Business, Economy And Personal Finance News
Ministers said they would appeal to an international court, after voters in Iceland threw out a plan to repay Britain and the Netherlands for £4bn of losses in the failed Icesave online bank. The Treasury warned Iceland it would pursue compensation through the courts to replace the cash used by the UK to guarantee savings [...]
PROVIDENCE – 38 Studios LLC began moving into its new company headquarters in downtown Providence Friday and is expected to open the office on Tuesday, April 12, the company has told state officials. An agreement with the R.I. Economic Development Corporation had called for Curt Schilling’s video game company to move in by May 1. [...]
— Koch Pipeline Co. announced Monday it plans to build a crude oil pipeline from the heart of the Eagle Ford shale to Corpus Christi. The new pipeline will help oil and gas companies move crude oil from the area, where production levels have overwhelmed an area with outdated infrastructure that can’t handle the volumes [...]
A Japanese consortium has picked up the final assets of failed tycoon Ric Stowe’s Griffin Coal, with the purchase of the Bluewaters power stations near Collie. Japanese companies Kansai Electric Power and Sumitomo Corporation make up the consortium, which was announced as the new owner of the Bluewaters 1 and 2 coal-fired power stations today. [...]
A £2.35bn agreement to pay back the British government after it stepped in to guarantee UK deposits following the failure of online bank account Icesave has split public opinion in Iceland ahead of a critical referendum this week. Iceland goes to the polls on Saturday over the Icesave settlement after opposition to the agreed deal [...]
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