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Citigroup to slash 400 bln dlrs in assets
NEW YORK (AFP) - Citigroup, reeling from the subprime mortgage crisis, said Friday it plans to sell roughly 400 billion dollars in assets in a streamlining reorganization aimed at restoring the US...

US trade gap soothed by falling imports, weak dollar
WASHINGTON (AFP) - The US trade deficit shrank more than expected in March to 58.2 billion dollars, as imports fell sharply and as the weak dollar continued to underpin exports, a government survey...

Oil prices extend record run, break 126 dollars
NEW YORK (AFP) - Oil prices briefly surged to a record high above 126 dollars on Friday, driven into uncharted territory by speculators trying to take advantage of global supply concerns, analysts...

IMF approves 3.65 billion dollar loan to Turkey
WASHINGTON (AFP) - The International Monetary Fund on Friday approved a 3.65-billion-dollar loan to Turkey, the final segment of a three-year stand-by credit worth nearly 10 billion...

EDF makes offer for British Energy: report
LONDON (AFP) - State-owned French power company EDF has submitted an offer for nuclear power operator British Energy, the BBC reported Friday on its website.The BBC said EDF had put forward its bid...

Decision on Danish euro referendum in next two months: PM
BUDAPEST (AFP) - The Danish government expects to decide within two months on the date of a referendum on joining the eurozone, Prime Minister Anders Fogh Rasmussen said during a visit to Hungary on...

Microsoft appeals against record EU anti-trust fine
BRUSSELS (AFP) - Microsoft on Friday lodged an appeal at a European court against a record 899 million euro (1.39 billion dollar) fine imposed on it by the EU Commission for defying a landmark...

Former Siemens chief will not face penal charges: prosecutor
MUNICH, Germany (AFP) - Heinrich von Pierer, former Siemens chief and supervisory board president, will not face penal charges in connection with a vast corruption scandal at the German engineering...

Guinness set for major Irish shake-up: Diageo
DUBLIN (AFP) - Diageo, the alcoholic beverages giant, said on Friday it planned to overhaul its Guinness operations in Ireland to cut costs and boost production of its distinctive black...

Big eurozone companies facing tighter credit conditions: ECB
FRANKFURT (AFP) - Financial market turbulence has led to a tightening of eurozone credit standards, particularly for loans to big companies, the European Central Bank said on Friday."Banks...

Canada blocks sale of top space company to US firm: minister
OTTAWA (AFP) - Canada's industry minister confirmed Friday he is blocking the sale of leading space firm MacDonald Dettwiler and Associates to a US defense contractor, saying it provided no net...

Protesters rally in SKorea ahead of US beef imports
SEOUL (AFP) - Thousands of protesters rallied in the South Korean capital Friday to denounce the decision to resume US beef imports as the government struggled to dispel a growing scare over mad cow...

Oil hits record highs above $126
LONDON (AFP) - Oil prices hit a record high above 126 dollars on Friday, driven into uncharted territory by speculative interest amid concerns about tight global energy supplies, analysts said.New...

Oil price jumps above $126 for first time
LONDON (AFP) - Oil prices hit a record high above 126 dollars on Friday, driven by speculative interest amid concerns about tight global energy supplies, analysts said.New York's main oil futures...

US trade deficit narrows to $58.2 bln
WASHINGTON (AFP) - The US trade deficit shrank to 58.2 billion dollars in March from a revised 61.7 billion a month earlier, as the weak dollar fueled a surge in exports, the Commerce Department...

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