Samsung may face independent probe
RESISTANCE:
The South Korean president has hinted at a veto of a parliamentary bill calling for the setting up of an independent counsel to investigate bribery allegations
South Korea's parliament voted yesterday to set up an independent inquiry into claims that the nation's biggest business group Samsung operated a huge bribery operation.
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Sarkozy to start three-day China visit tomorrow
French President Nicolas Sarkozy begins a three-day state visit to China tomorrow, with business deals and the environment at the top of his agenda.
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IAC to invest US$100m to boost local services in PRC
Media mogul Barry Diller said yesterday his Internet conglomerate, IAC/InterActiveCorp, will invest US$100 million to expand in China by creating services designed for local users.
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De Beers to sell historic Cullinan mine to Petra Diamonds for 1 billion rand
`TRANSFORMATION':
De Beers said the sale to Petra would help meet the South African government's aspirations for a more diversified diamond industry
The world's biggest diamond company De Beers said on Thursday it was selling its historic Cullinan Diamond Mine in South Africa, where the largest ever diamond was found.
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Inflation rose faster than expected last month in Singapore
Singapore's consumer prices rose at a faster-than-expected rate last month on higher energy and housing costs, the government said yesterday.
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World Business Quick Take
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