UK Prime Minister Gordon Brown faced a political and public backlash yesterday after his decision to take ailing bank Northern Rock Plc into public ownership, the first UK nationalization since the 1970s.
French bank Societe Generale, at the center of a huge trading scandal, began investigating trades executed by Jerome Kerviel months before his activities were exposed in January, the Financial Times reported.
German banks may face further writedowns given the difficult market situation, Deutsche Bank Chief Executive Josef Ackermann told Germany's Bild newspaper in an interview published yesterday.
Qatar is accumulating shares in Credit Suisse Group and plans to spend as much as $15 billion on European and US bank stocks over the next year, the Gulf state's prime minister said in an interview.
Toyota Motor Corp, the world's second-largest carmaker, may report the smallest profit growth in four quarters because of the rising yen and slowing US demand.
Mitsubishi Motors Corp, Japan's fastest-growing car exporter, will shut a factory in Australia after the plant's models failed to attract buyers, said three company officials who declined to be named.
Ryanair Holdings Plc, Europe's biggest discount airline, said profit declined for the first time in seven quarters as increased competition hurt ticket prices.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
