Venezuela to take over top foreign cement companies

April 7, 2008 on 11:28 pm | In Business News | No Comments

CARACAS (Reuters) - Venezuela will take a majority stake in top foreign cement companies’ assets in a renewed nationalization drive, the government said on Monday, a move expected to reinforce a tough climate for foreign investment in the oil state.

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Venezuela to take over top foreign cement companies

IMF agrees to sell some gold

April 7, 2008 on 10:45 pm | In Business News | No Comments

WASHINGTON (Reuters) - The International Monetary Fund agreed on Monday to put the IMF’s finances on sounder footing by selling some of its gold and investing the profits in government and corporate bonds, and possibly equities.

IMF agrees to sell some gold

Asian shares slip

April 7, 2008 on 10:41 pm | In Business News | No Comments

SINGAPORE (Reuters) - Asian shares sagged on Tuesday, led by financials as news of a possible capital injection at the largest U.S. thrift failed to eliminate concerns about more bank writedowns.

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Asian shares slip

U.S. stocks pare gains

April 7, 2008 on 4:16 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. stocks pared solid gains to close little changed on Monday after a jump in crude oil raised fears about corporate profits and curbed enthusiasm that a potential capital infusion at the largest U.S. thrift may mean the …

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U.S. stocks pare gains

Yahoo rebuffs Microsoft again

April 7, 2008 on 3:20 pm | In Business News | No Comments

NEW YORK (Reuters) - Yahoo , responding to a three-week deadline issued by Microsoft to accept its $42 billion (21 billion pounds) takeover bid, again rejected the deal for undervaluing the Web pioneer.

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Yahoo rebuffs Microsoft again

Leaders turn up volume on credit crunch ahead of G7

April 7, 2008 on 2:25 pm | In Business News | No Comments

LONDON (Reuters) - Governments must act together to protect the global economy and prevent another credit crisis from infecting markets, top financial officials said on Monday, ahead of key talks between economic powers this week.

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Leaders turn up volume on credit crunch ahead of G7

Darling says G7 must consider options on markets

April 7, 2008 on 1:27 pm | In Business News | No Comments

LONDON (Reuters) - The credit crunch is one of the worst financial crises in decades and rich nations must consider all options to calm markets and stem the economic fallout, Chancellor Alistair Darling said on Monday.

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Darling says G7 must consider options on markets

Darling says G7 must consider all options on credit crunch

April 7, 2008 on 12:15 pm | In Business News | No Comments

LONDON (Reuters) - The G7 group of industrialised nations must consider all policy options to ease the credit crunch and stave off any further negative economic impact, Chancellor Alistair Darling said on Monday.

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Darling says G7 must consider all options on credit crunch

Novartis to buy Alcon stake for $39 billion

April 7, 2008 on 12:11 pm | In Business News | No Comments

ZURICH (Reuters) - Novartis AG has agreed to buy Nestle AG’s 77 percent stake in U.S. company Alcon in a deal worth up to $39 billion to boost its eye care business, the Swiss drugmaker said on Monday.

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Novartis to buy Alcon stake for $39 billion

FTSE hits 5-week closing high above key 6,000-mark

April 7, 2008 on 12:03 pm | In Business News | No Comments

LONDON (Reuters) - The top share index crossed the psychologically key 6,000-mark to hit its highest closing level in five weeks on Monday, helped by bid talk around British Energy and an upbeat Goldman Sachs note on miners.

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FTSE hits 5-week closing high above key 6,000-mark

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