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Archive for January 20th, 2008Schroders to launch one billion pound property fundPosted by UK Money News
In UK financial news
20Jan 08 Asset management firm Schroders is set to launch a new 1 billion pound fund to take advantage of a slump in commercial property prices, a newspaper reported on Sunday.
Read full story UBS shareholder said wants leadership change votePosted by UK Money News
In UK financial news
20Jan 08 Shareholder advocacy group Ethos wants shareholders to be given the opportunity to vote for a new UBS chairman, Ethos head Dominique Biedermann was quoted as saying in an interview published on Sunday.
Read full story Comments Off Two Chinese car models get EU sale approvalPosted by UK Economy News
In UK financial news
20Jan 08 Two models built by Chinese carmakers have been approved to go on sale in Europe, paving the way to launch them next month, industry paper Automotive News Europe reported on Saturday.
Read full story Comments Off India software giants wary of US slowdownPosted by UK Economy News
In UK financial news
20Jan 08 India's major software firms say a US economic slowdown may bring more customers seeking cost savings, but analysts warn that the once red-hot sector faces tough times in 2008.
Read full story Comments Off Myanmar auctions gems, jade despite boycott calls: reportPosted by UK Economy News
In UK financial news
20Jan 08 Myanmar's military government sold 600 lots of gems and jade at a recent auction, state media said Sunday, earning much-needed foreign income for the isolated junta as it faces stiff economic sanctions.
Read full story Comments Off Myanmar auctions gems, jade despite boycott calls: reportPosted by UK Economy News
In UK financial news
20Jan 08 Myanmar's military government sold 600 lots of gems and jade at a recent auction, state media said Sunday, earning much-needed foreign income for the isolated junta as it faces stiff economic sanctions.
Read full story Comments Off Rio Tinto boss says BHP Billiton’s bid catalyst for changePosted by UK Economy News
In UK financial news
20Jan 08 Mining giant BHP Billiton's takeover battle for rival Rio Tinto has sped change within the smaller company, its chief executive said at the weekend, as Rio's stock soared on rumours of an improved offer from the world's biggest miner.
Read full story Comments Off Chinese feel pain as Beijing revalues currencyPosted by UK Economy News
In UK financial news
20Jan 08 As China gradually relaxes its controls on its currency, few stand to lose as much as Wu Xiao, a Shanghai black market money changer who may soon be out of a job.
Read full story Comments Off Air China parent to confirm China Eastern bid: reportPosted by UK Economy News
In UK financial news
20Jan 08 Shares in Air China will be suspended in Shanghai and Hong Kong from Monday, as its parent company gets ready to bid for a stake in rival China Eastern, a newspaper report said Sunday.
Read full story Comments Off Fujitsu to spin off chip business: reportsPosted by UK Economy News
In UK financial news
20Jan 08 Japanese electronics giant Fujitsu Ltd. plans to spin off its semiconductor business into a separate company as part of efforts to reduce costs, news reports said Sunday.
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