Procter & Gamble Brings Back A.G. Lafley as Chairman & CEO
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Maritime pirates are honing their tactics and beefing up their weaponry. Here are the world’s most pirate-infested waters, and learn about individual attacks from each place.
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Dec 11- HSBC Holdings Plc is expected to become the first bank to admit to both money-laundering lapses and U.S. sanctions violations on Tuesday as part of a settlement of around $1.8 billion with law enforcement agencies, according to people familiar with the situation.
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StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.
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WASHINGTON, Dec 10- A leading U.S. business group on Monday said it was creating a new body called the U.S.-South Africa Business Council as part of a broader effort to respond to increased competition throughout Africa from China, Europe and others.
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**Nexen Inc's chief executive said on Monday that the $15.1 billion acquisition of the Canadian oil producer by China's CNOOC Ltd was not yet wrapped up despite the Canadian government's approval last week.
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*China oil imports up in November. *Political uncertainty in Italy limits oil's gains. NEW YORK, Dec 10- Brent oil prices rose slightly on Monday after Chinese data showed oil imports increased last month, a sign of robust demand for commodities in the world's No. 2 oil consuming country.
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DUBAI, Dec 10- A Russia- led coalition on Monday withdrew a proposal to give governments new powers over the Internet, a plan opposed by Western countries in talks on a new global telecom treaty. But Russia, China and many Arab states, which want greater governmental control, have been pushing to expand the treaty beyond traditional telecom operators.
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By Marcy Nicholson and Nigel Hunt. NEW YORK/ LONDON, Dec 10- Raw sugar and arabica coffee futures on ICE closed at the lowest level in roughly 2-1/ 2 years on Monday, after reports from top producer Brazil emphasized plentiful supplies for both markets.
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WASHINGTON, Dec 10- Standard Chartered Plc agreed to pay $327 million to U.S. authorities to resolve allegations that it violated U.S. sanctions laws, capping months of legal headaches for the British bank. The fine was on top of a separate payment of $340 million made in August by Standard Chartered to New York's state banking regulator over Iranian sanctions.
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Dec 10- McDonald's Corp's sales at established restaurants rose more than expected in November as a renewed emphasis on low-priced menu options, such as $1 Sausage McMuffins and coffee, helped the company bounce back from a rare decline in October, it said on Monday.
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*Algeria with Iran and Venezuela a lead OPEC price hawk. VIENNA/ ALGIERS, Dec 10- Social spending on the rise, oil output in decline and the price of its main earner natural gas sinking, Algeria has quietly joined Iran and Venezuela in OPEC as a hawk on oil prices.
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*European Commission froze for a year its aviation law. The meeting has been scheduled for Dec. 12-13 in Montreal after a stand-off between the European Union and non-EU nations over a law to include all airlines that use EU airports in the EU Emissions Trading Scheme.
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Dec 10- McDonald's Corp's sales at established restaurants rose more than expected in November as a renewed emphasis on low-priced food helped the company bounce back from a rare decline in October, it said on Monday.
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WASHINGTON, Dec 10- British bank Standard Chartered Plc will pay $327 million to resolve allegations that it violated U.S. sanctions and other laws, the Federal Reserve said on Monday.
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*Rains may boost tail of Ivory Coast cocoa crop. "We've seen the March/May spread and the May/July spread weaken over the last few sessions," said James Kirkup, director of sugar brokerage at ABN AMRO Markets, noting that the strong tail to Brazil's crop has probably boosted availability into March.
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*Inflation at 40 percent- Institute for International Finance. BEIRUT, Dec 10- War-ravaged Syria's economy will shrink by a fifth in 2012 and all its foreign reserves could be spent by the end of next year, a global finance industry association said on Monday.
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*European Commission froze for a year its aviation law. The meeting has been scheduled for Dec. 12-13 in Montreal after a stand-off between the European Union and non-EU nations over a law to include all airlines that use EU airports in the EU Emissions Trading Scheme.
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*Inflation at 40 percent- Institute for International Finance. Since a revolt that has since descended into civil war started in March 2011, inflation has risen to 40 percent and the Syrian pound's official exchange rate against the dollar fallen by 51 percent, the Institute for International Finance said.
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NEW YORK/ LONDON, Dec 10- Raw sugar futures on ICE flirted with the lowest level in nearly 2-1/ 2 years on Monday, and arabica coffee also tumbled after reports from top producer Brazil emphasized plentiful supplies for both markets.
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*New licence round "depends on situation in Libya". TRIPOLI, Dec 9- Libya could proceed with a new round of oil exploration and production agreements in the current transitional period but the priority for now is to maintain pre-war output levels and future targets, the OPEC member's new oil minister told Reuters.
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WASHINGTON, Dec 7- At least seven companies from China, India, South Korea and South Africa continued to have investments in Iran's oil and gas sectors in 2012 even as Tehran came under international scrutiny for its nuclear ambitions, a U.S. government watchdog said on Friday.