Archive for November 2005
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State-backed Dubai Ports World agreed to buy UK ports and ferries group P&O for 3.3 billion pounds ($5.7 billion) on Tuesday, creating the world's third-largest ports company. Dubai Ports offered 443 pence per share in
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Turkey unveiled sweeping cuts in corporate, income and investment taxes on Tuesday, in a push to lure more investment to his EU candidate country amid intense rivalry among emerging markets. Economists welcomed the move which
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Ukrainian President Viktor Yushchenko pledged on Tuesday to proceed with major market reforms and speed up privatisation to stimulate growth next year of up to 7 percent of gross domestic product. "We would like to
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Top mobile phone chip maker Texas Instruments Inc on Tuesday introduced a high-speed wireless chip for use by a wider set of mobile handset makers, especially in advanced Asian markets. The chip is based on
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New US home sales hit a new record in October, while durable goods orders rose by 3.4 percent as aircraft demand surged, but non-transportation orders were barely changed, data on Tuesday showed. While consumers may
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Global economic growth quickened in the last few months and inflation is under control despite high world oil prices, the Organisation for Economic Co-operation and Development said on Tuesday. In a twice-yearly report, the Paris-based
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Philippines share prices closed flat Tuesday following disappointing third quarter growth figures, dealers said. They said the market likely to take a breather after a three-day weekend and hitting eight-month highs last week. The markets
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Hong Kong blue chip stocks fell 0.8 percent on Tuesday following losses on Wall Street and on persistent concern about the impact of higher interest rates on the local property market. "It was a healthy
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Taiwan stocks fell 1 percent on Tuesday, retreating from the last session's more than 3-month high close as major electronics shares such as UMC followed their US counterparts lower. The TAIEX share index ended down
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US stocks fell on Monday as energy stocks, including Exxon Mobil Corp, tumbled on a big drop in oil prices and retailers lost ground on worries that a strong start to the holiday season may
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