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Archive for November 19th, 2007Uncertainty surrounds Spanish takeover offer for IberiaPosted by UK Economy News
In UK financial news
19Nov 07 Uncertainty clouded a bid by a group of Spanish investors for Spain's flag carrier Iberia Monday after Basque bank BBK said it was still deciding if it would participate and investment fund Omega Capital said it was not involved in the deal.
Read full story Steelmakers warn BHP-Rio Tinto deal would create ‘virtual monopoly’Posted by UK Economy News
In UK financial news
19Nov 07 A proposed merger between mining giants BHP Billiton and Rio Tinto would create a "virtual monopoly," a steelmakers' association warned Monday, urging antitrust watchdogs to block the deal.
Read full story Comments Off BHP-Rio merger could create monopoly: Chinese bodyPosted by UK Economy News
In UK financial news
19Nov 07 Resource-hungry China fears a proposed merger between Australian mining giant BHP Billiton and British-based Rio Tinto would create an iron-ore monopoly, the China Iron and Steel Association said Monday.
Read full story Comments Off Oil prices rally after OPEC summitPosted by UK Economy News
In UK financial news
19Nov 07 World oil prices extended gains Monday amid tight crude supplies heading into the northern hemisphere winter, traders said.
Read full story Comments Off Dollar steady amid US rate concernsPosted by UK Economy News
In UK financial news
19Nov 07 The dollar was mixed on Monday in the wake of soft economic news from the United States as investors pondered the outlook for interest rates in the world's biggest economy, dealers said.
Read full story Comments Off OPEC leaves dollar, output questions danglingPosted by UK Economy News
In UK financial news
19Nov 07 OPEC leaders ended their summit clearly divided on key issues, leaving open questions about the use of the waning dollar for oil trading and the cartel's willingness to increase production.
Read full story Comments Off Northern Rock shares dive 23 percent on bid newsPosted by UK Economy News
In UK financial news
19Nov 07 The share price of Northern Rock tumbled almost a quarter in value Monday after the beleaguered British bank said takeover proposals received undervalued the company.
Read full story Comments Off Olympus to boost surgery with Gyrus dealPosted by UK Economy News
In UK financial news
19Nov 07 Japan's Olympus has agreed to buy British keyhole surgery specialist Gyrus Group for 935 million pounds in cash to bolster its position in the medical tools market.
Read full story Comments Off Reinsurance group Swiss Re predicts billion dollar lossesPosted by UK Economy News
In UK financial news
19Nov 07 The world's largest reinsurance group, Swiss Re, predicted Monday losses of 1.2 billion Swiss francs (1.07 billion dollars, 732 million euros) due to the US subprime mortgage crisis.
Read full story Comments Off Chinese banks look to invest in Standard Chartered: reportPosted by UK Economy News
In UK financial news
19Nov 07 China's three leading banks have approached Temasek, Singapore's state investment agency, over the acquisition of its stake in Standard Chartered, the emerging-markets lender, the Financial Times said Monday.
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