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Archive for February 10th, 2008Glencore concerned on Xstrata mergerPosted by UK Economy News
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10Feb 08 Xstrata shareholder Glencore is concerned about the terms of a proposed 50 billion pound ($97.5 billion) merger between Xstrata and Brazilian miner Vale , The Sunday Telegraph reported.
Read full story Three banks offer to securitize N.Rock loanPosted by UK Economy News
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10Feb 08 Royal Bank of Scotland, Barclays and Citigroup have offered to securitize half of the Bank of England's emergency loan to Northern Rock, The Sunday Telegraph reported, without citing sources.
Read full story Comments Off Setanta prepares for takeover bidsPosted by UK Economy News
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10Feb 08 Setanta Sports, the Irish broadcaster of Premier League football, is preparing for a string of takeover bids after a European rival lodged an unsolicited offer of more than 1 billion pounds, The Sunday Telegraph reported.
Read full story Comments Off Russia hints sovereign wealth funds to invest in JapanPosted by UK Economy News
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10Feb 08 Russian sovereign wealth funds may start investing in Japanese financial products, Finance Minister Aleksey Kudrin told his Japanese counterpart Fukushiro Nukaga on Sunday.
Read full story Comments Off Rio urges shareholders to take no action on BHP bidPosted by UK Economy News
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10Feb 08 The chairman of mining company Rio Tinto wrote to shareholders on Sunday, urging them to take no action on a bid for the company by rival miner BHP Billiton .
Read full story Comments Off FactboxPosted by UK Economy News
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10Feb 08 (Reuters) - In less than 70 years, Toyota Motor went from being a tiny spin-off of a textile loom maker to the world's biggest automaker, guided by a culture of "kaizen", or continuous improvement and a tireless effort to eliminate waste.
Read full story Comments Off TimelinePosted by UK Economy News
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10Feb 08 (Reuters) - Seventy years since its founding, Toyota Motor Corp is at the pinnacle of the global auto industry, having overtaken Ford Motor Co and General Motors Corp in vehicle sales.
Read full story Comments Off Toyota finds success is a bitter-sweet pillPosted by UK Economy News
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10Feb 08 General Motors Corp CEO Rick Wagoner boasts about the number of markets where the U.S. automaker is number one.
Read full story Comments Off As US recession looms, analysts debate severityPosted by UK Economy News
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10Feb 08 As the grim notion of recession appears to be taking hold in the United States, debate among economists is shifting from whether a downturn will occur to how long and how severe the slump will be.
Read full story Comments Off New twists ahead in France’s rogue trader sagaPosted by UK Economy News
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10Feb 08 A new court battle will be held Monday over the detention of French rogue trader Jerome Kerviel while Societe Generale is to soon launch an eight billion dollar capital increase to cover the losses they blame on him.
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