Business News Headlines

BCE buyers finalize funding

Sat, 05 Jul 2008 05:01:01 +0800

By Wojtek Dabrowski

U.S. champion retains hot dog eating title

Sat, 05 Jul 2008 04:19:41 +0800

NEW YORK, July 4 (Reuters) - U.S. defending champion Joey Chestnut won the annual Nathan's Famous Hot Dog Eating Contest on Friday by downing 64 hot dogs in a competition that stretched into a first-ever overtime.

ASX substantial shareholding notices - July 8

Sat, 05 Jul 2008 04:15:08 +0800

The following substantial shareholder notices were made to the Australian Stock Exchange (ASX) yesterday.

World stocks fall on financial shares, oil drops

Sat, 05 Jul 2008 03:35:38 +0800

By Elzio Barreto

Philippine inflation hits 14-year high in June

Sat, 05 Jul 2008 02:11:00 +0800

Rising food and energy prices in the Philippines pushed its June inflation rate to 11.4 percent, the highest level in 14 years, the government said Friday.

Indonesian president inaugurates massive Total gas fields

Sat, 05 Jul 2008 02:10:00 +0800

Indonesian President Susilo Bambang Yudhoyono inaugurated Friday a massive new gas operation off Borneo by French giant Total, the company said.

EU steps up scrutiny of BHP takeover of Rio Tinto

Sat, 05 Jul 2008 02:07:00 +0800

The European Commission on Friday opened an in-depth antitrust probe into mining giant BHP's hostile takeover of rival Rio Tinto over "serious doubts" the deal could stifle competition amid soaring commodities prices.

Merrill nears deal to sell Bloomberg stake: report

Sat, 05 Jul 2008 02:01:26 +0800

NEW YORK (Reuters) - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.

French bank body fines SocGen $6 million over Kerviel

Sat, 05 Jul 2008 01:34:07 +0800

PARIS (Reuters) - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss.

Oil falls below $144 as Iran responds to nuclear offer

Sat, 05 Jul 2008 01:17:42 +0800

By Jane Merriman