Saturday, April 21, 2007

Buyout group says Qantas offer will not be extended

(Reuters) - The consortium also said it would allow shareholders who backed the bid to withdraw their acceptances before the offer went unconditional.

The bid group, Airline Partners Australia , is seeking to shore up support for the world's largest takeover bid following a decline in shareholder acceptances last week.


Read more at Reuters.com Mergers News

UPDATE 1-Virginia Tech pays respects to victims, and gunman

(Reuters) - BLACKSBURG, Va., April 21 - Mourners gathered on Saturday for the funerals of many of the 32 victims killed at Virginia Tech as some students extended a note of forgiveness to the gunman responsible for the massacre.

A small tribute to Seung-Hui Cho, who shot his victims then himself on Monday, has been added to a growing memorial of stones in the center of the sprawling university in southwest Virginia where knots of weeping students continue to gather.


Read more at Reuters.com Bonds News

Mineral exports from Congo's Kivus to slowly resume

(Reuters) - Mineral exports from Congo's eastern Kivu provinces should start to resume next week after the government halted them to enforce rules on processing and transportation, a local official said on Saturday.

The vast, mineral-rich central African country suspended exports from the North and South Kivu provinces -- which produce cassiterite, tungsten ore and coltan -- earlier this week to ensure "counters" who process and export minerals had licences.


Read more at Reuters Africa

European Bonds Gain as Investors Seek Safety Amid Decline in Stock Markets

(Bloomberg) -- European government bonds posted a weekly advance, snapping a four-week losing streak, as a decline in equity markets this week stoked demand for the safety of fixed income securities.

Benchmark 10-year bunds have risen this week as yields near their highest in more than 2 1/2 years lured investors exiting riskier assets. Debt also gained as the euro strengthened against the dollar for a fourth straight week stoking concern about growth in the $10.4 trillion euro-region economy.


Read more at Bloomberg Bonds News

EU welcomes Dutch reassurances on ABN AMRO

(Reuters) - European Internal Market Commissioner Charlie McCreevy welcomed on Saturday reassurances from the Dutch central bank that any takeover of Dutch bank ABN AMRO would be handled fairly.

"Just before the dinner (Dutch central bank board member Henk Brouwer) said that the Dutch central bank would be conducting their business in a fair and balanced way and that there would be no difficulty with that," McCreevy said in Berlin, where finance ministers and central bankers were meeting.


Read more at Reuters Africa