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Archive for the ‘News’ Category
The Mexican silver miner—Fresnillo, increased pre-tax profits by 71% to $457.4 million last year but has postponed a decision on the final dividend amid higher capital spending and uncertainly over metal prices.
After raising the silver and gold production to record levels, the FTSE 100 company increased its revenues by 18% to $849.9 million. A decision [...]
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- Tags: Profits Rise
Washington has backed down on proposals to stop investment banks from involving in proprietary trading avtivities.
Though Mr Obama initially appeared to take a tough stance on the Wall Street banks and said that he would ban them from proprietary trading and investing in hedge funds, it is believed that the White House has been forced [...]
It has been announced that a US food conglomerate—San Francisco-based Diamond Foods is paying to buy a UK crisp company—Kettle Foods out for £400m, following the recent controversial sale of muchloved British chocolate maker Cadbury to US firm Kraft for £11.5bn.
The deal is expected to go through 2010.
According to Michael Mendes, chairman of Diamond Foods, [...]
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- Tags: food market
As the US central bank—the Federal Reserve increased the discount rate from 0.5% to 0.75% last week, there come an immediate assumption that the long period of low U.S. interest rates are coming to an end.
If that was the case in the U.S., could the UK be far behind?
The Fed Chairman Ben Bernanke has tried [...]
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- Tags: Federal Reserve
Remained muted U.S. retail sales rose by unexpectedly fast in January, the government said on Friday, but hopes that consumers will emerge as the driving force behind the economic recovery after a separate survey showed an unexpected drop in consumer sentiment.
With unemployment rate at 9.7% and the housing market in the doldrums, the consumer in [...]
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