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Jp Morgan

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/ 9 May 2008

Gold Fields profit jumps on gold price

Gold Fields, the world’s number four gold producer, posted a 67% rise in quarterly headline earnings on the back of soaring prices for the metal, but production fell on South Africa’s power crunch. Gold Fields said on Friday its adjusted headline earnings per share for the third quarter to the end of March rose to 155 cents from 93 cents in the second quarter.

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/ 23 April 2008

Ticket, please, Mr Blair …

Former British prime minister Tony Blair was left red-faced when he was caught travelling on a train without a ticket and said he had no cash to pay the fare, a report said on Wednesday. Blair was confronted by a ticket inspector as he travelled to Heathrow airport to catch a flight to the United States on Monday.

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/ 17 March 2008

Bank woes, money squeeze batter stocks, dollar

Global stocks fell and the dollar tumbled on Monday as a fire sale of Bear Stearns and an emergency Federal Reserve cut of a key lending rate sparked fears that a worldwide credit crisis will claim more casualties. European shares sank more than 3%, following a sell-off in Asia where Japan’s leading indexes shed more than 3,5%.

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/ 17 March 2008

JP Morgan to buy Bear, Fed opens lending to Wall Street

JP Morgan Chase set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the United States Federal Reserve expanded lending to securities firms for the first time since the Great Depression to prop up the financial system. The shock news, the biggest sign yet of how devastating the credit crisis is for Wall Street, slammed the US dollar to a record low against the euro,

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/ 15 March 2008

Credit-crunch woes claim fifth-biggest US bank

The global credit crunch claimed its biggest victim yet on Friday when the United States Federal Reserve orchestrated an emergency bail-out for Bear Stearns after a cash crisis prompted a run on the US’s fifth-biggest investment bank. President George Bush sought to calm fears of a deep recession in the world’s biggest economy.

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/ 18 February 2008

Cheers as Toshiba nears HD DVD surrender

Investors cheered an impending end to a format war for next-generation DVDs on Monday, pushing up shares of both Toshiba, on the verge of abandoning its HD DVD discs, and Sony, the leader of the rival Blu-ray camp. Toshiba shares jumped 5,1% as analysts praised its decision to cut its losses.

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/ 19 November 2007

Mbeki, Zuma fight it out in damaging race

The battle to lead the ruling African National Congress (ANC) has boiled down to President Thabo Mbeki and his former deputy, Jacob Zuma, in a clash that has shaken the party to its core. There are no signs that an economic boom will end anytime soon but millions of South Africans mired in poverty are waiting for the ANC to ease their hardships.

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/ 8 November 2007

Oil resumes march to $100

Oil recouped early losses to resume its march towards the -milestone on Thursday as resurfacing worries of tight winter supplies and continuing dollar weakness put the brakes on some early profit-taking. By 12.57pm GMT, United States crude for December delivery stood 57 cents up at ,94.

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/ 4 September 2007

GDF, Suez agree new energy merger

Gaz de France and Suez on Monday agreed to create the world’s third-largest listed power and gas company after President Nicolas Sarkozy stepped in to prevent the 18-month old deal from collapsing. The politically charged ”merger of equals”, delayed by disputes over valuation and control, will be on the basis of 21 Gaz de France shares for 22 Suez shares.

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