Argentina woos Brazil over energy deal
Less than a week after Argentina incurred international condemnation for plans to nationalise Spanish-controlled oil company YPF, it was out seeking joint energy ventures with Brazil. Julio de Vido, the…
Policy misgivings muddy nuclear’s future
David Cameron is to make a keynote speech on Thursday at Lancaster House, telling an august group of 23 international energy ministers that the coalition is committed to a “green”…
Minicab chief taken to court in bus lane row
Transport for London is taking a minicab company boss to court on Monday seeking an injunction to force him to withdraw an order to his 3,500 drivers to break the…
LightSquared settles Inmarsat dispute
LightSquared, the struggling US-based wireless broadband start-up backed by Philip Falcone’s Harbinger Capital, has settled a payment dispute with Inmarsat and won more time to seek approval from US regulators…
Nama executives testify over hotel loan sale
Two senior executives from Ireland’s National Asset Management Agency have defended a decision to give Patrick McKillen, an Irish property entrepreneur, less than a day’s notice of the agency’s plan…
Hue and cry for Argentina
©AFP Look closely, and the official photograph from last weekend’s Summit of the Americas in Cartagena is unusual. Cristina Fernández, Argentina’s customarily prominent and coquettish president, is almost out of…
Centrica threatens nuclear pull-out
The only British company in the running to build a new generation of atomic power plants has threatened to pull out due to uncertainty over the government’s energy policy –…
Expanding scope of tax relief cap fuels anger
The UK government’s plans to apply its cap on tax relief from charitable donations to investments in social enterprises has deepened anger in the “third sector” and added to the…
Tesco’s Phil Clarke is no Lemony Snicket
It’s been a series of unfortunate events at Tesco since Sir Terry Leahy left just over a year ago. In January his replacement as chief executive, Phil Clarke, delivered the…
UK courts to decide on disputed MF Global funds
Administrators of MF Global UK and the trustee to the company’s main US business have agreed to settle their dispute in the UK rather than US courts. It centres on…
Royal Caribbean projects sharp profit fall
Second-quarter profits at Royal Caribbean Cruises are likely to fall to little better than break-even as the world’s second-largest cruise operator by revenues suffers lower yield growth and slower-than-expected bookings…
MPs look to monitor next bank governor
Senior MPs will next week attempt to impose more supervisory control over the next Bank of England governor, amid fears about accountability at the beefed-up central bank. George Osborne is…
Pru eyes $500m bid for Thai insurance arm
Prudential is eyeing a $500m bid for the insurance operations of Thailand’s Thanachart Bank in the latest sign of the UK group’s Asian expansion ambitions. The Pru – yet to…
Repsol / Argentina: messy indeed
In rhyming slang, you would say the Argentine YPF imbroglio was a tad “Lionel” – as in Lionel Messi. The international diplomatic and financial repercussions from Argentina’s shocking plan to…
Honeywell and GE set positive tone
Global demand for industrial goods remains healthy in spite of concerns about economic slowdown and the eurozone crisis, two of America’s leading industrial groups have said. General Electric, the manufacturer…