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Archive for August 24th, 2008Kuwait’s NBK opens first branch in DubaiPosted by UK Economy News
In UK financial news
24Aug 08 The National Bank of Kuwait, the Gulf emirate's largest bank, announced on Sunday the opening of its first branch in the booming emirate of Dubai.
Read full story BHP Billiton chief says investors ‘on the sideline’ over Rio bidPosted by UK Economy News
In UK financial news
24Aug 08 Investors were sitting on the sidelines as they waited for the world's largest mining company BHP Billiton to overcome regulatory hurdles in its hostile takeover of rival Rio Tinto, BHP said Sunday.
Read full story Comments Off Australia approves Chinalco stake in RioPosted by UK Economy News
In UK financial news
24Aug 08 The Australian government approved on Sunday the purchase of up to 14.99 percent of the shares in Rio Tinto Ltd by China's state-owned Aluminium Corp of China (Chinalco).
Read full story Comments Off Kuwait launches IPO for third mobile companyPosted by UK Economy News
In UK financial news
24Aug 08 Kuwait on Sunday launched an initial public offering (IPO) for the emirate's third mobile phone company which is expected to start operating later this year, officials said.
Read full story Comments Off ‘Made in China’ brand reaps Olympic dividendPosted by UK Economy News
In UK financial news
24Aug 08 The Olympics had a negligible direct impact on China's economy, but analysts say the near flawless organisation of the Games was a priceless 17-day advertisement for the "Made in China" brand.
Read full story Comments Off Chavez reopens talks after seizing Mexican cement firmPosted by UK Economy News
In UK financial news
24Aug 08 President Hugo Chavez said he agreed to reopen negotiations with Cemex at the urgings of Mexican President Felipe Calderon, after he nationalized the Mexican cement company for resisting his takeover bid.
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