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Oil gains on hurricane concerns |
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Wednesday, 27 August 2008 |
OIL prices swung higher yesterday as Hurricane Gustav struck Haiti, raising concerns that the storm could slam into major oil operations in the Gulf of Mexico.
However, the price rise was tempered by a stronger...
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China to Alter Insurers' Rules |
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Wednesday, 27 August 2008 |
Chinese regulators will give the nation's insurers greater leeway to invest in real estate, a move that could help these big investors diversify their holdings and could open a new source of capital for the weakened domestic property market.
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Woolworths eyes 10 years of profit |
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Wednesday, 27 August 2008 |
WOOLWORTHS Ltd, Australia's biggest retailer, forecast its 10th straight year of earnings growth above 10 percent as it continues to boost profit margins and take market share from second-ranked Wesfarmers Ltd.
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US stocks end mixed on higher oil |
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Wednesday, 27 August 2008 |
WALL Street ended mixed yesterday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about rising...
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Foster's reports loss after writing down wine value |
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Wednesday, 27 August 2008 |
FOSTER'S Group Ltd, Australia's biggest beer and wine maker, has posted its first loss in 16 years after writing down the value of its global wine business by A$602.9 million (US$517 million).
The world's second-largest...
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HP completes purchase of Electronic Data Systems |
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Wednesday, 27 August 2008 |
U.S. computer maker Hewlett-Packard said Tuesday that it has completed the 13.9-billion-dollar purchase of Electronic Data Systems, the company's biggest acquisition since it took over Compaq for nearly 20 billion dollars in 2002.• Yahoo, Intel, HP team up for new era computing research
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Citigroup purge to include BlackBerries |
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Wednesday, 27 August 2008 |
CITIGROUP Inc, the biggest United States bank, will ban off-site meetings among its own employees and cut back on color photocopying as part of a plan to clamp down on expenses as investment banking revenue declines.
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UK housing anchored in doldrums |
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Wednesday, 27 August 2008 |
MORTGAGE approvals in the United Kingdom remained close to the lowest level in at least 11 years last month as property values slumped, a report by the British Bankers Association showed.
Banks granted 22,448 loans...
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BT mulls sale of Tech Mahindra stake |
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Wednesday, 27 August 2008 |
BT is considering the sale of its 31 per cent stake in Tech Mahindra, the India-listed software services firm, having decided that the holding does not fit its long-term strategy
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BT looks to ditch Indian stake |
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Wednesday, 27 August 2008 |
BT is considering the sale of its 31 per cent stake in Tech Mahindra, the India-listed software services firm, having decided that the holding does not fit its long-term strategy
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BBI cuts dividend to reduce debt pile |
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Wednesday, 27 August 2008 |
Babcock & Brown Infrastructure became the latest Australian investment fund to announce that it would slash dividends and speed up the selling of assets to pay down debt after its share price lost 58 per cent this year
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J.P. Morgan Clarifies Report on China |
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Wednesday, 27 August 2008 |
A J.P. Morgan analyst said a market-moving report last week about a possible China stimulus package was the product of his own research, not a government leak.
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Industry News 