Profitloss Centerstage Events

Japan and Singapore in discussions for a bilateral free-trade agreement takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 5

Napster and BMG Music announce a partnership that will transform...

Napster and BMG Music announce a partnership that will transform the website into a subscription-based service that provides legal downloads.

Monday, 30 October, 2000

Oil buyers of Iraqi oil will pay in euros instead...

Oil buyers of Iraqi oil will pay in euros instead of dollars, following the United Nations’ agreement to Iraq’s demand. This move removes the risk of petroleum export interruptions from Iraq. The U.N. Iraq Sanctions Committee made the decision on Monday after Iraq agreed to extend the deadline for the switch to Monday from Wednesday. However, oil industry analysts believe that this resolution will likely only serve as the beginning of other disputes, as they expect Baghdad to continue undermining the sanctions.

Tuesday, 31 October, 2000

Japan and Singapore are in discussions for a bilateral free-trade...

Japan and Singapore are in discussions for a bilateral free-trade agreement that could have far-reaching effects on Tokyo's trade relations. Negotiations are set to begin in January, and Japanese officials acknowledge that they chose Singapore, their eighth largest trading partner, for this policy endeavor because the city-state has a modern economy with no significant agricultural sector. If successful, this deal could have implications for Japan's trade agreements with other nations.

Wednesday, 1 November, 2000

Delta Air Lines announces it is set to sell $1.25...

Delta Air Lines announces it is set to sell $1.25 billion of enhanced equipment trust certificates in four categories through Goldman Sachs & Co. and Morgan Stanley Dean Witter in the next week.

Thursday, 2 November, 2000

With numerous individuals across the country displaced from their homes...

With numerous individuals across the country displaced from their homes due to flooding, chaotic train services, and panic buying leading to petrol stations running low ahead of the threatened fuel protest next week, there was little positive news. Reports have warned of potential food shortages if the protest proceeds.

Friday, 3 November, 2000

Mr. James D Wolfensohn, President of the World Bank, is...

Mr. James D Wolfensohn, President of the World Bank, is scheduled to visit India for an official 10-day trip beginning tomorrow. The purpose of his visit is to evaluate the Bank's poverty reduction program and its impact in India. During his trip, Mr. Wolfensohn will tour development projects, meet with government leaders and businessmen, and assess how the Bank's mission of poverty reduction is being implemented in a country where over one-third of the world's poor reside. The Bank has released a statement regarding Mr. Wolfensohn's visit.

Saturday, 4 November, 2000

AES Corp. has initiated a $1.06 billion tender offer to...

AES Corp. has initiated a $1.06 billion tender offer to acquire Gener SA, Chile's second-largest electricity generator, as part of its strategy to enhance its presence in Latin America. The acquisition of Gener, which is one of the few remaining power firms in South America owned by locals, will add to AES's already-strong presence in the region. Gener was previously in discussions with TotalFina Elf SA, a French petroleum company, for a separate deal involving the purchase of most of Gener's Argentine assets and a 20% stake in the entire company.

Sunday, 5 November, 2000