UNITED KINGDOM

IBTimes Logo

Daily Commentary - 15/09/2009

The Australian Dollar opens on Tuesday at 0.8610. In early domestic trade yesterday, the Aussie moved swiftly beneath US86 cents as local equities opened under pressure after a soft lead from Wall Street last Friday. Given the recent rapid rise of the Australian Dollar, part of the move back down can be attributed to profit taking after a sustained period of one-way price action. During overnight trade, the unit moved between a low of 0.8543 and a high of 0.8630.

Daily Forex Commentary Sep 15

IBTimes Logo
The Australian Dollar opens on Tuesday at 0.8610. In early domestic trade yesterday, the Aussie moved swiftly beneath US86 cents as local equities opened under pressure after a soft lead from Wall Street last Friday.

Magna sees Opel paying back state loans by 2015

IBTimes Logo
Magna (MGa.TO) will cut about 10,500 Opel jobs in Europe, the bulk in Germany, as it acts to return the carmaker to profit and pay back 4.5 billion euros ($6.55 billion) in state aid, its co-chief executive said.
IBTimes Logo

Sprint shares soar on T-Mobile USA tie-up talk

Sprint Nextel Corp shares jumped 14 percent on speculation that the No. 3 U.S. mobile service might be bought by Deutsche Telekom even as many analysts said such a deal would be very difficult to pull off.
More news
IBTimes Logo

Cadbury steps up defense, Q3 seen brought forward

British bid target Cadbury is set to beef up its defense against Kraft this week as CEO Todd Stitzer addresses investors and it ponders an early third-quarter update, analysts and fund managers said.
IBTimes Logo

EU urged to scrutinize German Opel aid

Britain and Belgium on Monday urged the European Commission to ensure the takeover of carmaker Opel did not favor German workers because of 4.5 billion euros ($6.55 billion) in promised aid from Berlin.
IBTimes Logo

Obama aims to reinvigorate Wall Street reform

President Barack Obama will try on Monday to revive a stalled push for stricter oversight of Wall Street, using the anniversary of Lehman Brothers' collapse to argue for sweeping regulatory changes.
IBTimes Logo

Daily Commentary - 14/09/2009

The Australian Dollar has held onto its recent gains and opens the new week at 0.8610. The Aussie closed higher on Friday after a range of positive Chinese economic data releases which boosted demand for the currency.
IBTimes Logo

Iran again rules out talks on its nuclear rights

Iran will not negotiate about its nuclear rights, President Mahmoud Ahmadinejad said on Sunday, after the United States said it would focus on the Islamic state's atomic activities in upcoming talks with Tehran.
IBTimes Logo

Bentley sees signs of revival in luxury car class

British carmaker Bentley, owned by Volkswagen, is seeing some signs of revival in the super luxury vehicle segment and expects sales of premium cars to improve next year, one of its top executives said on Friday.
IBTimes Logo

Fight looms over state aid to Magna-led Opel

A Canadian-Russian consortium's plan to buy automaker Opel from General Motors faced more hurdles as scrutiny of German state aid intensified and labor leaders demanded a veto over job cuts.
IBTimes Logo

Germany to offer Airbus guarantee for A350 -magazine

The German government plans to support the planned construction of the Airbus A350 wide body plane with a state guarantee worth 1.1 billion euros ($1.61 billion), a magazine reported on Saturday. Focus magazine said the government would secure a loan from state-owned bank KfW, citing a confidential memorandum from Germany's finance and economy ministries to the parliamentary budget committee.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.