BREAKING NEWS

2008-08-06

Business

Stagnant UK economy complicates interest rate decision

The Bank of England has begun a difficult two-day interest rate meeting as the British economy has almost ground to a halt and consumer confidence

The Bank of England has begun a difficult two-day interest rate meeting as the British economy has almost ground to a halt and consumer confidence

Business

Xstrata bids for Lonmin

Anglo-Swiss mining company Xstrata has launched a hostile 6.3 billion euro takeover bid for the world’s third-biggest platinum producer, Lonmin. It

Anglo-Swiss mining company Xstrata has launched a hostile 6.3 billion euro takeover bid for the world’s third-biggest platinum producer, Lonmin. It

Business

OMV abandons MOL bid

Austrian oil and gas group OMV has called off its unsolicited 15 billion euro bid for its Hungarian rival MOL. It said that was because conditions

Austrian oil and gas group OMV has called off its unsolicited 15 billion euro bid for its Hungarian rival MOL. It said that was because conditions

Business

European shares rise on Wednesday

European stocks ended the session higher on Wednesday, up for a second day. Xtrata’s bid for Lonmin triggered a rally in mining shares. Lonmin jumped

European stocks ended the session higher on Wednesday, up for a second day. Xtrata’s bid for Lonmin triggered a rally in mining shares. Lonmin jumped

News

Military seize power in Mauritania

There has been a military coup in Mauritania. The army says it has overthrown the President and set up a State Council – headed by the former chief

There has been a military coup in Mauritania. The army says it has overthrown the President and set up a State Council – headed by the former chief