Shareholders in BP balked on Monday at reports the energy giant would seek a strategic investor to ward off takeover bids while the company's massive oil spill in the Gulf of Mexico spread.
The Australian Dollar opens lower on Tuesday at 0.8390 ahead of today's monthly board meeting of the Reserve Bank of Australia (RBA).
Shareholders in BP balked Monday at reports it would seek a strategic investor to ward off takeover bids, as the clean-up costs of its massive U.S. oil spill topped $3 billion.
Internecine civil wars are underway almost everywhere within the West, and most virulently in the United States of America. They are not yet kinetic wars, but wars of grinding prepositioning, the kind which lead to foregone conclusions without a shot being fired. They are wars of survival, nonetheless, because the basic architecture for national strength is being altered incrementally or dramatically. And, in many cases, consciously.
Germany's strong run in the World Cup may be the catalyst for a growth spurt by Europe's largest economy, as consumers riding the feelgood factor of national success dip in to their savings and start spending again.
Bailed-out lender Lloyds Banking Group has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units and refocus on its core lending activities.
Oil major BP Plc is seeking a strategic investor to secure its independence in the face of any takeover attempts as it struggles with a devastating oil leak in the Gulf of Mexico, newspapers said on Sunday.
Global services growth geared down a notch in June, data showed on Monday, supporting the view in financial markets that emerging and developed economies are set to cool off through the second half of the year.
Central banks may be the only remaining line of defense against a scary-but-remote double-dip recession threat.
Gulf coast beaches, normally packed on Independence Day, were quiet on Sunday as workers cleaned up tar balls from BP's leaking oil well while the company was reported to be taking steps to ward off potential takeover bids.
A supertanker adapted to scoop up oil from the BP spill in the Gulf of Mexico began tests on Saturday amid a report that some major investors expect the energy giant to replace its top executives.
BP's oil spill clean-up efforts in the U.S. Gulf of Mexico were returning to normal on Saturday, amid a report that some major investors expected the British energy giant to replace its top executives.
Fund managers have failed to rebuild relationships with investors that soured when the global financial crisis left them nursing billions in losses, leaving their clients even more disgruntled.
A slightly lower than forecast 0.2% May Retail Sales result coupled with a 6.6% fall in Building Approvals for the same month saw the Aussie dollar momentarily dip below 0.8320 during yesterday's local session.
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company's Asian life unit, have agreed to work out their differences, a source familiar with the situation said on Thursday.
Airbus and Boeing clashed over aid for the next generation of European passenger jets on Thursday, while details emerged on the battleground for possibly lengthy appeals following a major trade ruling on aircraft subsidies.
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds since a botched sale of the company's Asian life unit, will try to work out their differences, the Wall Street Journal reported on Thursday.
The Treasury said on Thursday it has earned a gross profit of about $2 billion on sales of about one-third of its common stock holdings in Citigroup Inc as the government ramps up efforts to unwind bailout programs.
Asian and European manufacturing output growth cooled further in June, with China hitting its slowest pace in more than a year -- further evidence that the global economic recovery is moderating.
American International Group Inc Chief Executive Robert Benmosche said last week he would quit unless Chairman Harvey Golub leaves the company, Bloomberg reported on Wednesday.
World Trade Organization judges gave the European Union a stinging rebuke on Wednesday, saying the EU must axe prohibited export subsidies to plane-maker Airbus which had injured U.S. rival Boeing .
The AUD/USD bounced from intraday support at 0.8465 on two occasions during early morning exchange yesterday rallying during the afternoon session to enter offshore trade edging towards 0.8550.
