|Research In Motion Limited prepares next BlackBerry generation|
|Wednesday, 15 August 2012 08:41|
News round up: RIMM, Standard Chartered plc, Greece, Russian railways, Tobacco.
Standard Chartered plc
Standard Chartered was forced to pay a $340 million fine last night to settle damaging allegations from a New York regulator that it had indulged in a “wilful and egregious” breach of American sanctions against Iran.
Greece is seeking a two-year extension of its latest austerity programme aimed at improving the country’s debt sustainability and prospects for a return to growth, according to a document obtained by the Financial Times. Antonis Samaras, the centre-right prime minister, is expected to outline the proposal during talks next week with Angela Merkel, German chancellor, in Berlin and French President François Hollande in Paris.
Russia's giant, state-owned railway company is eyeing a London float in a part-privatisation that would value it at more than 1.7trn roubles (£33bn). Russian Railways, whose assets include 85,200km of track, 1 million employees and 1 billion passengers, is planning to sell as much as a quarter of the business in 2015 or 2016 through a share listing.
Australia’s High Court has rejected a challenge by the world’s biggest tobacco companies which are seeking to overturn a new law requiring cigarettes to be sold in plain packaging from the start of December.
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