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Archive for May 4th, 2008Asia fears rising poverty, social unrest from soaring food pricesPosted by UK Economy News
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4May 08 Soaring food prices could push millions of people in Asia back into poverty and lead to social unrest, regional leaders warned Sunday at the Asian Development Bank's annual meeting in Spain.
Read full story Buffett’s Berkshire to look at RBS insurance unitPosted by UK Money News
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4May 08 Warren Buffett said on Sunday his Berkshire Hathaway Inc insurance and investment company may be "close" to buying a medium-sized British company and "will look" at Royal Bank of Scotland Plc's possible divestiture of its insurance unit.
Read full story Comments Off United Airlines considers US Airways match-up: WSJPosted by UK Economy News
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4May 08 UAL Group, parent company of United Airlines, is looking at a possible merger with US Airways after its advances to Continental Airlines fell flat, The Wall Street Journal online reported Sunday.
Read full story Comments Off France meeting deficit target: ministerPosted by UK Economy News
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4May 08 France will meet its target of a public sector deficit of 2.5 percent of gross domestic product this year without raising taxes despite pressures on the economy, Budget Minister Eric Woerth promised Sunday.
Read full story Comments Off Asian nations agree to set up crisis fundPosted by UK Economy News
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4May 08 Finance ministers of 13 Asian nations agreed here on Sunday to set up a foreign exchange pool of at least 80 billion dollars (52 billion euros) to be used in the event of another regional financial crisis.
Read full story Comments Off Google wins from end of Microsoft-Yahoo affair: analystsPosted by UK Economy News
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4May 08 Microsoft's failed attempt to buy Yahoo will send it searching for new allies and likely see Yahoo's share price plummet, leaving Internet giant Google the big winner, analysts said.
Read full story Comments Off Dissident Yahoo shareholder plans vote campaignPosted by UK Economy News
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4May 08 Dissident Yahoo Inc shareholder Eric Jackson said on Sunday he plans to launch a campaign urging Yahoo shareholders to withhold their votes from all Yahoo directors at the company's annual meeting, because the company failed to cut a deal with Microsoft Corp.
Read full story Comments Off TextPosted by UK Economy News
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4May 08 (Reuters) - Microsoft Corp walked away from its bid to buy Yahoo on Saturday after the Internet company turned down its offer to raise the price by $5 billion (2.53 billion pounds) to $47.5 billion.
Read full story Comments Off Barclays reportedly eyes possible Korea investorPosted by UK Economy News
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4May 08 Barclays has held talks with an investment fund backed by the Korean government as it explores options for raising billions of pounds of fresh capital, the Sunday Telegraph said.
Read full story Comments Off Daimler mulls Jaguar and Land Rover cooperationPosted by UK Economy News
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4May 08 Daimler Chief Executive Dieter Zetsche would be interested in a cooperation with carmakers Jaguar and Land Rover, according to a report in a German trade magazine.
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