Allen takes over helm at EMI Music
The former chief executive of ITV is to take over as executive chairman as the music group, owned by private equity house Terra Firma, seeks to raise £120m in new funds
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NZ dlr touches 5-week high ahead of rate decision
* Kiwi NZD=D4 opens local session around & #36;0.7060 level after touching a high of & #36;0.7098 in the offshore session, the highest since Feb. 3, as risk appetite increases demand for higher yield currencies.
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Employment expected to remain steady
Most economists are expecting unemployment in Australia to remain steady at 5.3 per cent.
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BofA to scrap overdraft fees for card users
Bank of America said it would eliminate overdraft fees for debit card customers in a move designed to quell consumer frustration and keep the bank a step ahead of egulations that restrict such charges
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Northern Rock losses halve to £139m
Gross government lending to state-owned lender rises by £8.5bn to £22.8bn but the group’s underlying loss falls in second half as it splits into ‘good’ and ‘bad’ banks
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Barclays eyes large US bank deal
The UK banking group is looking at buying a large US retail bank as it tries to rebalance its business away from a booming investment banking franchise
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Atlas eyes second takeover after Aurox
Cashed-up miner Atlas Iron is considering another acquisition in addition to its proposed & #36;143 million takeover of junior iron ore explorer Aurox Resources.
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Banks keep gains from card customers
Movements on credit card interest rates over two years show banks have kept 85 per cent of the net benefit gained from the Reserve Bank interest rate cuts.
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Dock strike hits key industries in Finland
HELSINKI (AFP) – A Finnish dock workers’ strike that has crippled the export-reliant Nordic country’s foreign trade entered its fifth day Monday, with major companies saying they were forced to temporarily halt operations.
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Huge land deals threaten poor country farmers: UN expert
GENEVA (AFP) – Subsistence farmers in developing nations are at risk because farmland equivalent to the total amount available in France has been negotiated away to foreign investors since 2006, a UN expert said Monday.
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