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February 23, 2012

Business  » Corporate

Vietnam ready to facilitate US businesses’ operations

Vietnam is willing to create favourable conditions for US businesses to invest in the country, said Deputy Prime Minister Nguyen Xuan Phuc.

Peugeot, GM discuss 'strategic partnership'

Leading French carmaker PSA Peugeot Citroen is in talks with US giant and world number one General Motors on forming a "strategic partnership," French Labour Minister Xavier Bertrand said Wednesday.

S&P cuts rating on Japan's Panasonic

Standard & Poor's downgraded the rating of Japan's Panasonic Wednesday, blaming its deteriorating finances weeks after the electronics giant warned it would suffer a record loss for this fiscal year.

PlayStation Vita game gadgets debut outside Asia

Sony's slick PlayStation Vita handheld videogame gadget hit major markets around the world on Wednesday as the Japanese entertainment titan bucked a trend towards play on smartphones.

55 Boeing Dreamliners 'have potential' shimming problem

Boeing said around 55 of its flagship 787 Dreamliners "have the potential" to develop a fuselage shimming problem, but reiterated that the fault was being fixed.

Shell offers £992 mln for E.Africa-focused Cove Energy

Royal Dutch Shell said it had offered to buy Cove Energy, a London-listed company with key operations in East Africa, for £922.4 million (1.1 billion euros, $1.46 billion).

Vietnam Airlines now key stakeholder of Jetstar Pacific

The national flag carrier, Vietnam Airlines, on February 21 announced that it has taken the majority share of Jetstar Pacific Airlines (JPA) from the Vietnamese State Capital Investment Cooperation (SCIC) and becomes JPA’s biggest shareholder.

EVN cuts cost to help slow price rise

Electricity of Vietnam has targeted reducing its production costs by VND1.8 trillion ($85.7 million) this year.