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Archive for January 21st, 2008Getty Images up for sale: reportPosted by UK Economy News
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21Jan 08 Getty Images, the world's biggest supplier of photographs and video material, is for sale and could go for more than 1.5 billion dollars, The New York Times reported Monday.
Read full story Comments Off Foreign companies pour money into China: govtPosted by UK Economy News
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21Jan 08 Foreign firms invested a record 82.7 billion dollars in booming China last year, the government said Monday, with analysts adding the tide of money had undermined efforts to slow economic growth.
Read full story Comments Off Sanyo says selling mobile phone unit to KyoceraPosted by UK Economy News
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21Jan 08 Struggling Japanese electronics maker Sanyo Electric Co. said Monday it has decided to sell its mobile phone production unit to precision equipment maker Kyocera Corp.
Read full story Comments Off Anglo to invest 8.23 billion pounds in Brazil iron orePosted by UK Economy News
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21Jan 08 Mining group Anglo American Plc will invest $16 billion (8.23 billion pounds) through 2017 to boost iron ore output at its Brazilian mines to 100 million tonnes annually, chief executive Cynthia Carroll said Monday.
Read full story Comments Off Weather to drive fuel pricesPosted by UK Economy News
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21Jan 08 The average consumer may think that fuel is expensive, but some in the oil refining industry will disagree.
Read full story Comments Off Mining mega deals could shake up Canadian mine scenePosted by UK Economy News
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21Jan 08 Two potential mega mergers involving four of the world's biggest mining companies could trigger shifts in the Canadian mining landscape, particularly in the nickel hub of Sudbury and the burgeoning northern diamond industry.
Read full story Comments Off Oil falls below $89 as stock markets dropPosted by UK Economy News
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21Jan 08 Oil slid by $2 to a six-week low below $89 a barrel on Monday as stock markets fell and concern mounted over an economic slow-down led by top consumer the United States.
Read full story Comments Off Vale confirms in talks with XstrataPosted by UK Economy News
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21Jan 08 Brazilian mining giant Vale said Monday it has held takeover talks with Anglo-Swiss rival Xstrata, which analysts said could lead to a deal worth more than $100 billion (51.4 billion pounds) and one of the biggest mergers ever.
Read full story Comments Off Oil falls below $89 as stock markets dropPosted by UK Economy News
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21Jan 08 Oil slid by $2 to a six-week low below $89 a barrel on Monday as stock markets fell and concern mounted over an economic slow-down led by top consumer the United States.
Read full story Comments Off Olivant says set to submit proposal for Northern RockPosted by UK Economy News
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21Jan 08 Investment firm Olivant said on Monday it expected to submit a proposal for stricken British mortgage bank Northern Rock Plc by a February 4 deadline.
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