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Business News on May 6, 2012


Oil price drop not to impact UAE growth prospect: expert
Oil prices retreated over 4.5 percent in the last four weeks, but the decrease does not change the perspective of the United Arab Emirates' (UAE) economic growth of 2.6 percent in 2012, an expert with the National Bank of Abu Dhabi (NBAD) said Sunday. ANI

UK's department store chain John Lewis considering opening shops in China
The John Lewis Partnership, an employee-owned UK partnership that operates well-known chain of up market department stores, is considering opening shops in China, a move that would mark its first foray outside Britain. ANI

Iranian delegation to visit India for trade talks
An Iranian mission will start a six- day trip to India on Sunday for talks to promote trade ties with the South Asian country, the semi-official Fars news agency reported. ANI

Manikaran emerges as popular religious tourist destination
Religious tourism is taking off in a big way in Himachal Pradesh, with the holy town of Manikaran now being included in the state government's must visit spots for domestic and foreign tourists. ANI

China to boost construction of energy-efficient buildings
The Chinese government has established a goal of having energy-efficient buildings account for 30 percent of new construction projects by 2020, according to an official document released Sunday. ANI

Beijing to protect celebrities' names, time-honored brands
The Beijing Trade and Industry Bureau said Saturday that it will take measures to protect the names of celebrities and time-honored brands, as many names have been registered as trademarks by other companies. ANI

Yahoo investor demands new CEO Thompson's resignation for 'faking educational record'
One of Yahoo's largest investors has writtten another letter to the board of the embattled Internet company demanding that new chief executive Scott Thompson be dismissed by May 7. ANI

SGX Derivatives and Clearing Volumes Grow
Singapore Exchange (SGX) today said derivatives and clearing volumes grew in April from a year earlier but securities activity declined.Securities1. Securities turnover was 27% lower year-on-year at S$23.5 billion; securities daily average value (SDAV) declined 27% to S$1.2 billion. Compared with March 2012, SDAV was 10% down. 2 ACN Newswire

Minimising Litigation Risk
"General Counsel must have various checks and balances through the legal process to minimise the risk of litigation," says S. Ramaswamy, General Counsel & Company Secretary, JCB India. Through specific training and the use of standardised templates,employees and process owners can help reduce the risk of potential litigation ACN Newswire

Finding Value in the Commercial Real Estate Market
"There is significant value in secondary and tertiary commercial real estate markets," says Chris Campbell, Chief Executive Officer, Devonshire Fund. He adds, "Many private wealth managers are interested in funds that buy or own trophy properties inprimary markets as they are considered less risky, however, cap rates on such properties have compressed to pre-crash levels ACN Newswire

Providing Customers with a Transparent Energy Supply
"Power utilities must continue to improve the value proposition provided to customers and do it in a way that provides state of the art energy solutions, combined with a clean and affordable green energy supply," says Mary Powell, President and ChiefExecutive Officer, Green Mountain Power ACN Newswire

Kuno Creative's New Ebook Is Key to Inbound Marketing Success
Kuno Creative has published its first-ever ebook, The Content Marketing Manifesto, to help the C-Suite and marketing professionals better understand content marketing. The free ebook also provides strategic direction and a deployment checklist for creating a content marketing plan. MarketWire

DigitalGlobe Rejects Unsolicited Acquisition Proposal by GeoEye
DigitalGlobe, Inc. (NYSE: DGI) ("DigitalGlobe" or the "Company"), a leading global provider of high-resolution earth imagery solutions, today commented on the unsolicited proposal announced by GeoEye, Inc. (NASDAQ: GEOY) ("GeoEye") to acquire the Company for $17.00 per share in a combination of cash and stock. MarketWire

Preeclampsia Foundation Releases Official List of Top 10 Pregnancy Guidebooks
For the first time in its history, the Preeclampsia Foundation has issued an official list of Top 10 Pregnancy Guidebooks, a comprehensive report distilled from reviewing more than 60 books MarketWire

Statoil signs cooperation agreement with Rosneft
Statoil (OSE:STL, NYSE:STO) and Rosneft today signed a cooperation agreement. The companies have agreed to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets. GlobeNewswire

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