UNITED KINGDOM

IBTimes Logo

Oil brokerage PVM says rogue trader behind oil spike

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

China moves on Opel with BAIC bid

IBTimes Logo
A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.

Oil brokerage PVM names rogue trader behind oil spike

IBTimes Logo
PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
IBTimes Logo

Rio wraps up rights issue

Global miner Rio Tinto wrapped up one of the world's biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares.
More news
IBTimes Logo

Carphone to sell Vodafone contracts again

British telecoms and retail group Carphone Warehouse will offer contracts from Vodafone from next week in its 820 stores, ending a three-year dispute, Vodafone said on Thursday, confirming media reports.
IBTimes Logo

Strong demand for Rio rights

Rio Tinto Ltd sold virtually all of the UK part of its $15.2 billion rights offer, the world's fifth-biggest, easing its huge debt burden and putting the world's top iron ore miner back in growth mode.
IBTimes Logo

Rio rights get strong demand, Chinalco bids in full

Rio Tinto Ltd's $15.2 billion rights offer, the fifth-biggest on record, generated strong demand from UK investors, putting the world's top iron ore miner back into growth mode after a debt-funded purchase of Alcan had brought it to its knees.
IBTimes Logo

Ahmadinejad's rivals defiant on Iran vote

Two losing contenders in Iran's presidential election denounced the result on Wednesday in clear defiance of Supreme Leader Ayatollah Ali Khamenei, saying Mahmoud Ahmadinejad's next cabinet would be illegitimate.
IBTimes Logo

Iran demands EU apology before any nuclear talks

Iran, stung by European Union criticism of its handling of post-election unrest, on Wednesday accused the 27-nation bloc of meddling and demanded an apology before any more talks on Tehran's disputed nuclear program.
IBTimes Logo

Mood mixed among Asian shares

Asian stock markets put in a mixed performance on Wednesday, with Seoul gaining but Tokyo and Sydney weak as data showed the process of swinging the global economy around to a recovery would be a slow grind.
IBTimes Logo

Michael Jackson gets more bizarre after death

Bizarre in life, Michael Jackson's complex personal affairs are taking even stranger twists in death, with sketchy reports on Tuesday of plans for an elaborate public memorial and questions over the parentage of his children.
IBTimes Logo

Jackson tops British album chart

Michael Jackson's greatest hits album Number Ones became Britain's top-selling album this week, after his death on Thursday spurred interest in his back catalogue, lifting five albums into the top 20.
IBTimes Logo

UK's Brown focuses on public services in final push

British Prime Minister Gordon Brown will focus on housing, health and education on Monday when he sets out plans for the final few months of his government before an election that could end Labour's long grip on power.
IBTimes Logo

Partial recount in Iran, reformers want annulment

A partial recount of Iran's disputed election won by President Mahmoud Ahmadinejad began on Monday, but one defeated reformist candidate said an annulment of the poll was the only way to regain the people's trust.
IBTimes Logo

Daily Commentary - 29/06/2009

what is a rare occurrence of late the Aussie dollar remained in a narrow trading band between 0.8040 and 0.8090 on Friday to finish the week exchanging at 0.8070. With no local economic data released the AUD searched for direction from offshore threatening to break higher after better than expected German data however a rebound in demand for USD put a lid on any further advances.
IBTimes Logo

Iran spars with U.S. and Britain over election

Iran accused the United States of trying to destabilize it and sparked a new row with Britain on Sunday, underscoring the hardline leadership's efforts to blame post-election unrest on foreign powers rather than popular anger.
IBTimes Logo

Sanofi drug may increase cancer risk, studies find

Sanofi-Aventis's diabetes drug Lantus may increase the risk of cancer, according to European studies involving some 300,000 insulin-treated patients, prompting a call from experts for more research.
IBTimes Logo

Global property lending landscape altered forever

If you look at the banking sector response to this crisis, it appears that the further east you go, the more demanding your typical lender becomes, said Mike Sales, the London-based head of property at Henderson Global Investors.
IBTimes Logo

Microsoft Windows 7 pre order available now

Microsoft Windows 7 pre order starts June 26 until July 11th in the United States and Canada. Japan is also included on the list for June 26th pre order release but will end earlier on July 5TH or while supplies last.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.