The Australian dollar trade in a V shape pattern overnight falling from Asian close around 0.9240 to a low of 0.9180 only to bounce back to open this morning around 0.9240. Negative sentiment surrounding the Euro added support to the Greenback against the majors inspiring the move lower however with U.S equities and commodities once again performing well AUD/USD bounced back quickly. The Aussie appears to be range bound at present with resistance around the 93 cent handle proving difficult to br...
A storied UK confectioner could be getting new owners soon if shareholders agree to a deal recommended by its board of directors today.
Foreign Secretary David Miliband denied any split with China over Iran on Tuesday and gave a strong hint that Britain backed more financial sanctions against Tehran over its nuclear programme.
Swiss banking heavyweight Credit Suisse says it will reduce its global bonus pool by 5 percent to pay for a new British tax on bonuses, but will cut deeper into the bonuses for its top managers in Britain.
Credit Suisse is spreading the pain of a UK tax on bonuses across bankers globally and Goldman Sachs has delayed announcing payouts to staff as a row over remuneration heated up on Tuesday.
China urged other powers on Tuesday to show more flexibility in dealing with Iran's disputed nuclear programme, playing down prospects of sanctions after six countries met to discuss the standoff.
Kraft Foods agrees a deal to buy Cadbury on Tuesday for around 11.9 billion pounds ($19.55 billion) by increasing its overall bid and offering more cash in an offer that was recommended by Cadbury's board.
Investment firm Genii Capital said liquidators had yet to start removing vital assets from Swedish carmaker Saab's facilities, and said it remained upbeat about its chances of buying the loss-making firm from General Motors.
Goldman Sachs is likely to unveil details of multi-million pound bonuses to staff next week, a person familiar with the matter said on Tuesday, after a delay as the row over payouts heats up.
Investment bank Goldman Sachs is likely to unveil the details of multi-million pound bonuses to staff next week, a person familiar with the matter said on Tuesday, after a delay as a row heats up over payouts.
Kraft Foods was close to announcing a recommended deal to buy Cadbury for around 11.7 billion pounds ($19.2 billion) after it offered more cash in late-night talks to break a four-month impasse over price.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are close to sealing a friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are holding talks about a potential friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are holding talks about a potential friendly deal to create the world's largest confectionery group, sources familiar with the matter said on Monday.
The Aussie dollar survived a brief selloff in Asia yesterday to bounce back from intraday lows of around 0.9175 and open at 0.9265 this morning.
OPEC is unlikely to cut oil supply at its next meeting in March, Qatar's oil minister said on Monday.
A study by the European Healthcare Fraud and Corruption Network (EHFCN) and the Center for Counter Fraud Services (CCFS) at Britain's Portsmouth University found that 5.59 percent of annual global health spending is lost to mistakes or corruption.
The world's top mobile phone maker Nokia said on Monday Britain's High Court had ruled in its favor in a patent dispute with IPCom, and it would now seek to recoup legal costs of the case from the German firm.
The Unite union will open a strike ballot for BA cabin crew on January 25 after talks with the airline failed to secure a deal on changes to working conditions, potentially prolonging the winter of travel chaos.
Shares in Cadbury Plc pushed higher on Monday in anticipation of a higher bid from Kraft Foods , which is expected to sweeten its original takeover offer before the January 19 deadline.
Cadbury Chief Executive Todd Stitzer said the British confectioner could be worth more than 10 pounds a share by 2013, in an interview published in the Daily Telegraph's Monday edition.
The Aussie dollar fell below the 93 cent handle in Asia on Friday to enter offshore trade around 0.9275 ahead of key European and U.S economic data releases.
