Friday, May 14, 1999
American company gets funding for state project
An Indian-American owned company has become the first US firm to receive Overseas Private Investment Corporation (OPIC) financing and political risk insurance for a power project in India after the partial lifting of sanctions against New Delhi.
Saudi American, United Saudi banks merger in doubt
The proposed merger of Saudi banking heavyweight Saudi American Bank (SAMBA) and United Saudi Bank (USB) was in doubt on Thursday after the powerful prince at the head of USB rejected SAMBA's valuation of his bank's shares.
Negotiations to bail out Canada's largest copper mine continue
The fate of almost 1,000 miners hung in the balance on Wednesday night as negotiators attempted to hammer out a last-minute deal to avert the impending shutdown of Canada's largest copper mine.
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