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HAVANA (AP): Raul Castro announced Saturday that Cuba will cut spending on education and health care, potentially weakening the building blocks of its communist system in a bid to revive a foundering economy.
NEW DELHI: General Electric Co (GE) is holding discussions on partnerships or an initial public offering (IPO) for its NBC Universal unit, chief executive Jeffrey Immelt said, as expectations grow about a deal with cable operator Comcast Corp.
KUALA LUMPUR: Tradewinds (M) Bhd said its proposed acquisitions as well as mandatory general offers (MGOs) with Padiberas Nasional Bhd (Bernas), were made in the best interest of the company, in being able to consolidate the financial results of Bernas as a subsidiary arising from the proposals.
SEOUL: California Gov. Arnold Schwarzenegger urged the U.S. Congress to quickly ratify pending free trade agreements with South Korea, Panama and Colombia, saying Wednesday that the deals are vital to Washington's goal of doubling American exports in five years.
SEOUL: The leaders of South Korea and the United States agreed to try and finalize a long-stalled free trade deal ahead of a summit of major economies set for next week, the office of South Korea's president said Tuesday.