|
|
| Giant miner BHP drops Rio Tinto takeover bid |
Sydney - Anglo-Australian mining company BHP Billiton Ltd said Tuesday the global financial crisis had caused it to abandon a 20-billion-US-dollar takeover bid for rival Rio Tinto Ltd.
"While we have not changed our view of the basic industrial logic of the combination, or of the longer term prospects for natural resource demand growth driven by emerging... |
 |
|
|
|
| |
| |
 |
|
An India-based group with interests in the information-communication technology sector is setting up its global headquarters in Singapore, armed with a 200-million-US-dollar war chest, news reports said Friday.
The city-state was picked because of its proximity to the fast- growing "Israel-to-Indonesia" market, The Business...
|
|
|
German travel and shipping giant TUI AG said Thursday it had slumped into a loss during the second quarter despite a solid performance by its container ship operations.
The smaller-than-forecast 55.6-million-euro (82.7-million-dollar) quarterly loss compared to a profit of 58.9 million euros in the same period last year.
Announcing...
|
|
|
The SAS Group, the operator of the joint carrier Scandinavian Airlines, reported a second-quarter pre-tax loss over record high fuel costs and overcapacity, the group said Thursday as it announced new belt-tightening measures.
The SAS Group posted a second-quarter pre-tax loss of 106 million kronor (16.8 million dollars) compared to a...
|
|
|
General Motors Wednesday announced plans to invest 445 million dollars to build a new diesel engine plant in Thailand and to upgrade its existing vehicle assembly plant.
The diesel engine plant, GM's first in South-East Asia, is to be located in Rayong province, eastern Thailand, where the US automotive giant has been operating an...
|
|
|
Family-owned Danish toy company Lego on Tuesday reported higher sales and doubled earnings for the first six months of 2008.
Pre-tax profit doubled to 564 million kroner (113 million dollars), compared to 212 million kroner for the corresponding business period 2007.
Sales surged 20 per cent to 3.55 billion kroner, the group...
|
|
|
The assets of Hong Kong budget airline Oasis, which collapsed in April, will go on sale Tuesday, the company organising the auction confirmed Monday.
The assets, divided into 50 lots, include aviation gear and spares and a virtual simulator used to train pilots alongside cabin furnishings such as cabinets, seats and head...
|
|
|
Spain's second-biggest airline Spanair will cut its staff by about a quarter to 3,000 in reaction to rising fuel prices and the global airline crisis, the carrier said Friday.
Spanair will also cancel nine routes, reduce flights on some other routes and trim its fleet by 15 planes or 24 per cent. Operative bases will be reduced from...
|
|
|
Turnover and profits increased in second-quarter 2008, shipbuilding group Aker Yards said Friday attributing the development to increased activity at its yards.
Earnings before interest, taxes, depreciation and amortization (EBITDA) totalled 72 million kroner (13.8 million dollars). In the corresponding business period of 2007 the...
|
|
|
Britain's competition watchdog, the Office of Fair Trading (OFT), Thursday brought charges against four past and present British Airways (BA) executives over price-fixing on fuel surcharges.
The probe would be the first to threaten managers at a leading multinational company with jail, the Financial Times said Thursday. Conviction...
|
|
|
German sports goods-to-fashion group Puma AG reported Thursday a modest rise in second-quarter earnings ahead of this week's opening of the Beijing Olympics.
Puma said net profit rose to 45.6 million euros (70.5 million dollars) compared to 45.2 million euros in the same quarter last year on the back of strong sales growth in the...
|
|
|
|
 |
| Currency |
USD |
EUR |
GBP |
YEN |
| USD |
------ |
0.787 |
0.670 |
93.525 |
| EUR |
1.271 |
------ |
0.852 |
118.837 |
| GBP |
1.492 |
1.174 |
------ |
139.549 |
| YEN |
0.011 |
0.008 |
0.007 |
------ |
|
| |
|
|
| Symbol | Last | Change | | Dow | 14,047.31 |  40.24 (0.29%) | | Nasdaq | 2,747.11 |  6.12 (0.22%) | | S&P 500 | 1,546.63 | 0.41 (0.03%) | | 10-Yr Bond | 4.529%
| 0.028 | | NYSE Volume | 3,112,411,000 | | Nasdaq Volume | 1,795,889,000 |
|
| |
|
|
 New BMW-6 Series Coupe and convertible
BMW has launched a convertible and new coupe of the 6-Series
featuring several advanced drive technologies and driver assistance
safety systems.
Both the coupe...
|
|
|
|
| |
|
