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French bank Societe Generale is fined 4m euros for allowing one of its staff members to operate as a rogue trader.

The EU opens an in-depth probe into BHP Billiton’s $170bn unsolicited bid for rival miner Rio Tinto.

The price of oil falls slightly
on hopes Iran will react well to plans to resolve a dispute over its nuclear development.

Hamleys owner - Icelandic investment group Baugur - says it is examining ways to relocate to the UK.

Air France confirms it is in talks with French group Veolia about launching a high-speed rail service.

Indian inflation reaches its latest record high as food, fuel, cement and steel prices continue to rise.

Australia’s Origin urges shareholders to reject a 13.8bn Australian dollar takeover bid from UK rival BG Group.

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French bank Societe Generale is fined 4m euros for allowing one of its staff members to operate as a rogue trader.

The EU opens an in-depth probe into BHP Billiton’s $170bn unsolicited bid for rival miner Rio Tinto.

The price of oil falls slightly
on hopes Iran will react well to plans to resolve a dispute over its nuclear development.

Hamleys owner - Icelandic investment group Baugur - says it is examining ways to relocate to the UK.

Air France confirms it is in talks with French group Veolia about launching a high-speed rail service.

Indian inflation reaches its latest record high as food, fuel, cement and steel prices continue to rise.

Australia’s Origin urges shareholders to reject a 13.8bn Australian dollar takeover bid from UK rival BG Group.

The former head of one of Austria’s biggest banks, Bawag, is convicted of fraud charges by a court in Vienna.

Pringles, the popular snack food in a tube, are not potato crisps, a High Court judge rules, and should be free of VAT.

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Security fears delay Hindustan Shipyard?s revamp again
THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.

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Torm purchase
DUE to a production error, Torm?s purchase of a 50% stake in FR8 was wrongly stated in Friday?s paper as 125m, together with a conversion figure of $246m. Torm?s acquisition was for $125m.

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TILBURY has publicly renewed its call for planning permission to be granted on 65 acres of development land, freeing up space for a major push towards domination of the growing southeast England ro-ro market.

THE newly elected chairman of the International Association of Classification Societies has pledged to ?rebalance? the lack of influence from the Far East in dealings with the International Maritime Organization.

ORIENT Overseas Container Line and Cheng Lie Navigation Co (CNC Line) have suspended their plans to impose an emergency bunker surcharge on the Hong Kong/South China-Taiwan trade, which was due to start on July 1, following shippers? complaints over eight other lines announcing similar EBS plans on the same route.

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SHIPOWNERS who have tonnage entered mutually in Gard P&I Club, one of the world?s top two such organisations, are to receive a total $9m ?give back?.

THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.

JINHUI Shipping and Transportation, the Oslo-listed Hong Kong bulker operator, saw net profit surge 109% to $12.8m in the first quarter buoyed by soaring charter rates. Turnover climbed 49% to $54.3m.

DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.

IMPROVED results for the first quarter of 2007 have been unveiled by the Piraeus Port Authority, the corporation in charge of Greece?s largest port.

SUE Langley, one of the most high profile personalities in the London market, is to join Lloyd?s to raise operational competitiveness and ensure a focus on North American business, which supplies 40% of revenue at Lloyd?s, writes James Brewer.

DEMAND for tankers to act as floating storage units in the Black and Baltic seas is bound to pick up after the Russian government introduced tax breaks.

NAMES at Lloyd?s are continuing to reap better rewards from the market than the dominant corporates, according to an analysis commissioned from ratings agency Moody?s by the Associa- tion of Lloyd?s Members.

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