Deripaska Under Pressure in Mega Aluminium Merger

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By John Helmer in Moscow
Oleg Deripaska is under unexpected personal pressure, at home and abroad, just when his plan to take control of one of the largest bauxite and aluminium producers in the world is close to final government approval. And that is exactly why the trouble for Deripaska is growing now.
Russian government authorization this month of the creation of a monopoly aluminium concern, integrating domestic and foreign bauxite, alumina, and aluminium production assets, has followed a no-objection ruling from the European Commission (EC) in Brussels. The unconditional ruling was issued by the EC on February 1.

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Bistro, Bistro Cried the Russian to Sarkozy

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By John Helmer in Moscow
Did Nicolas Sarkozy, the small rightwing candidate for President of France, benefit from the brief imprisonment in Lyon of one Russian billionaire, and from the award of a medal, days later in Paris, to another Russian billionaire, who happened to be the business partner of the first?
And was Sarkozy helped by Renaud Donnedieu de Vabres, ministre blanchisseur, official custodian of French culture, receiver of kickbacks, and arranger of unorthodox donations to presidential campaign chests?
In short, on January 30, when Donnedieu de Vabres awarded the medal of Officer of the Legion of Arts and Letters to Vladimir Potanin, was this the end to an ingenious quartet of hostage-taking and ransom on the French side, procuring and precious metals on the Russian?

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Pakistan Revises Mehsud’s Demise

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Pakistan Taliban chief Hakimullah Mehsud wasn’t killed in a U.S. drone strike in January as previously suspected by the government, Pakistan intelligence officials said.



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Afghan Death Sparks Protest

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U.S. soldiers shot and killed the armed relative of a lawmaker during a nighttime raid in eastern Afghanistan, setting off protests by angry villagers who chanted “Death to America!”



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Toyota Resumes Sales of Lexus GX 460

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Toyota said it resumed U.S. sales of the 2010 Lexus GX 460 sport-utility vehicle, which it recalled last week over rollover concerns, after sending dealers a repair kit.



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Australia Takes Aim at Tobacco

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Australia’s government said Thursday it plans to ban brand labels and other marketing imagery on cigarette packaging by 2012, a move that would erase iconic logos like Marlboro’s red-and-white chevron from store shelves.



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IMF Boosts Asia Growth Forecast

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The IMF expects Asia’s economic growth this year and next to be slightly higher than its recent estimates because of upward revisions to Singapore’s forecasts, but cautioned Asian policy makers to guard against potential bubbles in local asset markets.



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Sateri Plans Hong Kong IPO

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Wood-based specialty cellulose manufacturer Sateri International Group plans to raise US$1 billion in a Hong Kong initial public offering in the second half of the year.



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Honda Boosts Buyer Incentives

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Honda Motor has boosted buyer incentives in the U.S. to spur sales after an uneven first quarter, bringing it closer to the industry average for such offers.



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