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Archive for December 25th, 2007Chile’s Escondida to appeal labour directivePosted by UK Economy News
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25Dec 07 Chile's Escondida, the world's largest copper mine, has appealed a government directive requiring it to hire hundreds of non-union workers on a permanent basis, the El Mercurio newspaper reported on Tuesday.
Read full story Renault to pay 1.3 bln dollars for Avtovaz stake: reportPosted by UK Economy News
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25Dec 07 Renault will spend 1.3 billion dollars for a 25-percent stake in Russia's largest auto firm Avtovaz, a Russian paper reported Tuesday, giving details of the financial package for the first time.
Read full story Comments Off Japan’s Itochu says bought US power stationPosted by UK Economy News
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25Dec 07 Japanese trading house Itochu Corp., seeing future growth in the United States, said Tuesday it had bought a power station in the southeastern state of Virginia.
Read full story Comments Off All business-class airline Maxjet declares bankruptcyPosted by UK Economy News
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25Dec 07 Maxjet, a two-year-old company that touted itself as the first low-fare business class airline, has declared bankruptcy due to rising fuel costs, its president said.
Read full story Comments Off Russia’s Rusal seeks to buy stake in Norilsk NickelPosted by UK Economy News
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25Dec 07 Rusal, the world's biggest aluminium producer, on Tuesday announced the purchase of a two-percent share in top nickel producer, Norilsk Nickel, as part of its bid to buy up the company.
Read full story Comments Off Tokyo threatens to delist Sanyo over accountingPosted by UK Economy News
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25Dec 07 Troubled Japanese electronics manufacturer Sanyo Electric was Tuesday threatened with delisting from the Tokyo Stock Exchange after it corrected six years of earnings reports.
Read full story Comments Off UAE attracted 18.7 bln dlrs in direct investment in 2006Posted by UK Economy News
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25Dec 07 The booming economy of the United Arab Emirates attracted 18.7 billion dollars in foreign direct investments in 2006, up 10.8 percent from the previous year, the local press reported on Tuesday.
Read full story Comments Off Desperate Zimbabweans queue for cashPosted by UK Economy News
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25Dec 07 Zimbabweans desperate to get their hands on scarce local currency spent Tuesday lining up by cash dispensing machines after plans for banks to open on Christmas Day were scrapped.
Read full story Comments Off Russian bank investing in London property: Russian dailyPosted by UK Economy News
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25Dec 07 Russia's second largest bank is investing some 260 million dollars (181 million euros) in a residential development project in London, the RBK business daily reported on Tuesday, citing lawyers.
Read full story Comments Off Toyota sees bright future as world number onePosted by UK Economy News
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25Dec 07 Japan's Toyota Motor Corp. on Tuesday predicted further robust growth in 2008 after racing past US rival General Motors this year to become the world's top producing automaker.
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