(Reuters) - The group, Airline Partners Australia, said on Saturday it has received last-minute backing from a large U.S. investor for the takeover, giving it enough acceptances to extend the offer, but missing a Friday deadline for acceptances.
Read more at Reuters.com Mergers News
Saturday, May 5, 2007
Pope Benedict Shows No Sign of Luring John Paul's Masses in Brazil Sojourn
(Bloomberg) -- Pope Benedict XVI will barely get a glimpse of Potim when he rides along a 7-kilometer stretch of the town during a trip to Brazil next week.
That hasn't stopped the community of 17,000 people from spending 209,000 reais ($103,000) to pave dirt roads and build sidewalks to welcome Benedict on his first visit to South America as pope. He will open a conference for Latin American and Caribbean bishops in the Brazilian city of Aparecida during the journey May 9-13.
Read more at Bloomberg Exclusive News
That hasn't stopped the community of 17,000 people from spending 209,000 reais ($103,000) to pave dirt roads and build sidewalks to welcome Benedict on his first visit to South America as pope. He will open a conference for Latin American and Caribbean bishops in the Brazilian city of Aparecida during the journey May 9-13.
Read more at Bloomberg Exclusive News
Ecuador threatens to sue banks for overcharging
(Reuters) - "I tell them to lower their interest rates and commissions ... If not, the government will sue them," Correa said in his weekly radio address, adding that banks cannot charge clients more than the 14 percent conventional interest rate.
"I give these banks and businesses that are breaking the law a week to start complying."
Read more at Reuters.com Bonds News
"I give these banks and businesses that are breaking the law a week to start complying."
Read more at Reuters.com Bonds News
U.S. Dollar Rises From Record Low Versus Euro As Economic Concern Eases
(Bloomberg) -- The dollar rose from a record low against the euro as private reports showing resilience in U.S. manufacturing and services industries reduced concern over a slowdown in the world's largest economy.
The U.S. currency also touched a two-month high versus the yen this week as April data showed manufacturing was the strongest in almost a year and services including banking and retailing grew the fastest in three months. The gain may fizzle on bets the European Central Bank will signal further increases in borrowing costs while the Federal Reserve holds its benchmark rate steady at policy meetings next week.
Read more at Bloomberg Currencies News
The U.S. currency also touched a two-month high versus the yen this week as April data showed manufacturing was the strongest in almost a year and services including banking and retailing grew the fastest in three months. The gain may fizzle on bets the European Central Bank will signal further increases in borrowing costs while the Federal Reserve holds its benchmark rate steady at policy meetings next week.
Read more at Bloomberg Currencies News
Bank of America sues ABN,deepens takeover turmoil
(Reuters) - Bank of America sued ABN AMRO on Friday, seeking damages and a court injunction to block the sale of ABN's U.S. unit, LaSalle Bank, to a rival bidder, further complicating the fight for control of the Dutch bank.
ABN, which has agreed to be taken over by Britain's Barclays, was in talks late on Friday with a group of rival suitors led by Royal Bank of Scotland about their proposed offer, sources familiar with the matter said.
Read more at Reuters Africa
ABN, which has agreed to be taken over by Britain's Barclays, was in talks late on Friday with a group of rival suitors led by Royal Bank of Scotland about their proposed offer, sources familiar with the matter said.
Read more at Reuters Africa
W/Bank staff air concern at Wolfowitz controversy
(Reuters) - More than 700 World Bank staff have signed a letter expressing concern and calling for a resolution of a crisis involving bank President Paul Wolfowitz as a decision over his leadership looms.
In a rare move, the 718 employees asked to add their names to a letter first circulated on April 26 by 46 World Bank officials working to implement the bank's anti-corruption strategy. The surge of signatures, on a public letter on the bank's Web site, reflected signs of increasing discontent.
Read more at Reuters Africa
In a rare move, the 718 employees asked to add their names to a letter first circulated on April 26 by 46 World Bank officials working to implement the bank's anti-corruption strategy. The surge of signatures, on a public letter on the bank's Web site, reflected signs of increasing discontent.
Read more at Reuters Africa
U.K. Pound Gains on Prospect the Bank of England Will Lift Rates Next Week
(Bloomberg) -- The pound logged a weekly gain against the euro on speculation the Bank of England will raise interest rates next week in order to curb above-target inflation.
The U.K. currency touched a quarter-century high versus the dollar in the past month as a report showed inflation at 3.1 percent. Separate data this week said inflation will hold above the BOE's 2 percent target for another year. The pound yesterday failed to trade above the $2 milestone for the first time since April 17.
Read more at Bloomberg Currencies News
The U.K. currency touched a quarter-century high versus the dollar in the past month as a report showed inflation at 3.1 percent. Separate data this week said inflation will hold above the BOE's 2 percent target for another year. The pound yesterday failed to trade above the $2 milestone for the first time since April 17.
Read more at Bloomberg Currencies News
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