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Miffed by the valuation of its 20% stake in Airbus by NM Rothschild, BAE is to order a formal audit of Airbus before deciding if it sells its stake. The value of the stake made by Rothschild comes in at $US3.5bn – which is about a third less than BAE and the market expected....
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Only three days ago it was a ‘dead cert’ that the Bank of Japan would raise its rates from an effective zero on the 14th July. Now, however, it all seems uncertain again. Yesterday Japan’s Economy minister, Kaoru Yosano appeared to back the rise, but the finance minister Sadakazu Tanigaki stressed that the bank...
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It seems that Mr Bush’s attention on Iran and its nuclear ambitions has annoyed Kim Jong II, the petulant Democratic People’s Republic of Korea. Long used to attention from the USA, North Korea has recently been put on the back burner by Mr. Bush. Perhaps the USA thought that the Korea would just go...
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Accused and found guilty of the largest fraud perpetrated in the USA, Kenneth Lay died of a heart attack in Colorado aged 64 years. Kenneth lay was due to be sentenced on 23rd October this year. It was Kenneth Lay who led Enron’s rise from a dull gas pipeline company to an energy and...
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