UNITED KINGDOM

IBTimes Logo

G20 Support builds for rebalancing world economy

Leaders from some of the largest Western powers rallied support Tuesday behind a U.S. plan to build a more balanced global economy and warned against returning to business as usual once recovery takes hold.

Daily Commentary - 23/09/2009

IBTimes Logo
The Aussie dollar roared higher yesterday having rallied almost 2% from its lows below 86 cents on Monday. Despite no local economic data released demand for the relatively high yielding AUD resurfaced following some better than expected data from across the Tasman. The New Zealand economic data saw Asian investors scramble to purchase both NZD and AUD against the Greenback, a theme that continued into early European trade. This morning sees the AUD open trade around its highs at 0.8730 having o...
IBTimes Logo

British graduate scores in sandwich-board job hunt

In a pinstripe suit, silk tie and polished shoes, David Rowe has all the trappings of a successful London city worker, except for one stark difference -- he is wearing a sandwich board that says JOB WANTED.
More news
IBTimes Logo

World stocks climb again

World stocks climbed and the dollar fell on Tuesday ahead of the Federal Reserve's two-day policy meeting, with investors' search for higher returns reflected in the New Zealand dollar's surge to 13-month highs.
IBTimes Logo

Daily Commentary - 22/09/2009

The Aussie dollar began the week on a softer note drifting lower in Asia from its early morning high around 0.8680 eventually testing support at 86 cents in early offshore trade. A move out of riskier assets heading into the FOMC meeting and a pullback in commodity prices weighed on the AUD which reached an eventual low around 0.8590. North American pared back some of the losses to push the Aussie dollar back to this morning's open around 0.8630 against the Greenback.
IBTimes Logo

Cadbury CEO admits some synergies with Kraft-WSJ

The head of chocolate maker Cadbury PLC, which is facing a possible takeover by U.S. food giant Kraft Foods Inc, said there were some complementary elements in the two companies' portfolios, according to a Wall Street Journal report.
IBTimes Logo

Adecco chief says has buy opportunities: report

Adecco currently has a opportunities for acquisitions but will keep financial discipline, the chief executive of the world's largest staffing company said in a press interview on Monday.
IBTimes Logo

Daily Commentary - 21/09/2009

The Aussie dollar bounced between 0.8650 and 0.8715 during Friday's offshore session weighed down by profit taking on the Euro to open this morning at 0.8670.
IBTimes Logo

Al Qaeda threatens Germany in second online video

Militant Islamist group al Qaeda threatened Germany with attacks for the second time this weekend in an online video criticizing the country for its deployment of troops in Afghanistan, authorities said on Sunday.
IBTimes Logo

Anglo not asking for Xstrata bid order: source

Miner Anglo American is not about to request a put up or shut up order on Xstrata to make a formal bid or walk away, a source close to the company said on Sunday, denying a media report.
IBTimes Logo

Financial regulation tops G20 agenda

President Barack Obama, preparing to meet with other G20 leaders in Pittsburgh, on Saturday stressed the need for regulations to prevent another global economic crisis and German Chancellor Angela Merkel was optimistic agreement could be reached at the summit.
IBTimes Logo

Lufthansa aims for bmi stake solution this year

Deutsche Lufthansa is aiming for an agreement with Scandinavian SAS by the end of 2009 on the stake it does not already own in Britain's bmi airline, management board member Stefan Lauer told a German magazine.
IBTimes Logo

International music star Mika sets sights on U.S.

At first impression, the man no one knows as Michael Penniman seems uncharacteristically quiet. As he takes a well-earned break from rehearsing for a tour to promote one of the year's most eagerly anticipated music releases, he seems tired and anxious, a far cry from his usual ebullience.
IBTimes Logo

Skype founders file new lawsuit vs Volpi, Index

The founders of Skype filed a new lawsuit on Friday against Index Ventures and one of its partners, Michelangelo Volpi, accusing him of stealing trade secrets to help broker the sale of the Internet phone service owned by eBay Inc.
IBTimes Logo

Credibility gap sabotages thriller Glorious 39

Glorious 39 sends mixed signals. One minute it seems like a conspiracy thriller and the next one of those well-upholstered English melodramas about the privileged class pushing back against threats to their way of life. Either way, it's a lot of hokum that relies on contrivance and chance to move its dubious plot forward.
IBTimes Logo

Dollar rebounds from 1-year low versus euro

The dollar rebounded from a one-year low against the euro on Friday as waning risk appetite cut demand for higher-yielding currencies and boosted safe-haven demand for the greenback. Sterling declined across the board, hitting a near five-month low euro on renewed concerns about the UK banking sector.
IBTimes Logo

Kraft may need 850-900p to swallow Cadbury

U.S. food giant Kraft could raise its bid 20 percent up to 12.3 billion pounds ($20.1 billion) to seal a takeover deal for Britain's Cadbury without losing a key investment grade rating on its debt.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.