Emerging Markets 12/27/2006
Emerging Markets
Internet Services in Asia May Be Disrupted for Weeks After Taiwan Quakes Chunghwa Telecom Co. and Singapore Telecommunications Ltd. may need weeks to resume full Internet and phone services in Asia after earthquakes off Taiwan damaged undersea cables.
China Life Insurance Raises $3.62 Billion in Sale of Shares, People Say China Life Insurance Co., the country's largest life insurer, raised 28.3 billion yuan ($3.62 billion) selling shares at the top end of a range marketed to investors, two people with direct knowledge of the offering said.
Poland's Claim That Arbitrater Was Biased Is Rejected by Brussels Court Arbitration of a dispute over the ownership of top Polish insurer PZU SA is set to resume after a Brussels court rejected Poland's claim that one of the arbiters is biased.
United Arab Emirates to Switch 8 Percent of Reserves to Euros From Dollars The United Arab Emirates will convert 8 percent of its foreign-exchange reserves to euros from dollars before September after the U.S. currency slumped this year, the country's central bank governor said.
Qatar, With Partner Exxon Mobil, Topples Indonesia as Biggest LNG Exporter Qatar became the world's largest liquefied natural gas exporter in 2006, ending three decades of Indonesian dominance in an expanding market for the cleaner- burning fuel.
Israeli Parliamentary Committee Approves Budget Proposal for Next Year Israel's parliamentary Finance Committee approved budget proposals for next year yesterday, after Prime Minister Ehud Olmert's coalition partners backed down on spending demands.
Gazprom Plan to Cut Belarus Gas a `Threat' to Europe, Poland's Kowal Says OAO Gazprom's threat to cut off natural-gas deliveries to Belarus because of a price dispute risks intensifying European Union distrust of Russia over secure energy supplies.
Internet Services in Asia May Be Disrupted for Weeks After Taiwan Quakes Chunghwa Telecom Co. and Singapore Telecommunications Ltd. may need weeks to resume full Internet and phone services in Asia after earthquakes off Taiwan damaged undersea cables.
China Life Insurance Raises $3.62 Billion in Sale of Shares, People Say China Life Insurance Co., the country's largest life insurer, raised 28.3 billion yuan ($3.62 billion) selling shares at the top end of a range marketed to investors, two people with direct knowledge of the offering said.
Poland's Claim That Arbitrater Was Biased Is Rejected by Brussels Court Arbitration of a dispute over the ownership of top Polish insurer PZU SA is set to resume after a Brussels court rejected Poland's claim that one of the arbiters is biased.
United Arab Emirates to Switch 8 Percent of Reserves to Euros From Dollars The United Arab Emirates will convert 8 percent of its foreign-exchange reserves to euros from dollars before September after the U.S. currency slumped this year, the country's central bank governor said.
Qatar, With Partner Exxon Mobil, Topples Indonesia as Biggest LNG Exporter Qatar became the world's largest liquefied natural gas exporter in 2006, ending three decades of Indonesian dominance in an expanding market for the cleaner- burning fuel.
Israeli Parliamentary Committee Approves Budget Proposal for Next Year Israel's parliamentary Finance Committee approved budget proposals for next year yesterday, after Prime Minister Ehud Olmert's coalition partners backed down on spending demands.
Gazprom Plan to Cut Belarus Gas a `Threat' to Europe, Poland's Kowal Says OAO Gazprom's threat to cut off natural-gas deliveries to Belarus because of a price dispute risks intensifying European Union distrust of Russia over secure energy supplies.
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