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Tuesday 13 May 2008
Airbus announces new delays in A380 delivery
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- TRANSPORT - AIRBUS
- Airbus announces new delays in A380 delivery
- Tuesday 13 May 2008
- European aviation company Airbus has announced that the current A380 delivery schedule cannot be met. Airbus will be able to deliver 21 of the aircraft in 2009 instead of the 25 previously announced.
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- BANKING - FRANCE
- Credit Agricole to raise 5.9 billion euros to shore up capital
- Tuesday 13 May 2008
- French international bank Credit Agricole has decided to raise 5.9 billion euros to shore up its capital so as to face the consequences of the subprime crisis. Business analyst Pierre Briançon gives his take on the situation.
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- YAHOO! - MICROSOFT
- Billionaire investor Carl Icahn has a plan
- Tuesday 13 May 2008
- Billionaire veteran investor Carl Icahn is considering running a proxy campaign to change the members of the Yahoo! Inc. board who blocked the Microsoft Corp merger deal.
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- COMPUTING
- HP to buy EDS and challenge IBM
- Tuesday 13 May 2008
- California-based computer giant Hewlett-Packard Co unveiled on Tuesday its plans to buy technology outsourcing company Electronic Data Systems Corp (EDS) for $12.6 bln dollars. The move will make HP a serious competitor to IBM.
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- STEEL
- Lakshmi Mittal takes power in ArcelorMittal
- Tuesday 13 May 2008
- Two years after Arcelor and Mittal steel merged, ArcelorMittal Chief Executive Lakshmi Mittal has replaced Joseph Kinsch as chairman of the steelmaker on Tuesday.
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- VENEZUELA - STEEL
- Chavez nationalizes biggest steelmaker
- Tuesday 13 May 2008
- Venezuelan President Hugo Chavez has nationalized the country's largest steelmaker Ternium Sidor. But the government still needs to buy out Ternium-Sidor's biggest stakeholder, the Argentinian consortium Techint. (Report: L. Kammourieh)
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- IRAN - COMMODITIES
- Shell, Repsol renegociate Iran gas deal
- Monday 12 May 2008
- Oil majors Repsol and Royal Dutch Shell pulled out of a 10-billion-dollar Iranian natural gas project, suggesting they wished to exchange it for another project on the South Pars gas field, despite pressure from Washington.
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- COMMODITIES - OIL
- Oil hits record high in New York
- Monday 12 May 2008
- The US light crude touched a new record of $126.40 a barrel in volatile trade on Monday amid concern about current crises in Nigeria and Lebanon. Some analysts have attributed the gains in oil to a wave of fund money pouring into commodities.
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- Tuesday 13 May 2008
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