IN BRIEF (Page 16)

Deloitte to help Oz racing industry

Deloitte Touche Tohmatsu set up a taskforce to help Australia's horseracing industry cope with the equine flu outbreak that prompted the government to cancel races and ban the movement of horses in some states.

Sasol plans sale of 10% stake to black investors

Sasol Ltd, the world's largest producer of motor fuel from coal, said it will sell a 10 percent stake to black investors in South Africa's largest redistribution of wealth to the black majority.

European tech firm, Google join forces

Cap Gemini SA, Europe's largest provider of computer services, agreed to offer its clients Google Inc's collection of Web-based programs, which compete with Microsoft Corp products.

Alstom exec, former Elf CEO Jaffre dies at 62

Alstom SA Executive Vice-President Philippe Jaffre died last week at the age of 62, the company announced on Sunday.

Business International

IN BRIEF (Page 16)

'US downturn imperils global growth'

This time, when the United States sneezes, the rest of the world may well catch a cold.

Business International

Chung stays out of jail, but at a price

Hyundai Motor Co Chairman Chung Mong-koo (left), convicted of embezzlement in February, won a suspension of his prison sentence, contingent upon his promise to donate 1 trillion won ($1 billion) to charity.

Milestones in checkered career

1970: Chung joins Hyundai Motor as a director at the Seoul office.

Russian firms may catch up with Total, Exxon

Russian oil stocks, left behind in the global industry rally, are now set to outpace such competitors as Exxon Mobil Corp and BP Plc in the second half of the year.