Roundup November 4

• Source: Global Times
• [01:43 November 04 2009]
• Comments

Antitrust law violation

An Indonesian watchdog ruled Tuesday that a subsidiary of French supermarket chain Carrefour violated anti-monopoly rules and ordered it to sell its stake in a local retailer.

Gradual recovery

The eurozone economy is to recover gradually in coming years, reaching 0.7 percent in 2010 and 1.5 percent in 2011, with unemployment hitting 10.7 percent and 10.9 percent respectively, the European Commission said Tuesday.

Workforce slashed

Johnson & Johnson said yesterday it will slash between 6 and 7 percent of its global workforce in a bid to cut costs.

Mega oil deal

Iraq Tuesday formally signed a deal worth $14-20 billion with Britain's BP and China's CNPC to almost triple production at a giant southern oilfield, the AFP reported.

Agencies