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Archive for January 6th, 2008Commodity price surge powered by supply-demand tensionPosted by UK Economy News
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6Jan 08 The fever sending raw material prices ever higher seems sure to spread to agricultural commodities, where markets are already feeling the effects of increased export taxes on cereals in China and Russia, strong global demand, a grim harvest in Australia and stepped-up speculation.
Read full story Bill Gates headlines consumer electronics tradeshowPosted by UK Economy News
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6Jan 08 Microsoft co-founder Bill Gates was to deliver the keynote speech Sunday at the opening of world's largest consumer electronics tradeshow, featuring the latest in smart cars, robotic massages and other innovative gadgetry.
Read full story Comments Off Business doubts impact of new laws in chaotic China: analystsPosted by UK Economy News
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6Jan 08 Two landmark laws that have just gone into effect in China look to drastically alter the business environment, but the reality may turn out to be different, analysts said.
Read full story Comments Off Goldman close to completing Northern Rock financingPosted by UK Economy News
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6Jan 08 Goldman Sachs is close to completing a 15 billion pound financing package to be used by suitors for lender Northern Rock , the Sunday Times reported, adding details may be unveiled this week.
Read full story Comments Off Dubai’s Emirates ready to sell Sri Lanka Airlines stakePosted by UK Economy News
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6Jan 08 Emirates Airlines Sunday announced it was willing to sell all or part of its near 44 percent stake in Sri Lanka's national carrier after terminating its management contract with the carrier.
Read full story Comments Off Bill Gates headlines consumer electronics tradeshowPosted by UK Economy News
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6Jan 08 Microsoft co-founder Bill Gates will deliver the keynote speech Sunday at the opening of world's largest consumer electronics tradeshow, featuring the latest in smart cars, robotic massages and other innovative gadgetry.
Read full story Comments Off Credit Suisse banking group faces further write-offs: reportPosted by UK Economy News
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6Jan 08 Credit Suisse faces a fresh assets write-off of 2.5 billion Swiss francs (1.5 billion euros, 2.3 billion dollars) from the US sub-prime crisis, Sonntag newspaper reported Sunday.
Read full story Comments Off Anglo-American may puts off plans to sell TarmacPosted by UK Economy News
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6Jan 08 Mining group Anglo American has postponed plans to sell its 3 billion-pound Tarmac road-covering business until turmoil on capital markets eases, Sunday Telegraph reported.
Read full story Comments Off Air China parent group to increase offer for China EasternPosted by UK Economy News
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6Jan 08 Air China's parent firm said Sunday it would make a higher offer for a share of China Eastern Airlines than rival Singapore Airlines had agreed to, as the battle for the Shanghai-based carrier raged on.
Read full story Comments Off Goldman close to completing Rock financingPosted by UK Economy News
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6Jan 08 Goldman Sachs is close to completing a 15 billion pound financing package to be used by suitors for lender Northern Rock , the Sunday Times reported, adding details may be unveiled this week.
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