You are currently browsing the Business & Financial News weblog archives for October, 2007.
In III quarter 2007, the largest investment bank of USA Merrill Lynch has incurred the greatest for all history of the company losses. In this connection bank’s board of directors’ has made a decision on removal from a post of the main executive director and President Merrill Lynch.
However, while it is not known, who will […]
Company Kraft Foods, the second-largest food stuffs manufacturer in the world, has signed the agreement on purchase of on cookies manufacturing division with the largest world manufacturer of yoghurts Group Danone.
The price of the transaction will make 5,3 billion euro. Danone Board of directors has approved it. Nevertheless the transaction requires approval by the French […]
Дast week for the first time The price of OPEC’s oil “basket” has exceeded 84 doll./barr.
For the last week OPEC’s oil “basket” rose in price three times - on October 24th, 25th and 26the. Thus twice (on October, 25th and 26th) its price reached record values.
On October, 25th, the price of “basket” has again reached […]
European Union has approved purchase of American petrochemical company Lyondell Chemical Co. by the Netherlands polypropylene manufacturer Basell AF for 19 billion dollars.
Eurocommission considers that the transaction will not put damage of a competition in the European market.
Basell belongs to Access Industries.
Basell will get Lyondell Chemical Co. at the price of 48 dollars per share. […]
Only a year has passed since executive director Microsoft Corp. has skeptically assured adjusted investors from Wall Street, that the corporation still shows good rates of growth. But then this statement caused only laughter since for that moment company’s shares were at record-breaking low level - in 24 doll./share.
However, the financial reporting of the company […]
On the eve investment bank Merrill Lynch&Co has promulgated the financial reporting for III quarter 2007, which has appeared rather unfavorable.
It is spoken in the document that the bank has written off actives for the sum of 7,9 billion dollars under the bonds, provided by hypothecary credits, and also to the credit derivatives, which have […]
The volume of steel made in China practically has been doubled for last four years and has made nearby 530 million tons. On the one hand, it has led to increase in profit of the majority of the steelmaking companies. However, with another - promoted a sharp rise in prices on iron ore, that very […]
Crisis of credits of subprime level, which has created threat of world financial system default and has led to instability in many markets, has very negatively affected profit of many enterprises. In this connection investors now are anxious by searches of the companies which actions, on the one hand, would be not especially risky, and […]
The Great Britain does not plan to enter common all-European currency euro. Such application has been made by the prime minister of the Great Britain Gordon Brown at press conference after end of the two-day summit of EU in Lissabon.
As it has become known, Brown’s predecessor ex-Prime-Minister Tony Blair has repeatedly emphasized on opportunity of […]
Recent crisis in the financial market, the high prices for oil and easing of housing sector of the USA cannot seriously weaken world economy after five years of the confident growth though they constrain it.
Such application has been made on results of the “the big seven” countries and Russia Ministers of Finance meeting, taken place […]
