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    Australian takeover of Alcoa unlikely: analysts

    SPECULATION: Despite rumors that BHP Billiton and Rio Tinto are poised to acquire Alcoa Inc, analysts said that the two rivals had no interest in the `downstream' sector
    Potential takeover bids of Alcoa Inc by one of two Australian-based companies reportedly considering such a move were unlikely because of the US aluminum producer's company dynamics, cost factors and increasing Chinese competition, analysts said yesterday.

    [ FULL STORY ]


    Divine Chocolate aims to sell `fair trade' treats in US

    A chocolate company part-owned by a Ghanaian cocoa farmers' cooperative is offering treats that it says are guilt-free -- calories notwithstanding.

    [ FULL STORY ]


    Singapore's GDP growth beats forecasts

    VIBRANT: The city state had the third-highest growth rate in Asia last year, with manufacturing, wholesale and retail trade and financial services leading the way
    Singapore yesterday raised its economic growth forecast after the economy expanded at a better-than-expected 7.9 percent last year, one of the fastest rates in Asia.

    [ FULL STORY ]


    Chrysler expected to cut jobs to shore up car market share

    The Chrysler Group was set to announce a restructuring plan yesterday aimed at securing its place in the crowded US automotive market -- and within DaimlerChrysler.

    [ FULL STORY ]


    Citigroup to shed umbrella, `group' in branding drive

    Citigroup Inc is shedding its red umbrella and the word "group" as it launches a new branding campaign.

    [ FULL STORY ]


    World Business Quick Take

    ■ Trade
    Japan posts record surplus
    [ FULL STORY ]


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