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Kraft starts clock on unchanged Cadbury bid

Kraft Foods made its formal $16.1 billion offer to Cadbury shareholders, triggering a two-month takeover fight for the chocolate maker and a frosty response from Britain.

World Cup rankings

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The draw of the teams who will face each other in the 2010 World Cup in South Africa took place Friday in South Africa.

Tesco to flag solid Christmas, eyes on 2010

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Tesco Plc, Britain's biggest retailer, is set to join rivals in flagging solid pre-Christmas trading next week, but investors will be casting a wary eye on 2010 as the government unveils its budget plans.
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Kraft posts Cadbury offer

Kraft Foods posted its offer document to Cadbury Plc shareholders on Friday, triggering a 9.8 billion pound ($16.3 billion) takeover fight for the British chocolate maker.
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European shares fall ahead of key U.S. jobs data

European shares fell for a second straight session on Friday, led down by weak financial stocks, with trading volumes low as investors remained cautious ahead of keenly watched U.S. payrolls data later in the session.
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FTSE down 0.5 pct on caution ahead of payrolls

Caution ahead of a key jobs report from the United States weighed on banks and other cyclical stocks, pushing Britain's FTSE 100.FTSE share index 0.5 percent lower by midsession on Friday.
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Asian shares hold week's gains before jobs data

Asian stocks held most of the week's gains before monthly U.S. jobs data on Friday, although property and bank shares fell in many markets as soft U.S. data raised concerns about the pace of economic recovery.
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Daily Forecast - 04/12/2009

The Aussie gained ground ahead of yesterdays Australian Retail Sales data release pressing against 0.9290 only moments before the announcement. With consumer spending during the month of October coming in right on markets expectations of a 0.3% increase the reaction was relatively subdued and the AUD continued to hover around this level. During Afternoon Asian trade however demand re-emerged to push it above the 93 cent mark with offshore markets continuing the theme. Resistance ahead of 0.9320 ...
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Leaked emails trigger controversies in global climate change

The director of a U.K research unit has said he is standing down from his post after hundreds of private e-mails were published on the internet when a computer hacker breached the security of the CRU database in November and stole numerous materials that are skeptical about climate change.
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Kraft expected to post Cadbury bid Friday -sources

Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month 9.8 billion pound ($16.4 billion) takeover fight, sources with knowledge of the situation said on Thursday.
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Kraft expected to post Cadbury bid Friday: sources

Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month 9.8 billion pound ($16.4 billion) takeover fight, sources with knowledge of the situation said on Thursday.
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Probe into ClimateGate Scandal to begin

The British university caught in the center of what climate skeptics are calling ClimateGate, said on Thursday it's called an outside reviewer to lead the investigation. Ex-civil servant Sir Muir Russell will head the probe into the hacked e-mails and documents from the University of East Anglia Climatic Research Unit (CRU) in the UK last month.
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Italy to send 1,000 more troops to Afghanistan

Italy will send around 1,000 additional soldiers to Afghanistan as part of U.S. President Barack Obama's planned troop increase, Italian Defense Minister Ignazio La Russa said in an interview published on Thursday.
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McChrystal tells Afghans U.S. not leaving yet

The commander of U.S. forces in Afghanistan reassured top officials on Thursday that Washington was not planning an early exit, part of a charm offensive to sell President Barack Obama's new strategy on three continents.
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H1N1 pandemic starting to wane in some countries-WHO

H1N1 swine flu has not peaked yet but seems to be waning in Canada and the United States, signalling that the end of the pandemic may be on the horizon, the World Health Organisation (WHO) said on Thursday.
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Daily Forecast - 3/12/2009

The Aussie dollar bounced from an early morning dip to 0.9235 yesterday to trade within a whisker of the 93 cent handle overnight buoyed by gains in commodity and equity markets.

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