IBT Staff Reporter

121171-121200 (out of 154945)

Takeover target Suntory in talks to buy Orangina

Japanese brewer Suntory Holdings, seeking overseas growth as Japan's population ages, is in talks to buy soft-drinks maker Orangina for at least the $2.6 billion that private equity firms including Blackstone paid for the company just three years ago.

Bank of England keeps rates unchanged

The Bank of England left interest rates at a record low of 0.5 percent for the sixth month running on Thursday and said it would keep its 175 billion pound asset buying programme in place.

IEA sees higher global oil use as economy recovers

Global oil demand will be almost 0.5 million barrels per day higher than previously forecast this year and next on stronger-than-expected U.S. and Chinese fuel consumption, the International Energy Agency said.

Oil rises towards $72 on OPEC, demand seen stronger

Oil rose toward $72 a barrel on Thursday, supported by OPEC's decision to hold output steady and forecasts by the International Energy Agency that global demand will be higher this year and next than it previously forecast.

Central banks keep rates at record low

Britain, South Korea and New Zealand left interest rates at record lows on Thursday, with Canada expected to follow suit, but in Asia at least there were signs that thoughts are turning to tighter policy.

IEA sees higher global oil use as economy steadies

Global oil demand will be almost 0.5 million barrels per day higher than previously forecast this year and next on stronger-than-expected fuel use in North America and Asia, the International Energy Agency said.

Beatlemania strikes with CDs, video game launch

A wave of Beatlemania struck Britain's streets as a specially remastered edition of the Fab Four's albums was released on Wednesday, complete with an interactive video game for a new generation of fans.

GM to end months of suspense on Opel

General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders.

OPEC holds output steady, looks to economy

OPEC early on Thursday agreed to hold output targets steady after top exporter Saudi Arabia looked to economic strength to bolster the oil price and dismissed bulging inventories.

Financial reform may fail to avert another Lehman

The collapse of Lehman Brothers a year ago has been likened to the 1994 crash that killed Formula One star Ayrton Senna, in the way it has spurred calls for root-and-branch review of risk in the financial sector.

GM to unveil Opel decision

General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders.

Stock futures rise; Texas Instruments eyed

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.27 percent, Dow Jones futures up 0.24 percent and Nasdaq 100 futures up 0.21 percent at 4:46 a.m. EDT.

Asian shares firm, oil up, dollar defensive

Asian stocks rose on Thursday as investors continued to switch into riskier assets amid growing confidence the global economy is recovering, keeping the dollar on the defensive.

Google defends book deal as competitive, helpful

Google's deal to digitize millions of books opens the way for others to enter the online book business, the company's chief legal officer said in testimony prepared for a congressional hearing on Thursday.

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