 10 billion yen ($128 million), compared to a �30.3 billion loss in the year-earlier period, according to a Nikkei news report Tuesday.
Brazil Usiminas Reports 2nd-Quarter Net Loss, Largely On Forex
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM3.BR, USIM5.BR, USNZY), or Usiminas, reported a second-quarter net loss of 87 million Brazilian reais ($42.87 million), reversing its year-earlier gain of BRL157 million, largely due to currency factors.
Andalusia Won't Request State Aid From Madrid
The Spanish region of Andalusia isn't planning to request state aid from the central government as it expects to meet its 2012 deficit target of 1.5% of its gross domestic product, Cinco Dias reported in its Tuesday Internet edition.
Singapore GIC Cuts Exposure to Bonds, Equities
The Government of Singapore Investment Corp. has reduced its exposure in developed markets and cut its holdings in equities and bonds, as global uncertainties continue to weigh on the sovereign-wealth fund's investment strategy.