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International News on July 11, 2012

Spanish Prime Minister Mariano Rajoy announces austerity measures in Parliament
Spanish Prime Minister Mariano Rajoy announces austerity measures even as ministers stage protests on the streets Andhra News

National Forces Alliance headed for a larger lead in Libyan Elections
Muslim Brotherhood's Justice and Construction party and other Islamist rivals doesn't accept defeat yet; National Transitional Council (NTC) to hand over power to general national congress on August 6 or 8 Andhra News

At least 20 killed in Yemen police academy suicide bombing at Sanaa
At least 20 killed in suicide bombing attack at Sanaa police academy in Yemen Andhra News

Hillary Clinton visits Laos in a historic visit
US Secretary of State Hillary Clinton visits Laos in a historic visit. She is the first US Secretary of State to visit the country in over five decades. Andhra News

NGP Energy Capital Management Announces $3.586 Billion Fund
NGP Energy Capital Management (“NGP”) announced that the final closing of NGP Natural Resources X, L.P. (“NGP X”) occurred on June 29, 2012 with total commitments of $3.586 billion Business Wire India

SmartStream Awarded Multiple SWIFTReady 2012 Labels for the Fourth Consecutive Year
SmartStream, the financial Transaction Lifecycle Management specialist, today announced that its TLM Corona version 7 solution has been awarded the SWIFTReady Reconciliations and SWIFTReady Payments Exceptions and Investigations labels for 2012, following a stringent criteria process. Business Wire India

French Expats Vote Online in Legislative Elections with Scytl’s Technology
The French Ministry of Foreign Affairs has successfully conducted the national legislative elections electronically allowing the French citizens residing abroad to vote by using the Internet voting solution provided by Scytl, a leading provider of secure election technology worldwide. Business Wire India

Rapaport Melee Diamond Index (RMI) Down 13% in 2Q to 122.48
The Rapaport Melee Index (RMI) for small diamonds dropped 13% to 122.48 in the second quarter of 2012. Melee diamond prices fell as Far East and Indian demand slowed as the Rupee declined sharply. Overall diamond trade liquidity has also become problematic as banks deal with global economic uncertainty and the European banking crisis Business Wire India

ZTE Wins Viettel 2G/3G Network Contract in Peru with its Uni-RAN Solution
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today announced that it has won a national 2G/3G wireless network project in Peru with mobile operator Viettel Business Wire India

The Valence Group is Acting as M&A Advisor to Arkema in Relation to the Potential Divestiture of Its Tin Stabilizer Business
The Valence Group is advising Arkema on its announced project for the sale of its tin stabilizer business to PMC Group, headquartered in Mount Laurel, NJ, a manufacturer of performance chemicals and plastics. This proposed divestment of organometallic products includes Thermolite® tin stabilizers, Fascat® catalysts, and fine chemicals Business Wire India

Mark Inskip Appointed as Managing Director, Europe at Group FMG
Dilip Keshu, Global CEO, Group FMG has announced the appointment of Mark Inskip as Managing Director of Europe for the company. Business Wire India

India and Smart Technology: the promise of accelerated social and economic development
Every year, the CARTES Event highlights one country among the major emerging countries which offers considerable development prospects in terms of products, solutions and services for the smart security industry (SIM cards, bank cards, secure documents and trusted services). For 2012, CARTES has chosen India Business Wire India

AGCO Announces Tier 4 Final/Stage IV Engine Strategy
AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, has announced its Tier 4 Final/Stage IV engine emissions strategy for its AGCO POWER diesel engines Business Wire India

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