Briefs, October 20, 2012

PUBLISHED : Saturday, 20 October, 2012, 12:00am
UPDATED : Saturday, 20 October, 2012, 2:35am


Related topics

WTO upholds its ruling China broke trade rules

The World Trade Organisation has upheld its ruling in June that China violated global trade rules by imposing anti-subsidy and anti-dumping penalties on more than US$200 million of flat-rolled electrical steel products from the United States. Bloomberg

Hutchison 3G may have to sell assets in Europe

Hutchison 3G, part of Li Ka-shing's business empire, will need to sell assets such as spectrum to soothe regulatory worries about its planned €1.3 billion (HK$13.2 billion) purchase of France Telecom's Orange Austria, which will reduce the number of telecoms operators in Austria, the European Union's competition commissioner, Joaquin Almunia, said. Reuters

CIC has its eye on Canadian resources

China Investment Corp, the country's sovereign wealth fund, is interested in investing in Canada's resource and infrastructure sectors, a CIC executive told the official China Securities Journal. Other areas of interest include manufacturing, technology and real estate. Reuters

Earnings disappoint at Microsoft, McDonald's

Microsoft and McDonald's led a broad decline in early US trading after both companies posted sub-par results for the third quarter. Microsoft's income fell 22 per cent year on year as PC sales took a dive and as troubles in Europe took their toll. McDonald's profit fell 4 per cent as a strong dollar hurt international results. AP