Archives by Month:
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
COO of Renault to step down over espionage claim
The COO of Renault, Patrick Pélata, resigned on Tuesday following an internal and external audit which showed ‘a chain of failures’ in the manner the car manufacturer handled a scandal which alleged industrial espionage by its employees and led to three unjust dismissals. The audit especially blamed ‘the supervision and control of activities of management […]
UK and Dutch to sue Iceland for Icesave money
The Netherlands and Britain are planning to take Iceland to court for refusing to repay money paid to Icesave depositors following the collapse of the country’s banking system in 2008, said chief secretary of the treasury, Danny Alexander. Icelandic voters have rejected the government backed deal to pay back to Britain and the Netherlands $5.8bn […]
Precious metals reach record high in 31 years
Gold futures traded at a new record high on Friday and silver hit $40.04 an ounce for the first time since 1980 as concerns about the dollar weakening draws investors towards precious metals. Gold for June delivery was up $8.60 and hit a trading high of $1.468.30 SPDR Gold Trust, the world’s largest gold-backed ETF […]
Portugal asks for EU bailout
Portugal’s caretaker government under José Sócrates last night requested an EU bailout, making Portugal the third EU member, after Ireland and Greece, to seek financial assistance. The move comes after the country’s long term government bond rating was downgraded by Moody’s on Tuesday by a notch from A3 to BAA1 and the credit agency said Portugal […]
Commerzbank to repay 14.3bn euro aid by June
Commerzbank, Germany’s second largest lender said on Wednesday it plans to repay 14.3bn euro in state aid by June through the sale of new shares and the use of excess capital. The bank said it is to pay back €14.3bn of the €16.2bn in “silent participation”, a type of non-voting capital received by the German government […]
Portugal moves closer to bailout
Portugal’s long term government bond rating has been downgraded by Moody’s by a notch from A3 to BAA1, the credit agency said. Moody’s cautioned that it expects Portugal to have to look for external help to resolve its debt crisis. In a statement the agency said: “The limited migration of the rating to BAA1 in today’s […]
Vodafone to earn €7.95bn from SFR sale
Vodafone shares opened 2 percent higher this morning after the company announced it has agreed to sell its entire 44 percent stake in French mobile phone group SFR to Vivendi for a cash consideration of €7.75bn. The agreement includes a final dividend worth €200 which Vodafone will receive on completion of the transaction. In addition, […]
Xstrata agrees record coal price with Japan
Xstrata, one of the world’s biggest coal exporters, has come to an agreement from today to sell Australian thermal coal to Hiroshima-based Chucogu Electric Power for one year at $129.80 a tonne it was announced. The new benchmark price contracted per tonne, which is around 30 percent up from the previous year, is an all […]
