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GM, Chrysler grateful for bailout
12-19 23:09
General Motors said it is grateful for a government rescue package and acknowledged it has ''much work'' to do in order to return to profitability. GM, ...
Polaroid seeks Chapter 11 protection amid fraud probe
12-19 23:05
Polaroid, the iconic inventor of the instant photo camera, has filed for bankruptcy protection amid a fraud probe into its parent company, Petters Group Worldwi...
US stocks head up on auto rescue
12-19 22:52
US stocks headed higher in opening trade on the last day of the trading after the Bush administration offered automakers a US$13.4 billion (HK$104.52 billion...
COSL to buy drilling vessels from sister company
12-19 22:07
China Oilfield Services Ltd (2883) has agreed to buy three drilling vessels for 1.9 billion yuan (HK$2.15 billion) in total from its sister company. T...
Oil volatility in no one's interest, warns Brown
12-19 20:30
British Prime Minister Gordon Brown said oil price volatility is ''in no one's interest'' at a meeting of major oil producing and consuming nations, as prices ...
European bourses dive in tandem with oil, metal prices
12-19 20:22
Europe's main stock markets dived at the opening on the last trading day of the week as the energy and mining sectors took a big hit from plunging crude oil and me...
Legislator falls in CITIC Pacific scuffle
12-19 16:48
Democratic Party legislator James To Kun-sun said he reserves his rights to file a complaint after falling during a scuffle with security personnel at a hotel ...
CITIC Pacific gets green light for US$1.5b rescue move
12-19 16:43
CITIC Pacific (0267) said its shareholders approved a US$1.5 billion (HK$11.7 billion) convertible bond issue to its parent company in an extraordinary me...
Oil sinks below US$34 mark
12-19 15:24
The price of New York oil sank under US$34 (HK$265.20) per barrel at the end of the trading week for the first time for more than four and a half years, as ...
US stocks slide on oil, GE fears
12-19 14:35
US stocks ended sharply lower on market concerns over a collapse of oil prices and a lowering of American giant General Electric's credit outlook and that of i...
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