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| 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... |
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Shares in Adidas AG rallied
Tuesday after the German sporting goods-to-fashion group reported a
12-per-cent rise in second-quarter net profit after the European
football championships and the Beijing Olympics boosted sales.
The world's second biggest sports equipment maker said net earnings in
the latest quarter rose to 116...
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On-going financial woes
related to the US sub-prime mortgage crisis which have put pressure on
several Hong Kong banks dragged the benchmark Hang Seng index down 2.51
per cent to fall below 22,000 points Tuesday. The index fell 565 points to close at 21,949.75 points. Turnover was 63.99 billion Hong Kong dollars (8.2 billion US...
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The Italian-owned bank
HypoVereinsbank said Monday it had bounced back into the black during
the second-quarter despite the on-going global financial market
tensions. The Munich-based offshoot of Unicredit,
HypoVereinsbank reported that second-quarter net profit came in at 476
million euros (741.32 million dollars) compared to a...
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The world's largest computer chipmaker, Intel
Corp, is launching a new set of graphic chips for video games to take
on specialists like Nvidia and ATI. The Larrabee graphics
processor should allow new possibilities in the design of
high-resolution games. It will be the first in a series of chips with a
large number of processor...
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Singapore Airlines (SIA) is
increasing its A380 services on the Singapore-London route to 'double
daily' starting September 20, the carrier said on Wednesday. The second flight of the superjumbo will depart Singapore as SQ318, and return from London as SQ321. A third daily flight will continue to be operated by a Boeing 747-400...
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Mitsubishi Fuso, the
Japanese truckmaker, boosted European sales to a record 9,900 vehicles
in the first half of the year after setting up sales operations in
seven new markets, owner Daimler said Wednesday. The Kawasaki, Japan company exports its small Fuso Canter delivery truck to Europe.
This year it has set up dealerships...
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Tokyo Electric Power Co
(TEPCO) on Monday said it expected a net loss of 280 billion yen (2.6
billion dollars) due to surging oil prices and costs of procurement
from other power suppliers. The company's Kashiwazaki-Kariwa
nuclear power station, which is the world's largest by output capacity,
has been suspended since an...
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European aircraft
manufacturer Airbus delivered the first A380 from its Hamburg plant
Monday, handing over the superjumbo jet to Dubai's Emirates airline at
a colourful ceremony attended by the chief executives of the two
companies and hundreds of staff. The aircraft is the first of
58 ordered by Emirates, which is to date the...
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Europe's biggest carmaker Volkswagen AG said
Thursday it had received the green light from anti-trust authorities
for its 2.8-billion euros (4.4-billion dollars) bid to take majority
control of giant Swedish truck manufacturer Scania AB.
Approval for the German-based VW's move to acquire the majority stake
in Scania was required...
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Swedish home appliance maker Electrolux on
Thursday reported a strong drop in second-quarter results 2008, citing
weaker sales in North America and Western Europe. The group
posted a pre-tax profit of 140 million kronor (23 million dollars),
down some 80 per cent from a pre-tax profit of 752 million kronor for
the corresponding...
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| 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 |
------ |
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| 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 |
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 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...
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