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Posts Tagged ‘agrees’

Japan says Singapore agrees to ‘open skies’ accord from 2013

Japan said it had agreed to liberalize aviation with Singapore starting in 2013 through an “open skies” accord.
 
The transport ministry made the announcement on its website today.
 
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Seadrill agrees to buy two semi-submersible ultra-deepwater rigs

Seadrill said it agreed to buy two ultra deepwater rigs being built at the Jurong Shipyard for about US$1.2 billion ($1.54 billion).
 
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UOL agrees to buy UIC shares from UOB

UOL Group has agreed to buy a 9.7% stake in United Industrial Corp. for $320.5 million from United Overseas Bank, UOL said in a statement to the Singapore Stock Exchange today.

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“Slovakia to recognize Kosovo if Serbia agrees”

Slovakia will recognize Kosovo only if Belgrade agrees with it previously, Slovak Prime Minister Iveta Radičova says. She told Belgrade-based daily Večernje Novosti that Slovakia, which is one of the five European Union countries that have not recognized the Kosovo Albanian UDI, fully supports Serbia’s European integrations.

Novell Agrees to Be Bought by Attachmate for $2.2 Billion

UPDATED: Microsoft and a couple of its partners will acquire IP connected with WordPerfect as part of the overall deal. – In a mildly surprising turn of events, financially troubled
enterprise network and application software provider Novell said Nov.
22 that it has agreed to be acquired by Attachmate Corp. for $2.2
billion in cash.

The purchase price works out to $6.10 per share, a 28 percent premium on the clos…


Singapore Exchange agrees to buy ASX for $10.8b: Update 3

Singapore Exchange agreed to buy ASX, Australia’s main stock-exchange operator, for A$8.4 billion ($10.8 billion) in cash and shares in a drive to compete with Hong Kong and Tokyo.

The operator of Singapore’s stock market is offering A$48 per ASX share, 37% more than the company’s last price on Oct. 22, the companies said at press briefings in Sydney and Singapore. The combination, which requires regulatory approval, would be the first between two exchange companies in the Asia- Pacific region and will create the world’s fifth-largest exchange company by market value.

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Singapore Exchange agrees to buy ASX for $10.7b: Update 2

Singapore Exchange agreed to buy ASX, Australia’s main stock-exchange operator, for A$8.4 billion ($10.7 billion) in cash and stock in a bid to tackle increasing competition.

The operator of Singapore’s stock market is offering A$48 ($61.6) per ASX share, 37% more than the company’s last price on Oct. 22, the companies said at press briefings in Sydney and Singapore. The combination, which requires regulatory approval, would be the first between two exchange companies in the Asia- Pacific region and will create the world’s fifth-largest exchange company by market value.

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SGX agrees $10.7b buy of ASX: Update

Singapore Exchange (SGX) (SGXL.SI) unveiled an agreed A$8.4 billion ($10.7 billion)  takeover offer for Sydney-based ASX (ASX.AX) on Monday to create the fifth-largest listed exchange in the world.

The merger of SGX and the ASX, Asia’s second and third largest listed bourses respectively, aims to ward off the threat of alternative trading systems, line up new avenues for growth and cut costs.

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SGX agrees $10.7b takeover of Australia’s ASX

Singapore Exchange (SGXL.SI) unveiled an agreed A$8.4 billion ($10.7 billion) takeover of Australian bourse operator ASX Ltd (ASX.AX), marking the first major consolidation of exchanges in the Asia-Pacific region.

SGX, Asia’s second-largest listed bourse, offered a combination of A$22.00 in cash plus 3.473 of its own shares for each ASX share. It said in a joint statement with the ASX on Monday that the offer valued ASX shares at A$48.00 each, a 37% premium to ASX’s last trade.

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ACC agrees to accept Olam International offer for NZ Farming

Accident Compensation Corp., a New Zealand investor, said it agreed to accept Olam International Ltd.’s offer for NZ Farming Systems Uruguay shares.

ACC has 17.2 million shares or a 7% stake, it said in a filing to the stock exchange. Olam today raised its offer to 70 New Zealand cents a share from 55 cents.

 
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Silverlake Axis agrees collaboration deal with Hitachi Information Systems

Silverlake Axis says it has entered into a business collaboration agreement with Hitachi Information Systems (HIS), for the development and outsourcing of various financial and distribution systems.

Under the agreement, Silverlake Axis and HIS will form a business collaboration relationship to provide system architecture, network services and outsourcing services through Silverlake Japan (SJL), a fully-owned subsidiary of SAL, to prospective Japanese customers.

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Temasek agrees to sell 14.7% stake in Fraser & Neave to Kirin

Temasek Holdings said it agreed to sell its entire 14.7% stake in Fraser & Neave to Kirin Holdings Co., according to an e-mailed statement today.
 
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China agrees to currency swap of $30b with Singapore

China agreed to a 3-year currency swap with Singapore valued at 150 billion yuan or $30 billion, the People’s Bank of China announced on its website today.

The swap, which may be extended, aims to facilitate trade and investment between the two nations, the statement said.

 
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Australand agrees to A$1.3b unsecured loans

Australand Property Group, the Australian unit of Singapore’s CapitaLand , agreed to A$1.3 billion ($1.57 billion) in unsecured syndicated bank loans, replacing A$1.15 billion of secured debt.

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DBS agrees to repay Hong Kong investors in Lehman-linked notes

DBS Group Holdings agreed to repay investors in Hong Kong in so-called Constellation Notes tied to collapsed Lehman Brothers Holdings Inc., the city’s securities regulator said.
 
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Justin TV Agrees To Remove Fox Copyright Video Streams Posted By : Paddy Chang

Live Internet TV | Online TV technology allows you to watch over 4,500 HD channels right on your PC.

BP agrees to USD 20bn fund

BP executives met with U.S. Pres. Barack Obama and agreed to create a $20bn fund to compensate people and businesses harmed by the Gulf of Mexico oil spill. BP’s chairman apologized for the worst environmental disaster in U.S. history, saying that BP is “fully aligned” with Mr. Obama and his administration on the need to stop the leak and compensate for damages.

C&G agrees to sell PET chips, yarn business for $65m

C&G Environmental Protection Holdings, the emerging player in China’s renewable Waste-To-Energy sector, announced today that it has entered into a conditional sale and purchase agreement to sell its polyethylene terephthalate (PET) chips and yarn production business to Hou Shiqing. the major shareholder of Shishi City Gangyi Dyeing Manufacture, a textile producing company based in China.

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Noble Petro agrees to purchase Northville Product Services

Noble Petro Inc., a unit of Noble Group, entered an agreement to purchase Northville Product Services for US$70 million ($97.1 million) in cash and a US$10 million convertible promissory note due 2011.
 
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US summit agrees to secure N-materials


WASHINGTON – US President Barack Obama on Tuesday called on world leaders “not simply to talk, but to act” to secure or destroy vulnerable stockpiles of nuclear materials, underscoring that the prospect of nuclear terrorism had emerged as one of the greatest threats to the global security.
Meanwhile, in a joint communique seen by AFP, leaders of 47 nations at the US Nuclear Summit agreed to secure loose nuclear materials around the world within four years to thwart any militant plots.
Obama, addressing a plenary session of the 47-nation nuclear security conference he had convened here, told world leaders that it was time “not simply to make pledges but to make real progress for the security of our people.”
“All this, in turn, requires something else, something more fundamental,” he added. “It requires a new mindset – that we summon the will, as nations, as partners, to do what this moment in history demands.”
Seeking to lend force to his warning, Obama said that dozens of countries held nuclear materials that could be sold or stolen, and that a weapon fashioned from an apple-size piece of plutonium could kill or injure hundreds of thousands of people.
“Terrorist networks such as Al Qaeda have tried to acquire the material for a nuclear weapon, and if they ever succeed, they would surely use it. Were they to do so, it would be a catastrophe for the world.”
A day after Ukraine, Canada and Malaysia offered individual undertakings to tighten controls or reduce nuclear stocks, Obama said that “the problems of the 21st century cannot be solved by nations acting in isolation – they must be solved by all of us coming together.”
Joint undertakings towards that end will be spelled out in a communiquT from the group to be issued at dayÂ’s end, and more individual commitments are expected as well.
Obama also announced that there would be another nuclear security conference in two years, and that the President of South Korea, Lee Myung-bak, had agreed to be the host. That would seem to ensure a particularly close focus on the North Korean nuclear programme, just as Iran has drawn particular attention at this meeting.
On Monday, Obama secured a promise from President Hu Jintao of China to join negotiations on a new package of sanctions against Iran, administration officials said, but Hu made no specific commitment to backing measures that the United States considers severe enough to force a change in direction in IranÂ’s nuclear programme.
In a 90-minute conversation here, Obama sought to win more cooperation from China by directly addressing one of the main issues behind BeijingÂ’s reluctance to confront Iran: its concern that Iran could retaliate by cutting off oil shipments to China, according to media reports. The Chinese import nearly 12 percent of their oil from Iran.
Obama assured Hu that he was “sensitive to China’s energy needs” and would work to make sure that Beijing had a steady supply of oil if Iran cut China off in retaliation for joining in severe sanctions.
American officials portrayed the Chinese response as the most encouraging sign yet that Beijing would support an international effort to ratchet up the pressure on Iran and as a sign of “international unity” on stopping Iran’s nuclear programme before the country can develop a working nuclear weapon.
Agencies add: Leaders of 47 nations at a Washington summit agreed Tuesday to secure loose nuclear materials around the world within four years to thwart any militant plots, in a joint communique seen by AFP.
The pledge met the challenge laid down to the Nuclear Security Summit by host US President Barack Obama, who warned that “catastrophe” looms if extremist groups ever manage to build a nuclear bomb.
The draft promised greater efforts to block “non-state actors” from obtaining the building blocks for nuclear weapons for “malicious purposes”.
“We welcome and join President Obama’s call to secure all vulnerable nuclear material in four years, as we work together to enhance nuclear security,” the leaders said in the joint communique to be released shortly and seen by AFP.
They outlined measures to combat nuclear trafficking, including sharing information and expertise in detection, forensics and law enforcement.
The leaders said they “recognise the need for cooperation among states to effectively prevent and respond to incidents of illicit nuclear trafficking.”
The leaders also underlined that the main structure for combating nuclear proliferation remains the UN watchdog, the International Atomic Energy Agency, which they said has “the essential role”.
The summit participants vowed to “ensure that it continues to have the appropriate structure, resources and expertise.”
The summit communique, a copy of which was obtained by Reuters, called for new controls on plutonium and highly enriched uranium and separated plutonium, key components of nuclear weapons, and a crackdown on nuclear smuggling.
But, in a nod to some developing countries seeking to launch civilian nuclear programmes, the summit agreed that increased security steps “will not infringe upon the rights of states to develop and utilise nuclear energy for peaceful purposes.”
The summit encouraged nations to covert nuclear reactors from highly enriched uranium fuel to less risky low enriched fuel.
The countries also recognized the continuing role of the nuclear industry, including the private sector, in security work and pledged to cooperate with the industry to improve the overall “nuclear security culture.”
The nations will leave the first nuclear security summit Tuesday with a step-by-step instruction manual on how to keep nuclear stockpiles and fissile materials out of the hands of extremists.
A work plan issued after the two-day summit in Washington listed steps nations should take to secure stocks of separated plutonium and weapons grade uranium and advises states on how to dispose of the dangerous materials.
“Participating states will consider, where appropriate, the consolidation of national sites where nuclear material is held,” the document, obtained by AFP said.
The plan commits the states to exercise “particular care” in transporting nuclear materials safely, and to account for all separated plutonium, mindful that it can be used in a nuclear device.
“Participating states, where appropriate, will consider on a national basis the safe, secure and timely removal and disposition of nuclear materials from facilities no longer using them,” the document said.
The document also advises states to convert reactors which are fuelled by high-enriched uranium, which can be used to build weapons, into facilities using low enriched uranium.
While the document spells out a long list of steps nations should take, it is couched in diplomatic language which does not compel signatory nations to take such actions.
Mindful of the cost and technical difficulty of securing nuclear fissile material around the world, the document also calls on nations to “provide assistance” to other nations that need it, to secure or export stockpiles.
No financial specific dollar figure was mentioned, and no specific mechanism for providing financial support was laid out.