Word: tradings
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...billion of foreign debt and paralyzed by governmental incompetence, was in serious decline. Workers’ complaints over rising prices precipitated strikes and protests in 1970, 1976, 1980, and 1988. In July, a standoff between miners and the government saw the re-emergence of Solidarity, an illegal trade union...
...just days after Nath's warning, India is being accused of raising trade tensions between the world's two largest emerging economies by imposing a temporary ban on imports of Chinese-made toys. The six-month ban was announced Jan. 23 by the Indian Directorate-General of Foreign Trade, which issued a two-sentence notification saying the restriction was being made "in public interest." Today, two weeks after the announcement, Nath finally spoke up on the matter, saying that India's step is WTO-compatible, and has been taken to ensure public safety. "The decision to ban was taken...
...trade policymakers, a resonant message from the recent World Economic Forum conference in Davos, Switzerland, was the need to guard against protectionism amid the global financial crisis. Indian Trade Minister Kamal Nath led a chorus of Davos voices warning that governments, desperate for measures to preserve their slumping domestic industries, might move to restrict imports to ease competitive pressures - a formula that in the past has only exacerbated economic downturns by sparking commerce-killing trade wars...
...will have to twist arms in his own party to tone down the measures, especially since the Senate is currently looking at an even tougher version of the provisions. If he fails to extract the offensive language, Europe may indeed be readying itself for an old-fashioned trade battle...
...minimum 15% stake in a company must make an open offer to all shareholders based on a 26-week average share price. SEBI wants to waive this requirement to enable more realistic pricing of Satyam's shares, which plunged by more than 70% after the scandal broke and now trade at about $1.27 a share. Satyam's government-appointed board are discussing buyout options this week, but a sale cannot be completed until its accounts are restated, a process that could take several months. The company said this week it secured $133 million in working capital through bank loans...