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Bickering within PD, making up at OSCE
The Romanian foreign policy machine scored another success the other day after its entry this year into the troika of the Organisation for Security and Cooperation in Europe (OSCE), as it to...
De Beers to attempt to clean up diamond trade
De Beers, the South African mining group, will attempt today to clean up the diamond trade by demanding a guarantee from buyers that they are not dealing in "conflict diamonds" smuggled out...
Smokers seek damages up to $196 billion
Smokers in a landmark case asked for up to $196 billion in punitive damages from the tobacco industry Monday to punish it for ruining the lives of millions of sick and addicted customers. "T...
Stolojan makes up for lost time in the presidential race
Former Premier Theodor Stolojan is rapidly gaining ground for a possible counter-candidacy against Ion Iliescu during autumn presidential elections, in line with a poll conducted by the Urba...
Siemens to sell up to EU2.5nn in bonds
Siemens AG is selling as much as 2.5 billion euros ($2.4 billion) in 5-year bonds exchangeable into Infineon AG stock, cutting its stake in the chipmaker and betting a planned German tax ref...
Global GDP went up 150%
In the 20th century, a quarter of the world population became three times poorer, while another quarter became six times richer. This is the conclusion reached during the first day of the an...
BNP-Dresdner has 10 days to make up its mind
French-German banking group BNP-Dresdner will have to decide by June 30 to whom it will sell its business in Romania, after announcing plans to give up operations here, because the bank's sp...
China Unicom gives up CDMA
China Unicom has scrapped a project using current CDMA wireless telephone standards, but will build a network using later-generation CDMA technology, the official China Daily Business Weekly...
Apollo bidders do not give up easily
Competition for the majority stake in stock of Hotel Apollo, headquartered in Constanta, which is owned by SOF, does not seem to lose in intensity. Petre Mihail, the investor that, together...