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Exclusive: Iran defaults on rice payments to IndiaReutersThe middlemen receive payments from Iranian importers in rial and pay Indian exporters in US dollars. The consignments are sent directly from India to Iran. But Indian traders said the defaults started after the rial plunged over the past month, …and more »
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ArcelorMittal reveals £632m lossThe Press AssociationArcelorMittal reported a profit of 659 million US dollars (£416 million) in the third quarter of last year. The company said its net income was hit by 1.3 billion US dollars (£821 million) in charges for deferred taxes, restructuring and impairments.and more »
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Second Shift Added to Toyota's Mississippi, U.S. PlantMarketWatch (press release)TMMMS represents an initial investment of 800 million US dollars. North America constitutes an important market for Toyota's sustainable growth, and Toyota is continuing to promote still greater localization and autonomy of its operations there, …and more »
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US wind firm presses theft charge againstNinemsnThe United States had accused China of providing several hundred million US dollars in illegal grants since 2008 to wind turbine makers for using Chinese components. Beijing had insisted its policies complied with WTO rules.and more »
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UK firm pays £14m in 'bribery' caseThe Press AssociationBritish orthopaedics maker Smith & Nephew has agreed to pay 22.2 million US dollars (£14 million) to settle American criminal and civil allegations that it bribed doctors employed by the Greek government for more than a decade to win business.and more »
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