Ofcom is reported to have decided to postpone an auction of spare 3G spectrum until 2008 following lobbying from existing licensees. The auction is understood to have been due later this year and was expected to raise as much as GBP2 billion (USD4 billion) for the government. The watchdog acknowledged that the ‘wide range of […]
Deutsche Telekom is backing the internet telephone company Jajah, becoming the first major phone company to support such technology.
Jajah provides voice over internet protocol (VoIP) services, which allow people to make calls over the internet at a fraction of the usual prices.
Deutsche Telekom is investing in Jajah through its investment arm T-Online Venture Fund.
Intel’s investment […]
A group led by Royal Bank of Scotland has outlined a proposed offer for ABN Amro which values the Dutch bank at 71.1bn euros ($95.6bn; £48.2bn).
It is a rival to the all-share agreed offer from Barclays Bank, which is currently valued at 63bn euros.
The interest from the consortium, which includes Belgium’s Fortis and Banco Santander […]
German-based Deutsche AG Bank’s arm in Singapore has entered into a deal with a Vietnamese state-run bank MHB to offer consulting services for the local bank’s share auction set for this year.
Under the deal signed last Friday, Deutsche Bank AG Singapore and its sub-contractors will consult MHB – the Housing Bank of Mekong Delta – […]
Hong Kong stocks could open flat on Tuesday as investors await key U.S. economic data due later in the week, but property stocks should get a boost from a government land auction later in the day.
The futures market will be busy a day before the expiry of May futures and options.
“The land auction could be […]
China’s customs authorities have begun checking food exports, like some proteins and glycerine which is used in toothpaste, after a series of health scares abroad involving tainted Chinese-made products.
US consumers have been alarmed by a spate of pet deaths blamed on tainted wheat gluten and rice protein exported from China, as well as reports of […]
Norwegian Norsk Hydro is preparing an offer to buy Canadian aluminum giant Alcan, which is already the target of a takeover bid by the US firm Alcoa, the Toronto Globe and Mail reported on Monday.
Norsk Hydro, which is 43% owned by the Norwegian government, is readying an offer of more than $30bn, the newspaper wrote, […]
Canadian stocks rose, led by Alcan Inc., as surging metal prices and an increase in mergers sent shares of commodity producers higher.
Alcan climbed on a Globe and Mail report that Norsk Hydro ASA is preparing a bid worth more than $30 billion for the Canadian aluminum miner. Teck Cominco Ltd., the world’s second- largest zinc […]
The Treasury’s schedule of financing this week included today’s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow.
At the close of the New York cash market on Friday, the rate on the outstanding three-month bill was at 4.86 percent, on the six-month issue 4.96 percent, and on the […]
Hoping to tackle the growing problem of pump-and-dump stock scams Microsoft has quietly filed lawsuits against at least three alleged perpetrators who it says used its MSN Hotmail networks to promote stocks.
Hotmail has “received large volumes of unsolicited commercial e-mail messages†promoting stocks for companies such as Distributed Power, TGC Ventures, China Biolife Enterprises, and […]
