English news - Business 931

2008-03-25 20:17:00

FRANKFURT (AFP) - The European Central Bank said on Tuesday that rates in its weekly refinancing operation had risen amid strong demand for funds, suggesting persistent tension on eurozone money markets. The ECB provided 216 billion euros (335 billion dol

2008-03-25 20:11:00

SAO PAULO (Reuters) - The chief executive of Brazilian mining giant Vale said on Tuesday the potential acquisition of Swiss rival Xstrata was not a priority and that Vale was studying other options. "It's a difficult operation. It's not simple, and there

2008-03-25 20:11:00

WASHINGTON (AFP) - US Treasury Secretary Henry Paulson said Tuesday that America's Social Security program for the retired is "financially unsustainable" and needs an urgent overhaul. Paulson, speaking after a government panel had completed its annual ass

2008-03-25 19:47:00

LONDON (AFP) - The dollar fell back Tuesday, coming under pressure again as more weak US economic data undercut gains that had been sparked by hopes of an easing of the credit crunch, dealers said. They said news that the US Conference Board confidence in

2008-03-25 19:20:00

SAO PAULO (Reuters) - The chief executive of Brazilian mining giant Vale said on Tuesday the potential acquisition of Swiss rival Xstrata was not a priority and that Vale was studying other options. "It's a difficult operation. It's not simple, and there

2008-03-25 19:16:00

LONDON (Reuters) - U.S. automaker Ford has agreed to sell its UK-based Jaguar and Land Rover brands to India's Tata Motors for more than $2 billion (1 billion pounds), said a source familiar with the matter on Tuesday. Ford, which signed the deal on T

2008-03-25 19:13:00

ROME (AFP) - Air France-KLM will submit fresh proposal to improve its offer for struggling carrier Alitalia on Friday, meeting some key demands from labour, union officials said after a meeting with its chairman. The head of Air France-KLM, Jean-Cyril Spi

2008-03-25 19:10:00

LONDON (AFP) - Oil prices steadied around 100 dollars Tuesday as investors sat tight, waiting for US stockpile figures to give them their next lead on the outlook for global demand, traders said. New York's main oil contract, light sweet crude for deliver

2008-03-25 18:44:00

DUBLIN (Reuters) - Irish telecoms billionaire Denis O'Brien has raised his stake in Independent News & Media but traders discounted it as the reason for a 10 percent jump in the newspaper publisher's Dublin share price. "This is more of a relief bounc

2008-03-25 18:41:00

NEW YORK (Reuters) - Employees at Bear Stearns Cos were hardly celebrating the day after JPMorgan Chase & Co raised its bid for Bear five-fold. Instead, resignation, bitterness and anger gripped Bear staffers, who are also major shareholders, as they