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Archive for  February 2005

    • News Desk
    • Feb 19th, 2005
    • Comments Off on MTFG breaks silence with $29 billion UFJ offer

    Mitsubishi Tokyo Financial Group (MTFG), Japan's second-largest bank, offered $29 billion for fourth-ranked lender UFJ Holdings on Friday, ending months of silence over the terms of its bid to create the world's biggest banking group.

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on MTFG breaks silence with $29 billion UFJ offer

    Mitsubishi Tokyo Financial Group (MTFG), Japan's second-largest bank, offered $29 billion for fourth-ranked lender UFJ Holdings on Friday, ending months of silence over the terms of its bid to create the world's biggest banking group.

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  • United Parcel Service (UPS) will hire an additional 200 pilots to support its rapidly expanding air business, according to a press release issued recently. UPS, whose international operations have posted double-digit growth amid surging global

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on India’s Jet Airways IPO fully sold in 10 minutes

    Jet Airways (India) Ltd's IPO of at least $375 million was fully sold within minutes of opening on Friday, as investors rushed to the first Indian airline issue in a decade on hopes of robust

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  • Industrial output in the eurozone increased 0.5 percent in December from November, less than forecast and confirming the area's weaker-than-expected economic performance, Eurostat data showed on Friday. Compared with December 2003, the European Union's statistics

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on UK public finances post biggest surplus in 5 years

    Soaring tax receipts pushed Britain's public finances to their biggest surplus in five years in January, giving finance minister Gordon Brown a welcome boost before an election expected in just three months. The Office for

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on US core producer prices log biggest jump in six years

    Sharp gains in the cost of cigarettes and autos helped push core US producer prices up at their fastest rate in six years in January, the government said on Friday in a report that fanned

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Taiwan stocks end higher as UMC leads tech rebound

    Taiwan stocks closed up 0.71 percent on Friday as UMC led a rebound from the last session's fall after the firm's chairman issued a flat denial of illegal connections to China's HeJian Technology Co Ltd.

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Malaysian shares close 0.53 percent lower

    Malaysian share prices closed 0.53 percent lower Friday led by losses in blue chips, dealers said. They said investors were trimming their positions ahead of the weekend while waiting for further market moving developments. The

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  • Hong Kong share prices closed 0.86 percent higher Friday as institutional investors, mainly hedge funds, bought blue chips in what appears to be an attempt to push the market ahead, dealers said. They said the

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