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Archive for  February 2005

    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Tokyo platinum hits 2 1/2-month high on buybacks

    Tokyo platinum futures extended gains to a fresh 2 1/2 month high on Tuesday, as the market's technical strength prompted speculative buying by overseas operators and stop-loss orders from local investors. The December platinum futures

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on New York gold retreats but closes above three-week low

    US gold futures fell almost 1 percent but ended above a three-week low on Monday, as traders unwound last week's safe haven bets after Iraqi voters defied insurgents to vote in the weekend election, dealers

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Gold steady in Asia after New York drop, India active

    Gold held steady in Asian trading on Tuesday as jewellers and investors bought at lower levels, after losing nearly $4 an ounce in New York. Spot gold was at $422.15/422.65 an ounce after touching a

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  • The Sri Lanka rupee weakened on Tuesday on heavy importer demand for dollars to settle trade bills and in the absence of dollar sales by state banks, dealers said. Copyright Reuters, 2005

    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Bulgartabak sale collapses as BAT withdraws

    The drawn-out sale of Bulgarian state tobacco firm Bulgartabak collapsed on Tuesday when the sole bidder, British American Tobacco, withdrew a 200 million euro offer for the company's three best factories. Analysts and the IMF

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Euronext would consider London base

    European stock market operator Euronext would consider basing all its operations in London if its expected bid for the London Stock Exchange is successful, the Times newspaper reported on Tuesday. The report said that Euronext

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Indian communists ask government not to sell BHEL stake

    India's communists, a vital prop of the ruling coalition, urged the government on Tuesday not to sell a stake in engineering firm Bharat Heavy Electricals Ltd (BHEL) and not to allow more foreign investment in

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on UK broker consolidation kicks off with twin deals

    Two British stockbrokers were snapped up on Tuesday in deals that kicked off long-awaited consolidation in the UK's fast-growing mid-cap broking sector, where activity has outpaced the FTSE 100 over the past year. In two

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on French unions vow to fight changes to 35-hour week

    French trade unions accused the government of trying to hoodwink workers into accepting changes to their prized 35-hour week, vowing to fight the plan even as parliament prepared to debate it on Tuesday. Prime Minister

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Sharp posts third quarter profit rise on LCDs, keeps outlook

    Japan's Sharp Corp on Tuesday posted an 11 percent rise in quarterly profit as strong sales of liquid crystal displays (LCDs) and mobile phones offset falling chip prices, and it left its full-year outlook unchanged.

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