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Archive for July 7th, 2008Eurozone finance ministers support ECB after rate hikePosted by UK Economy News
In UK financial news
7Jul 08 Eurozone finance ministers threw their support on Monday behind the European Central Bank after it raised interest rates last week, leaving France isolated in its criticism of the ECB.
Read full story Dollar gets short-lived lift from Bush comments at G8Posted by UK Economy News
In UK financial news
7Jul 08 The dollar traded mixed Monday as markets eyed the possibility of a G8 statement to support the US currency, while weak economic data from Germany and Britain temporarily depressed the euro.
Read full story Comments Off Microsoft willing to restart Yahoo talksPosted by UK Economy News
In UK financial news
7Jul 08 Microsoft said on Monday it would be willing to reopen talks to buy all or part of Yahoo , but only if a new Yahoo board is elected -- a big boost for financier Carl Icahn's board slate.
Read full story Comments Off Obama, McCain join battle over economyPosted by UK Economy News
In UK financial news
7Jul 08 White House foes Barack Obama and John McCain Monday feuded over the limping US economy, each searching for an edge on a potentially defining campaign issue, four months before the election.
Read full story Comments Off Anheuser-Busch blasts ’self-serving’ hostile move by InBevPosted by UK Economy News
In UK financial news
7Jul 08 US beer giant Anheuser-Busch said Monday a move by Belgian-Brazilian rival InBev to oust the board of the American group was a "self-serving" effort that failed to alter an inadequate takeover bid.
Read full story Comments Off InBev nominees to Bud board bring deal experiencePosted by UK Economy News
In UK financial news
7Jul 08 InBev has assembled a team of U.S. business leaders with varied experience in corporate buyouts in a bid to replace the board of Anheuser-Busch with directors more disposed to doing a deal.
Read full story Comments Off Oil prices fall heavily as Iran tensions easePosted by UK Economy News
In UK financial news
7Jul 08 Oil prices fell sharply Monday in a move some traders attributed to an ease in geopolitical tensions related to Iran's nuclear program and a strengthening US dollar.
Read full story Comments Off Microsoft willing to restart Yahoo talksPosted by UK Economy News
In UK financial news
7Jul 08 Microsoft on Monday said it would be willing to reopen talks to buy all or part of Yahoo -- but only if a new Yahoo board is elected, a major boost for investor Carl Icahn's board slate.
Read full story Comments Off ChronologyPosted by UK Economy News
In UK financial news
7Jul 08 (Reuters) - Microsoft said on Monday it is ready to resume talks to buy Yahoo, but not with the current leadership, in a boost for activist investor Carl Icahn's proxy fight to replace Yahoo's board of directors.
Read full story Comments Off Russian shareholders fail in bid to oust TNK-BP chiefPosted by UK Economy News
In UK financial news
7Jul 08 Russian shareholders seeking to oust the British chief executive of joint oil venture TNK-BP failed to get enough votes for his dismissal at a board meeting on Monday but vowed to continue fighting.
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