UNITED KINGDOM

IBTimes Logo

Skype founders sue eBay, investors

The founders of Skype have sued owner eBay Inc and an investor group that has agreed to buy the Webphone service, accusing them of copyright violation and potentially disrupting the $1.9 billion deal.

Daily Commentary - 17/09/2009

IBTimes Logo
The Australian Dollar opens sharply higher on Thursday at 0.8725 on greenback weakness and a continuation of the recent shift into high-yielding assets.
More news
IBTimes Logo

Daily Commentary - 16/09/2009

The Australian Dollar opens higher today at 0.8625 and is buoyed by improved risk sentiment after the release of stronger than expected U.S. economic data overnight.
IBTimes Logo

Credit Crunch Constrains International Buyers

Interest in U.S. real estate by international buyers declined due to the worldwide recession and severe credit crunch, according to the 2009 National Association of Realtors Profile of International Home Buying Activity.
IBTimes Logo

UK's Lloyds tops complaints list-Ombudsman

Lloyds Banking Group topped the list for complaints to a consumer watchdog in the first half of the year with payment protection insurance drawing over a quarter of all cases in the finance sector.
IBTimes Logo

Real estate stock funds top Lipper August rankings

Real estate equity funds dominated Lipper's ranking of top-performing funds in August, as expectations of an impending property market recovery prompted a rally in European property stocks. Of the top 20 UK-registered equity funds ranked by fund tracker Lipper, a unit of Thomson Reuters, 11 were real estate funds of which nine are invested in the UK or Europe.
IBTimes Logo

Opel says restructuring not based on politics

German carmaker Opel needs to cut capacity and workforce quickly to return to profitability, but any decision on restructuring the company would not be driven by political considerations, Opel Chairman Carl-Peter Forster said on Tuesday.
IBTimes Logo

Ssangyong hit unlikely to deter China carmakers

Cash-strapped South Korean automaker Ssangyong Motor (003620.KS) proposed a capital writedown on Tuesday that would slash the stake of SAIC Motor (600104.SS), its Chinese majority shareholder.
IBTimes Logo

Capital One credit card defaults fall in August

Capital One Financial Corp's U.S. credit-card defaults fell in August, reinforcing signs that, despite job losses and the housing crisis, American consumers may not be in as bad shape as feared.
IBTimes Logo

Many climate change costs seen avoidable

Climate change could cost some countries up to 19 percent of their gross domestic product by 2030, a panel including major insurance, banking and consulting companies as well as the European Commission said on Monday.
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.
IBTimes Logo

Daily Forex Commentary Sep 15

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.
IBTimes Logo

Magna sees Opel paying back state loans by 2015

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.
IBTimes Logo

Dollar loses gains as risk appetite climbs

The dollar fell against the euro on Monday, erasing earlier gains, as investors looked past a United States versus China trade dispute and took on more risk. U.S. stocks pared losses .N, illustrating higher risk appetite and reducing safe haven demand for the dollar, as investors stuck to the theme of recent months of changes in risk tolerance driving dollar action.
IBTimes Logo

China showers gifts on resources-rich Timor

Dili's gleaming new Presidential Palace and Foreign Ministry, gifts from China, stand in stark contrast to nearby burned-out buildings and are symbols of how the energy-hungry superpower is growing closer to tiny, oil-rich East Timor.
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.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.