Sunday, May 19, 2013
 
 

KUWAIT (Reuters) - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co <DOW.N> over a scrapped plastics joint venture.

Nizar Mohammad al-Asani replaced Farouk Zanki as CEO at the oil firm and the cabinet approved the nomination of six board members, a statement on state news agency KUNA said. Newspaper al-Rai said that two of the board members were new.

The government also suspended officials at KPC unit Petrochemical Industries Co. which pulled out of the $17.4 billion K-Dow petrochemical venture in December 2008, citing the deteriorating global economy. It did not give details.<   [READ MORE]
 
 
By David Jones

NEWARK, New Jersey (Reuters) - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane's landing gear failed to deploy, but no one was injured, airline and government officials said.

...   [READ MORE]
 
ZURICH (Reuters) - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday.

We hope that we will shortly be at the finishing l...   [READ MORE]
SANTIAGO (Reuters) - LATAM Airlines Group SA <LAN.SN> said on Saturday it will resume flights to, from and within Argentina by 1530 GMT after state company Intercargo unilaterally decided on Friday to stop providing services to the carrier.

Argentine state company Intercargo manages ...   [READ MORE]
 
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home.

Bernanke made no reference t...   [READ MORE]
 
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home.

Bernanke made no reference t...   [READ MORE]
VIENNA (Reuters) - Alpine, the Austrian unit of Spanish construction group FCC <FCC.MC>, will hold talks with its owners on how to meet its financing needs and has many options open, Chief Executive Arnold Schiefer said.

He was responding to a newspaper report that FCC was worried ab...   [READ MORE]
 
 
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