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Archive for  August 2004

    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Bidding war hopes boost UK bank Abbey’s shares

    The prospect of a battle for British bank Abbey National spurred its shares on Monday after rival HBOS said it was considering challenging Spain's Santander Central Hispano's offer for the mortgage lender. Abbey stock was

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Bidding war hopes boost UK bank Abbey’s shares

    The prospect of a battle for British bank Abbey National spurred its shares on Monday after rival HBOS said it was considering challenging Spain's Santander Central Hispano's offer for the mortgage lender. Abbey stock was

    Read More

    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Former Canadian Premier steps into Yukos dispute

    Former Canadian prime minister Jean Chretien was reportedly involved Monday in negotiating a deal between the Russian government and the beleaguered oil giant Yukos to save it from bankruptcy from disputed tax bills. The group

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on WTO deal draws mixed response in Asia

    Asian business and lobby groups on Monday welcomed a deal by rich and poor nations to move forward on slashing farm subsidies and opening industrial markets but warned the devil was in the details. Business

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  • Procter & Gamble Co on Monday posted a 44 percent rise in quarterly profit from a year earlier when it took restructuring charges, and also said it expects double-digit earnings growth for the fiscal year

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  • Procter & Gamble Co on Monday posted a 44 percent rise in quarterly profit from a year earlier when it took restructuring charges, and also said it expects double-digit earnings growth for the fiscal year

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on EU claims victory from world trade pact

    The EU on Monday claimed victory from the landmark world trade pact, underlining that it would not have to cut agricultural spending for a decade and that Washington faced a bigger task unravelling its farm

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on HSBC, BNP and ABN Amro second-quarter profits beat expectations

    Three of Europe's largest banks, HSBC, ABN Amro and BNP Paribas, posted better-than-expected second-quarter profits on Monday, helped by lower loan provisions and growth in retail and consumer banking. Investment banking, which has been a

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on HSBC, BNP and ABN Amro second-quarter profits beat expectations

    Three of Europe's largest banks, HSBC, ABN Amro and BNP Paribas, posted better-than-expected second-quarter profits on Monday, helped by lower loan provisions and growth in retail and consumer banking. Investment banking, which has been a

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on General Motors plans more jobs cuts in Europe

    The world's largest auto-maker, General Motors, said Monday it planned further job cuts in Europe as part of a radical overhaul of its business on the continent. "It's clear, we have too many people drawing

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