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Sat, Dec 23, 2006 - Page 10 News List

World Business Quick Take


■ Internet

Microsoft tops site visits

Google overtook Yahoo as the second-most popular Internet destination for Web surfers worldwide last month, while Microsoft held on to the top spot, ComScore reported on Thursday. Slightly more than 736 million people around the world traveled the Internet last month, with 475,262 going to Yahoo online properties, industry tracker ComScore reported. Microsoft Web sites were visited by 501,720 people, the rating tally said.

■ Airlines

Mesa, Shenzhen team up

US regional airline Mesa Air Group Inc and a Chinese carrier yesterday signed a deal to create the first joint-venture airline catering to the booming local travel market. The new carrier will start service ahead of the 2008 Beijing Olympics, flying to 11 Chinese cities with 50-seat regional jets, Mesa and its partner, Shenzhen Airlines Ltd, said in a joint statement. Shenzhen Airlines will have majority control of the new carrier, the airlines said. They did not disclose financial details, adding that they have not decided on a name for the venture.

■ Metals

Deal struck on ore prices

Brazilian and Chinese firms have agreed to a 9.5 percent increase in iron ore prices for next year in a surprisingly swift deal that analysts said yesterday would set the benchmark for global contracts. Companhia Vale do Rio Doce, the world's largest iron ore producer, announced on its Web site overnight on Thursday that it had secured a 9.5 percent price hike from China's biggest steelmaker Shanghai Baosteel Group Corp. The price rise will come into effect for the fiscal year starting April 1.

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