(Reuters) - SYDNEY, April 22 - A buyout group including Macquarie Bank Ltd said on Sunday it would not extend its A$11 billion bid for Australia's Qantas Airways Ltd beyond May 4, but would speed up payments to shareholders who accepted.
Seeking to shore up support for the world's biggest airline takeover, the consortium also said shareholders would be allowed to withdraw their acceptances if they wanted to back out before the offer goes unconditional.
Read more at Reuters.com Mergers News
Saturday, April 21, 2007
Indonesia awaits Newmont pollution case verdict
(Reuters) - The U.S. miner and the chief of its local unit, Richard Ness, are charged with dumping toxic substances into a bay near a now defunct gold mine on Sulawsi island, making villagers sick.
Newmont and Ness deny the charges, pointing to studies that have found no evidence of pollution. If convicted, Ness could be jailed for three years and Newmont heavily fined.
Read more at Reuters.com Business News
Newmont and Ness deny the charges, pointing to studies that have found no evidence of pollution. If convicted, Ness could be jailed for three years and Newmont heavily fined.
Read more at Reuters.com Business News
UPDATE 1-Batelco, PCCW and Verizon get Saudi fixed-line okay
(Reuters) - RIYADH, April 21 - Consortia led by Bahrain Telecommunications Co. , Hong Kong's PCCW and U.S. Verizon Communications have won initial approval to operate Saudi Arabia's new fixed-line phone network, a Saudi regulator said on Saturday.
The three new firms set up to operate the fixed-line services would also sell shares in initial public offerings before the end of 2008, said Abdulrahman al-Fehaid, deputy governor at the Communications and Information Technology Commission .
Read more at Reuters.com Mergers News
The three new firms set up to operate the fixed-line services would also sell shares in initial public offerings before the end of 2008, said Abdulrahman al-Fehaid, deputy governor at the Communications and Information Technology Commission .
Read more at Reuters.com Mergers News
U.S. Dollar Drops to 27-Month Low Against Euro Amid Talk of Fed Rate Cut
(Bloomberg) -- The dollar dropped to a 27-month low against the euro as signs of slowing inflation and growth lessen the currency's appeal.
The U.S. currency also tumbled to the weakest against the British pound in 26 years as investors bet the Federal Reserve will cut borrowing costs later this year while the European Central Bank and Bank of England raise rates. The dollar dropped this week against 14 out of 16 most actively traded currencies tracked by Bloomberg.
Read more at Bloomberg Currencies News
The U.S. currency also tumbled to the weakest against the British pound in 26 years as investors bet the Federal Reserve will cut borrowing costs later this year while the European Central Bank and Bank of England raise rates. The dollar dropped this week against 14 out of 16 most actively traded currencies tracked by Bloomberg.
Read more at Bloomberg Currencies News
Saudi Shares Decline, Led by Alujain; Kuwaiti Equities Gain: Arab Stocks
(Bloomberg) -- Saudi Arabia's benchmark stock index fell, led by Alujain Corp., National Shipping Co. and Al-Ahsa Development Co. Shares in Kuwait advanced.
Saudi Arabia's Tadawul All Share Index slipped 1 percent to 7411.26 at 12:20 p.m. in Riyadh as 54 stocks fell, 24 gained and 10 were unchanged. The index has lost 6.7 percent this year after plunging 53 percent last year.
Read more at Bloomberg Stocks News
Saudi Arabia's Tadawul All Share Index slipped 1 percent to 7411.26 at 12:20 p.m. in Riyadh as 54 stocks fell, 24 gained and 10 were unchanged. The index has lost 6.7 percent this year after plunging 53 percent last year.
Read more at Bloomberg Stocks News
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