- Info
FT.com - Basic Industries
FT.com - Basic Industries
| Dec 05, 2008 |
Honda quits F1 as financial crisis bites
Sport's financial crisis deepens as the Japanese carmaker breaks the news that it is pulling out of Formula One, prompting flood of calls from staff to other racing teams
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| Dec 05, 2008 |
China's Yanzhou Coal courts Australia's Felix
China's strategic interest in the Australian resources sector is continuing after Yanzhou Coal Mining was unmasked as a suitor for Felix Resources, the coal mining group
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| Dec 04, 2008 |
Philips
The picture painted on Thursday by the Dutch electronics group as it cut its trading outlook was grim enough to make even the most grizzled investors blanch
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| Dec 04, 2008 |
Big Three open to oversight
Members of the US Congress gave the Big Three US automakers' request for billions of dollars in federal aid a far warmer welcome than just two weeks ago in an indication that a bail-out of Detroit may be gaining political momentum
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| Dec 04, 2008 |
Carmakers deny bankruptcy plans
General Motors and Chrysler reiterated their opposition to Chapter 11 filings after reports that they were planning pre-arranged bankruptcy proceedings as the last-resort price of securing a federal bail-out
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| Dec 04, 2008 |
Ford's strength splits the big three
While the three US carmakers are usually lumped together as the Detroit Three or the Big Three, events this week have exposed a gulf between Ford Motor and its more troubled rivals, General Motors and Chrysler
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| Dec 04, 2008 |
New auto sales in Brazil slump 25 per cent
Production has fallen even more sharply, by 34 per cent, as automakers adjust to a collapse in consumer sentiment following the onset of the global credit crisis
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| Dec 04, 2008 |
Argentine carmakers in $900m stimulus
The government move is a key part of a 13.2bn pesos stimulus package for Argentina's industrial and agricultural sectors, designed to kick-start slackening demand and protect jobs with subsidies and cheap longer term credits
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| Dec 04, 2008 |
Auto bankruptcy options
Detroit's carmakers and a divided Congress have nearly reached the point of ripping out their steering wheels and brake pedals as they hurtle towards one another
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| Dec 04, 2008 |
Philips warns of speed and depth of recession
The Dutch electronics conglomerate warned that the global economy was declining much faster and deeper than expected, as it abandoned profitability targets for 2010 and indicated that it anticipated a net loss in the fourth quarter
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| Dec 04, 2008 |
Rate cuts fail to lift house sales, says Bellway
Housebuilders are seeing no benefit from interest rate cuts and the government plan to help homeowners threatened with repossession would make no difference to new housing sales
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| Dec 04, 2008 |
Big is better
Chalva Tchigirinski, 59, the Russian billionaire co-owner of Sibir Energy, has been behind some of the biggest excesses of Russia's property development boom,...
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| Dec 04, 2008 |
Boost on home front as Fed action starts to feed through
Banks and homebuilders were among the favourite stocks as investors hunted for bargains during a volatile session that finished with a strong rally. Short positions in...
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| Dec 04, 2008 |
Chinese group sues Vale Inco
A large Chinese battery manufacturer is suing two units of Vale, one of the world's largest mining companies, in a patent infringement case that highlights the growing number of Chinese companies using local courts to protect their interests
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| Dec 03, 2008 |
Detroit paints an increasingly bleak picture
For those inured to the Detroit car industry's worsening problems, the business plans presented to Congress by the carmakers as back-up for their request for federal aid seemed to contain little that was new
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| Dec 03, 2008 |
Sweden rules out taking over carmakers
Stockholm will not nationalise Saab or Volvo, leaving their owners – General Motors and Ford respectively – to consider options, including a sale
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| Dec 03, 2008 |
Carmakers on a road to nowhere
The US motor industry should not be helped to stumble on through the downturn. Any state support should focus on forcing the Big Three to consolidate
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| Dec 03, 2008 |
Merckle at risk of losing empire
German billionaire who lost large sums by betting on falling share prices may have to hand over control of large parts of his industrial empire to his banks.
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| Dec 03, 2008 |
US auto union makes concessions
The main car workers' union said that it would suspend a contentious practice that allows so-called 'idled' car workers to collect virtually full pay and benefits without working
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| Dec 03, 2008 |
Dassault in pledge over Thales chief role
Aircraft group will not put forward own executive should Ranque leave in wake of stake sale
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