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Sat, Nov 25, 2006 - Page 10 News List

World Business Quick Take


■ Software

Microsoft gives data to EC

Microsoft submitted a new batch of technical information about its Windows operating system to the European Commission on Thursday, meeting the latest deadline to provide information on whether it is complying with a 2004 antitrust ruling. "This is an important milestone," Microsoft said in a statement. Final edits and technical review of the information already submitted in July have now been completed, it added, insisting that it had not broken the summer deadline. The commission, which fined Microsoft US$357 million in July for failing to comply with the antitrust order, disagrees.

■ Automakers

Chery cancels export plan

China's Chery Automobile (奇瑞汽車) has canceled plans to export cars to the US through a joint venture, Visionary Vehicles, with US entrepreneur Malcolm Bricklin, a report said yesterday. Chery said it was not ready to sell cars in the world's biggest car market although Bricklin, who introduced the Subaru brand to the US in the 1960s, planned to import 250,000 Chery cars through 250 US dealers as early as next year. "Chery was not moving fast enough to do all of these cars. It may still assemble some cars for Visionary on a contract basis," Visionary Vehicles spokeswoman Wendi Tush was quoted as saying by the South China Morning Post.

■ Electronics

Sony to fix digital cameras

Sony said yesterday it found a defect in some of its popular Cyber-shot compact digital cameras and offered to repair affected cameras free of charge. The liquid-crystal-display screens of eight camera models might not display images correctly, images could be distorted or cameras might not take photos at all, Sony Corp said in a statement. Affected are eight Cyber-shot models sold between September 2003 and January last year in Japan and in a similar period globally, Sony spokesman Chisato Kitsukawa said.

■ Beverages

San Miguel, Coke in talks

San Miguel Corp, the Philippines' largest food and beverage conglomerate, said yesterday it was still negotiating the sale of its soft drinks bottling joint venture with Coca-Cola Co. San Miguel made the disclosure to the Philippine Stock Exchange after a report in the Philippine Daily Inquirer cited unnamed industry sources as saying the company has agreed to sell its entire 65 percent stake in the venture to Atlanta-based Coca-Cola for an estimated US$700 million. San Miguel and Coca-Cola jointly acquired Coca-Cola Bottlers Philippines Inc (CCBPI), in July 2001 from Coca-Cola Amatil Ltd of Australia.

■ Economic policy

Bernanke to visit China

Federal Reserve Chairman Ben Bernanke will accompany Treasury Secretary Henry Paulson and other Cabinet officials to Beijing next month to try to persuade China to alter its economic policies, senior US government officials said on Thursday. The two-day visit in the middle of December has an ambitious agenda to push, from urging China to let its yuan currency to appreciate further to persuading it to reduce barriers to foreign investment and crack down on piracy and theft of intellectual property. Officially it is to be the opening round of talks under a so-called "strategic economic dialogue" announced in the middle of September.

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