English news - Business 1953

2007-10-03 10:29:48

Wal-Mart has many superstores in Mexico, as well as the US. Wal-Mart says it has cleared the final regulatory hurdle to opening its own bank in Mexico. It said that branches of the venture, to be known as Banco Wal-Mart de Mexico Adelante, may open as so

2007-10-03 07:59:49

MOSCOW, October 3 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 580.5 billion rubles ($23.3 billion at the current exchange rates) at the beginning of the business day, up 2.3% from Tuesday

2007-10-03 07:49:20

MOSCOW, October 3 (RIA Novosti) - Russia's investment index will open Wednesday at 843.52 points, up 1.32% following Tuesday evening's sessions on major world trading floors. The Russian Industrial Leaders Index (RUXX) is a composite economic index of 3

2007-10-03 07:31:00

LONDON (Reuters) - JC Flowers, the private equity group that has expressed interest in troubled mortgage bank Northern Rock, has secured about 15 billion pounds of funding which could be used for a takeover, the Financial Times reported on Wednesday. The

2007-10-03 07:25:03

Gazprom supplies Europe with a quarter of its gas Russian gas monopoly Gazprom says it will cut gas supplies to neighbouring Ukraine unless a $1.3bn (?650m) bill is paid this month. Previous disputes between Russia and Ukraine over gas supplies have led

2007-10-03 07:18:07

The Nikkei is at an eight-week high Asian shares continued their upward trend on Wednesday as investors hoped that the worst of the summer's credit problems may be over. Shares in Hong Kong hit a fifth day of highs by noon, while Japan's Nikkei index als

2007-10-03 06:50:00

SYDNEY (Reuters) - Australia's competition watchdog said on Wednesday it would not stand in the way of Rio Tinto's proposal to buy Canada's Alcan , which would make it the world's biggest aluminium producer. The Australian Competition and Consumer Commiss

2007-10-03 06:41:00

HONG KONG (Reuters) - Asian stocks scaled a fresh peak on Wednesday led by financial shares as worries about a global credit squeeze continued to recede, while the dollar slipped after two sessions of gains ahead of key U.S. data this week. Both gold and

2007-10-03 06:32:00

LONDON (Reuters) - Mining giant BHP Billiton said on Tuesday it bought a 40 percent interest in 14 offshore oil & gas licenses near the Falkland Islands from British minnow Falkland Oil and Gas . Argentina, which has a long-running territorial dispute

2007-10-03 03:59:00

FRANKFURT (AFP) - German automaker DaimlerChrysler is to be renamed simply Daimler AG on Thursday, reflecting the company's divestment of its troubled US unit Chrysler. Shareholders meeting in Berlin are expected to approve the new name despite some scept