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Archive for April 2nd, 2008Vivendi raises 1.4 bln dlrs via bond issuePosted by UK Economy News
In UK financial news
2Apr 08 French media and telecommunications group Vivendi said on Wednesday it had raised 1.4 billion dollars (900 million euros) via an issue of five- and 10-year bonds.
Read full story Microsoft wins international standard status for Office suitePosted by UK Economy News
In UK financial news
2Apr 08 US software giant Microsoft has won recognition for its key Office software package format as an international standard, the body charged with regulating such matters said on Wednesday.
Read full story Comments Off Subprime hit German bank WestLB posts loss of 1.6 billion eurosPosted by UK Economy News
In UK financial news
2Apr 08 The German regional public bank WestLB posted on Wednesday a 2007 net loss of 1.6 billion euros (2.5 billion dollars) as a result of global financial turmoil and stock trading losses.
Read full story Comments Off UBS not at risk of takeover, bankruptcy, minister assuresPosted by UK Economy News
In UK financial news
2Apr 08 Huge writedowns by UBS bank signal a subprime recovery point for Swiss banking, commentators said here on Wednesday and the finance minister assured that the bank faced neither bankruptcy nor takeover.
Read full story Comments Off Oil prices hit 102 dollars per barrelPosted by UK Economy News
In UK financial news
2Apr 08 World oil prices rose on Wednesday, snapping a three-day run of losses to breach 102 dollars per barrel as traders looked to fresh supply news in key crude producer Nigeria.
Read full story Comments Off Euro climbs on Weber commentsPosted by UK Economy News
In UK financial news
2Apr 08 The euro rose on Wednesday as dealers digested a warning from European Central Bank governor Axel Weber that ongoing financial markets turmoil may not be over yet and that inflation remained a concern.
Read full story Comments Off Visa says its transaction fees fully justifiedPosted by UK Economy News
In UK financial news
2Apr 08 Visa Europe's charges for cross-border consumer payment card transactions are justified in terms of costs and benefits, the company said on Wednesday.
Read full story Comments Off Google exec to become EMI digital music presidentPosted by UK Economy News
In UK financial news
2Apr 08 Google has lost another member of its executive team as Chief Information Officer Douglas Merrill is leaving to join music company EMI.
Read full story Comments Off Imperial Energy drops debt planPosted by UK Economy News
In UK financial news
2Apr 08 Russia-focused oil firm Imperial Energy Corp has ditched a planned debt financing due to the problems in credit markets, and said it will likely issue up to $600 million (302 million pounds) in shares, sending its stock into freefall.
Read full story Comments Off EU regulators launch in-depth probe of Northern Rock bailoutPosted by UK Economy News
In UK financial news
2Apr 08 The European Commission said Wednesday it had launched an in-depth state-aid investigation into British authorities' bailout of the recently nationalised British bank Northern Rock.
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