Brazil files WTO complaint against US
The Brazilian government has complained against the US at the World Trade Organisation (WTO) over the subsidies that Washington granted its agricultural producers from 1999 to 2005.

Brazil contends that annual subsidies over that period were above the $19 billion which the US is allowed to give according to WTO rules, the Brazilian daily Folha de Sao Paulo reported.

Subsidies decreased in 2006 to about $11 billion. Roberto Azevedo, in charge of economics and technology at the Brazilian Foreign Ministry, said the reduction was due to an increase in the price of agricultural products last year.
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Carl Icahn considering hostile bid for Samsung Electronics
Seoul: US investor Carl Icahn is said to be planning a hostile takeover bid for Samsung Electronics Co, South Korean newspapers reported on Friday.

In response to the report Samsung executives claimed to have no knowledge of such a bid but said they had strategies combat hostile takeover bids.

Samsung Electronics is South Korea's most valuable company with a market capitalisation of 95.2 trillion won ($103.7 billion; euro75.3 billion) as of the close of trading Thursday. Foreign investors owned 49 percent of its shares at the end of the session.
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