Finance News, Friday 3rd June 2011
Sony Pictures apologises over latest cyberattack
Sony Pictures Entertainment apologised Saturday over a personal data breach that hackers said involved more than one million passwords- email addresses and other information being stolen.We deeply ... ...Fri 3rd June 2011 - 06:52pm
US icon Chrysler under control of Italys Fiat
Iconic American carmaker Chrysler has officially come under the Italian flag with Fiat announcing it had obtained a majority share after buying out the US governments stake.The takeover comes two ... ...Fri 3rd June 2011 - 02:52pm
EU calls on US to quicken Wall Street reform
A top European official laid bare transatlantic tensions over banking rules Friday- urging quicker reform and warning Europes patience was running out on at least one niggling issue.During ... ...Fri 3rd June 2011 - 12:21pm
Poor May jobs data sets challenge for White House
Dismal statistics on new job creation and an uptick in the unemployment rate sent US stocks plunging Friday and lay down a new barrier for President Barack Obamas troubled economic agenda.The economy ... ...Fri 3rd June 2011 - 11:23am
IMF frees up 225 mn for Iceland
The International Monetary Fund said Friday it had okayed a sixth tranche of 225 million in financing for Iceland- citing Reykjaviks impressive progress in post-crisis restructuring.The ... ...Fri 3rd June 2011 - 10:56am
Rousseff unveils Brazil offshore oil platform
President Dilma Rousseff inaugurated an offshore oil operation Friday in Angra dos Reis bay she said showed Brazils capacity to develop its own energy resources.The offshore platform- to be used for ... ...Fri 3rd June 2011 - 10:28am
Greece wins 11th-hour pledge of fresh aid
Drowning in debt- Greece won Friday the pledge of a new bailout on top of a July cashflow fix- but only after surrendering some of its financial autonomy.There is an agreement- Prime Minister ... ...Fri 3rd June 2011 - 09:53am
Spain cracks down on bank interest rate war
Spains government Friday announced a crackdown on a war between commercial banks offering ever higher deposit rates in a cut-throat battle for customers.The government introduced a new regime to curb ... ...Fri 3rd June 2011 - 08:48am
Poor May jobs data sets challenge for White House
The number of jobs generated by the US economy plunged in May- data showed Friday- deepening President Barack Obamas challenge of tackling high-unemployment and of winning re-election.The economy ... ...Fri 3rd June 2011 - 08:42am
Wal King denies Leighton board return
Former Leighton Holdings Ltd chief executive Wal King says he has not been offered- nor is he seeking- a position on the construction companys board.Mr King- 66- left Leighton on January 1 after 42 ... ...Fri 3rd June 2011 - 08:40am
EU calls on US to quicken Wall Street reform
A top European official laid bare transatlantic tensions over banking rules Friday- urging quicker reform and warning Europes patience was running out on at least one niggling issue.During ... ...Fri 3rd June 2011 - 08:09am
Italy- China sign contracts worth 3.2 billion dollars
Italian and Chinese companies signed agreements worth 3.2 billion 2.2 billion euros on Friday during a visit by Chinese Vice President Xi Jinping to Rome- a government official told AFP.Fourteen ... ...Fri 3rd June 2011 - 07:47am
Ryanair sends roses to thank union for strike call at rival
Ryanair- Europes biggest low-cost airline- said Friday it sent 10 roses to the union representing cabin crew at its rival TAP Air Portugal to thank it for calling a strike during the summer holidays.The ... ...Fri 3rd June 2011 - 07:44am
Greece wins 11th-hour pledges of fresh aid
Indebted Greece on Friday won pledges of a new bailout deal coupled with fresh funds to pay its bills as Prime Minister George Papandreou got a positive EU-IMF review of his nations public finances.There ... ...Fri 3rd June 2011 - 07:41am
Rio Tinto signs land use deal in Pilbara
Rio Tinto Ltd has secured land use partnerships with five indigenous groups in the Pilbara region of Western Australia- paving the way for the groups planned 3.9 billion Pilbara iron ore expansion.The ... ...Fri 3rd June 2011 - 07:31am
Nokia shares continue slide after outlook downgrade
The worlds top mobile phone maker Nokia saw its share price slump again Friday- three days after it dramatically downgraded its second quarter outlook and said it could no longer provide a full-year ... ...Fri 3rd June 2011 - 07:31am
Resourcehouse to shrink Hong Kong IPO
Australian miner Resourcehouse may cut the size of a Hong Kong share sale originally slated to raise US3.6 billion A3.38 billion- after the company postponed the deal several times in the past two ... ...Fri 3rd June 2011 - 07:18am
Rate rises about to start but not in June
Borrowers are likely to be spared an interest rate rise when the board of Reserve Bank of Australia RBA meets next week but a hike is coming soon and there may be more than one before the end of 2011.All ... ...Fri 3rd June 2011 - 07:09am
Australia shares fall for second straight week await U.S. payrolls
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares fall for second straight week await U.S. payrolls ...Fri 3rd June 2011 - 06:55am
Mazda to stop making cars in US- report
The Nikkei financial daily reports that Mazda Motor Corp plans to leave its joint venture with Ford Motor Co and stop building cars in the US.Mazda and Ford operate the AutoAlliance International plant ... ...Fri 3rd June 2011 - 06:47am
Wal King denies Leighton board return
Former Leighton Holdings Ltd chief executive Wal King says he has not been offered- nor is he seeking- a position on the construction companys board.Mr King- 66- left Leighton on January 1 after 42 ... ...Fri 3rd June 2011 - 06:44am
Tabcorp split approved by court
Tabcorp Holdings Ltd has received court approval to split its casino operations and its wagering- gaming and Keno businesses into two separately listed companies.The Supreme Court of Victoria on Friday ... ...Fri 3rd June 2011 - 06:44am
Qantas shares near two-year low
Shares in Qantas Airways Ltd have slumped to their lowest point in nearly two years due to an analyst downgrade of the stock and more cost cutting measures.Shares in the airline group lost six cents- or ... ...Fri 3rd June 2011 - 06:43am
Mazda to stop making cars in US- report
The Nikkei financial daily reports that Mazda Motor Corp plans to leave its joint venture with Ford Motor Co and stop building cars in the US.Mazda and Ford operate the AutoAlliance International plant ... ...Fri 3rd June 2011 - 06:42am
Rio Tinto boss defends carbon record
Rio Tinto Ltds boss of Australian operations says exports such as coal and iron ore were too important to economy to be lost offshore due to a carbon tax.Rio Tintos Australian and iron ore division ... ...Fri 3rd June 2011 - 06:36am
Australia shares fall for second straight week await U.S. payrolls
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares fall for second straight week await U.S. payrolls ...Fri 3rd June 2011 - 06:34am
Rate rises about to start- but not in June
Borrowers are likely to be spared an interest rate rise when the board of Reserve Bank of Australia RBA meets next week- but a hike is coming soon and there may be more than one before the end of 2011.All ... ...Fri 3rd June 2011 - 06:31am
Buttrose- Turnbull fire up over quotas
Media personality Ita Buttrose has thrown her support behind calls for a quota system to get more women into the boardroom.The rallying cry for change is growing louder - if Fridays fiery and at times ... ...Fri 3rd June 2011 - 06:21am
Poor May jobs data sets challenge for White House
The number of jobs generated by the US economy plunged in May- data showed Friday- deepening President Barack Obamas challenge of tackling high-unemployment and of winning re-election.The economy ... ...Fri 3rd June 2011 - 06:07am
Wal King denies Leighton board return
Former Leighton Holdings Ltd chief executive Wal King says he has not been offered- nor is he seeking- a position on the construction companys board.Mr King- 66- left Leighton on January 1 after 42 ... ...Fri 3rd June 2011 - 05:37am
Wal King denies Leighton board return
Former Leighton Holdings Ltd chief executive Wal King says he has not been offered- nor is he seeking- a position on the construction companys board.Mr King- 66- left Leighton on January 1 after 42 ... ...Fri 3rd June 2011 - 05:24am
Bid to save Greece from bankruptcy enters last stretch
Greek Prime Minister George Papandreou headed into crunch eurozone talks Friday hoping to clinch a new bailout deal to save his nation from default after a positive EU-IMF review of its public finances.As ... ...Fri 3rd June 2011 - 05:08am
Fosters hoses down takeover speculation
Fosters Brewing Group Ltd has moved to hose down speculation that two international brewers could be planning a joint takeover of the Australian beer company.The brewer responded on Friday to an Australian ... ...Fri 3rd June 2011 - 04:46am
Merkel- Obama to discuss IMF role of developing world
German Chancellor Angela Merkel and US President Barack Obama will discuss the role of developing countries in the International Monetary Fund in talks next week- a source in Berlin said on Friday.The ... ...Fri 3rd June 2011 - 03:54am
US new jobs plunged in May jobless rate up
The number of jobs generated by the US economy plunged in May and inflation continued to erode workers incomes- deepening the challenge to the Obama administration- official figures showed Friday.The ... ...Fri 3rd June 2011 - 03:54am
Mal King denies Leighton board return
Former Leighton Holdings Ltd chief executive Wal King has broken his silence to deny he has been offered or is seeking a position on the companys board.Mr King issued a short statement on Friday- ... ...Fri 3rd June 2011 - 03:45am
Mal King denies Leighton board return
Former Leighton Holdings Ltd chief executive Wal King has broken his silence to deny he has been offered or is seeking a position on the companys board.Mr King issued a short statement on Friday- ... ...Fri 3rd June 2011 - 03:32am
Bid to save Greece from bankruptcy enters last stretch
Weeks of tough talks to save Greece from bankruptcy entered the final stretch Friday with Athens due to submit more harsh belt-tightening measures to secure a new loan deal from the EU and IMF.In ... ...Fri 3rd June 2011 - 03:29am
Spain says Germany mulls EU aid over cucumber slur
German Chancellor Angela Merkel has promised to consider EU compensation for Spain after a fatal bacteria outbreak in Germany was wrongly blamed on Spanish cucumbers- Madrid said.Merkel made the offer ... ...Fri 3rd June 2011 - 03:27am
French growth remains strong in May
The French economy showed continued strong growth in May with services picking up for sagging manufacturing- a survey of purchasing managers showed on Friday.The headline Markit France Services Business ... ...Fri 3rd June 2011 - 03:24am
Tabcorp split approved by court
Tabcorp Holdings Ltd has received court approval to split its casino operations and its wagering- gaming and Keno businesses into two separately listed companies.The Supreme Court of Victoria on Friday ... ...Fri 3rd June 2011 - 03:19am
German car sales gain 22 in May- VDA
German new car sales jumped by 22 percent in May from the same month a year earlier- figures released Friday by the VDA federation showed.A total of 304-700 vehicles were delivered in the biggest European ... ...Fri 3rd June 2011 - 03:19am
US new jobs plunged in May jobless rate up
The US economy generated a minuscule 54-000 net new jobs in May- only one quarter of the previous month- while the unemployment rate edged up to 9.1 percent- the Labor Department said Friday.Employment ... ...Fri 3rd June 2011 - 02:59am
US new jobs plunged in May jobless rate up
The US economy generated a miniscule 54-000 jobs in May- only one quarter of the previous month- while the unemployment rate rose to 9.1 percent- the Labor Department said Friday.Job creation in the private ... ...Fri 3rd June 2011 - 02:46am
Car sales down in May
Sales of new cars were down in May- for the third month in a row- as the local market suffered from supply problems following the Japanese earthquake and tsunami- as well as timid buyers.The Federal chamber ... ...Fri 3rd June 2011 - 02:28am
Car sales down in May
Sales of new cars were down in May- for the third month in a row- as the local market suffered from supply problems following the Japanese earthquake and tsunami- as well as timid buyers.The Federal chamber ... ...Fri 3rd June 2011 - 02:13am
Pandora stock to debut at 7 to 9 per share
Pandora set a debut price for its initial offering of stock that could raise more than 141 million for the leading US Internet radio service.The startup filed paperwork with the Securities and Exchange ... ...Fri 3rd June 2011 - 01:58am
European stocks steady before US non-farm payrolls
European stock markets steadied and the euro flattened on Friday amid jitters over looming US payrolls data and as Athens sought to finalise a new EU-IMF bailout deal.Londons benchmark FTSE 100 index ... ...Fri 3rd June 2011 - 01:33am
Australia shares edge higher as markets await payrolls
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares edge higher as markets await payrolls ...Fri 3rd June 2011 - 01:15am
Rio Tinto signs land use deal in Pilbara
Rio Tinto Ltd has secured land use partnerships with five indigenous groups in the Pilbara region of Western Australia- paving the way for the groups planned 3.9 billion Pilbara iron ore expansion.The ... ...Fri 3rd June 2011 - 12:56am
Merkel- Obama to discuss IMF role of developing world
German Chancellor Angela Merkel and US President Barack Obama will discuss the role of developing countries in the International Monetary Fund in talks next week- a source in Berlin said on Friday.The ... ...Fri 3rd June 2011 - 12:44am
Greek finance ministry held as loan deal nears
Trade union protesters on Friday occupied the Greek finance ministry- calling for a general strike as the prime minister flew to Luxembourg for key talks on finalising a new EU-IMF loan deal.Members of ... ...Fri 3rd June 2011 - 12:31am
Australia shares open up 0.2 percent
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares open up 0.2 percent ...Fri 3rd June 2011 - 12:17am
British bookmaker Betfred buys Tote for £265 mn
British bookmaker Betfred said Friday it has won a government auction to buy the Tote for £265 million 433 million- 300 million euros- ending a lengthy saga over the betting groups privatisation.Betfred ... ...Fri 3rd June 2011 - 12:05am
French growth remains strong in May
The French economy showed continued strong growth in May with services picking up for sagging manufacturing- a survey of purchasing managers showed on Friday.The headline Markit France Services Business ... ...Fri 3rd June 2011 - 12:04am
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