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      EXPORTERS SET TO HELP THAILAND SURVIVE SLOWDOWN
      FT, 07-06-2005
      June 7 2005 03÷00 For three years Thailand‘s Ocean Glass, a large producer of high–quality glassware, was being forced to turn away prospective orders because it was running at full capacity. But this year, the Bangkok–based company has decided to expand its capacity by nearly 20 per cent to a >>>


      MANILA AND IMF DISAGREE ON PACE OF FISCAL REFORM
      FT, 07-06-2005
      October 4 2004 13÷21 Such a crisis could be triggered by the country‘s large budget deficit, which has been steadily rising since 1''8 and stood at 1''bn pesos ($3.5bn) last year.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation men >>>


      PAKISTAN‘S SPENDING ON DEVELOPMENT TO RISE 35%
      FT, 07-06-2005
      June 7 2005 03÷00 Pakistan last night announced a sharp rise in spending on development and defence spending for the 2005/06 financial year – in the country‘s first budget in more than a decade without the constraints imposed by an International Monetary Fund programme.

The government will >>>


      PHILIPPINE GDP GROWS AT FASTEST RATE IN 15 YEARS
      FT, 07-06-2005
      January 31 2005 06÷04 Government economists said GDP growth last year was driven not just by one or two sectors but was fairly broad–based. Manufacturing, agriculture, trade, and transport and communication contributed evenly to last year‘s economic expansion, which exceeded government‘s origi >>>


      TAIWAN‘S OPPOSITION LEADER TO MEET CHINA‘S HU
      FT, 07-06-2005
      April 20 2005 11÷43 After China passed an "anti–secession law" enshrining the threat of force against Taiwan, Taipei suspended cross–Strait trade and investment liberalisation.

The government wanted political concessions from Beijing in exchange for reviving dialogue.

The >>>


      TENSION OVER AUSTRALIAN LABOUR REFORM PLAN
      FT, 07-06-2005
      June 7 2005 03÷00 Australia‘s state gov–ernments are considering challenging federal plans to overhaul the country‘s industrial relations system and believe they have a stronger case than first supposed.

The states, all of which are run by the opposition Labor party and are likely to >>>


      ASK THE EXPERT
      FT, 07-06-2005
      May 25 2005 11÷2' The recent article by the FT‘s Peter Norman, author of "The Accidental Constitution", on the EU‘s constitutional treaty has attracted a big and varied response. Here he gives his answers to readers‘ questions.

Send further questions to ask@ft.com The con >>>


      BLAIR PRESSED OVER EU REBATE
      FT, 07-06-2005
      June 4 2005 03÷00 European Union leaders yes–terday piled pressure on Tony Blair to surrender part of the UK‘s controversial EU budget refund or risk plunging Europe into deeper political turmoil.

The prime minister risks finding himself isolated in his rejection of a surprise deal on the n >>>


      BLAIR SEEKS TO HEAL RIFTS OVER EU CONSTITUTION
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair on Monday sought to mend fences with France and Germany over the crisis that has engulfed the European constitution by acknowledging that parts of the treaty must be salvaged at some future date. As the government announced suspension of parliamentary ratification of the EU treaty u >>>


      BLAIR SEEKS TO HEAL RIFTS OVER EU CONSTITUTION
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair on Monday sought to mend fences with France and Germany over the crisis that has engulfed the European constitution by acknowledging that parts of the treaty must be salvaged at some future date. As the government announced suspension of parliamentary ratification of the EU treaty u >>>


      BRITAIN SHOULD PURSUE THE SINGLE MARKET
      FT, 07-06-2005
      June 5 2005 1'÷46 I say right subject, wrong approach. High unemployment, low economic growth and the resulting sense of insecurity in western Europe have fuelled disenchantment with the direction of the European Union. The French and Dutch rejection of the constitution is a great opportunity to get Europe& >>>


      BRUSSELS APPROVES ALITALIA RESTRUCTURING PLAN
      FT, 07-06-2005
      June 7 2005 18÷31 Alitalia, Italy‘s struggling state–owned airline, on Tuesday received European Union approval for a planned restructuring and share offering, a decision that rival carriers are likely to challenge in court.

Ryanair, Europe‘s leading low–cost airline, said the a >>>


      CONSTITUTION CRISIS SEEN AS CHANCE FOR FRESH START
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair‘s allies say one of the prime minister‘s defining characteristics is that when other politicians see a crisis, he sees an opportunity. Judging by his performance in Monday‘s interview with the Financial Times, he has not surrendered this way of viewing the world. F >>>


      CONSTITUTION CRISIS SEEN AS CHANCE FOR FRESH START
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair‘s allies say one of the prime minister‘s defining characteristics is that when other politicians see a crisis, he sees an opportunity. Judging by his performance in Monday‘s interview with the Financial Times, he has not surrendered this way of viewing the world. F >>>


      CROATIA‘S CENTRAL BANK FIGHTS PRESSURE ON EURO–PEG
      FT, 07-06-2005
      June 7 2005 16÷34 The kuna, Croatia‘s currency, faces growing market pressure to slip out of its managed peg to the euro, the country‘s central bank governor told the Financial Times.

Zeljko Rohatinski, governor of the Croatian National Bank, said he did not advocate a de–pegging of t >>>


      DRKW JOBS TO GO IN PUSH FOR RECOVERY
      FT, 07-06-2005
      June 6 2005 1'÷18 The job losses – which could number 50 bankers up to managing director level – are expected over the coming weeks, according to bank insiders.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World US E >>>


      EU NO VOTES ‘HITTING REFORMS IN TURKEY‘
      FT, 07-06-2005
      June 7 2005 16÷52 The political turmoil sparked by the rejection of the European Union constitution in France and the Netherlands is undermining political reforms in Turkey, a senior European commissioner warned on Tuesday.

Günter Verheugen, who oversaw last year‘s expansion into eastern >>>


      G8 SEEN AS CHANCE FOR CLIMATE CHANGE BREAK
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair is still hoping for a breakthrough on climate change under Britain‘s presidency of the Group of Eight leading industrial nations and will use his first in–depth discussion on the subject with President George W. Bush on Tuesday to urge further US action.

But the >>>


      G8 SEEN AS CHANCE FOR CLIMATE CHANGE BREAK
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair is still hoping for a breakthrough on climate change under Britain‘s presidency of the Group of Eight leading industrial nations and will use his first in–depth discussion on the subject with President George W. Bush on Tuesday to urge further US action.

But the >>>


      JOINT VENTURE HOPE LIFTS SIEMENS
      FT, 07-06-2005
      June 6 2005 22÷28 BenQ and Siemens declined to comment on a Financial Times report that they were to form a joint venture to include Siemens‘ mobile phone business.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World US Europe >>>


      JOINT VENTURE HOPE LIFTS SIEMENS
      FT, 07-06-2005
      June 6 2005 22÷28 BenQ and Siemens declined to comment on a Financial Times report that they were to form a joint venture to include Siemens‘ mobile phone business.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World US Europe >>>


      LUXEMBOURG PROPOSES COMPROMISE ON UK REBATE
      FT, 07-06-2005
      June 7 2005 17÷23 Britain and France are being pushed towards a possible deal over the next European Union budget, under which Tony Blair would give up part of the UK‘s rebate if France agrees to cuts in Europe‘s subsidy regime for rural areas.

Jean–Claude Juncker, Luxembourg prime mi >>>


      MCDONALD‘S NAMES NEW EUROPE HEAD
      FT, 07-06-2005
      June 7 2005 18÷36 Denis Hennequin, executive vice president of McDonald‘s Europe, was appointed president of Europe, succeeding Russ Smyth, 48. Mr Smyth is leaving McDonald‘s after 21 years.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation me >>>


      MEDIA GROUP EARMARKS ?400M FOR ACQUISITIONS
      FT, 07-06-2005
      Media & internet Property Retailing & leisure Telecoms Transport "By region" sub navigation US Europe UK UK smaller companies Asia–Pacific Middle East & Africa Americas "Markets" sub navigation Equities Currencies Capital markets Commodities Emerging markets Investor‘s notebo >>>


      MOSCOW AND KIEV TRY TO END GAS DISPUTE
      FT, 07-06-2005
      June 6 2005 20÷52 The heads of Russia‘s and Ukraine‘s national gas companies will hold talks in Moscow today aimed at heading off a dispute over gas supplies from Turkmenistan, central Asia‘s largest gas exporter.

Alexei Miller, chief executive of Russia‘s Gazprom, and Olexy Ivc >>>


      MOSCOW AND KIEV TRY TO END GAS DISPUTE
      FT, 07-06-2005
      June 6 2005 20÷52 The heads of Russia‘s and Ukraine‘s national gas companies will hold talks in Moscow today aimed at heading off a dispute over gas supplies from Turkmenistan, central Asia‘s largest gas exporter.

Alexei Miller, chief executive of Russia‘s Gazprom, and Olexy Ivc >>>


      OBSERVER – EUROPE
      FT, 07-06-2005
      1'÷58 Bono drops in on Barroso European Commission president JosÃ
>>>


      PHILIP STEPHENS÷ BLAIR‘S BRIDGE NEEDS STRONG EUROPE
      FT, 07-06-2005
      June 6 2005 20÷56 Last week‘s rejection of the treaty by voters in France and the Netherlands was greeted in London by the we–told–you–so smirks at which the British establishment excels. Mr Blair was taking a break in Tuscany. But Jack Straw, the foreign secretary, struggled to contain >>>


      PHILIP STEPHENS÷ BLAIR‘S BRIDGE NEEDS STRONG EUROPE
      FT, 07-06-2005
      June 6 2005 20÷56 Last week‘s rejection of the treaty by voters in France and the Netherlands was greeted in London by the we–told–you–so smirks at which the British establishment excels. Mr Blair was taking a break in Tuscany. But Jack Straw, the foreign secretary, struggled to contain >>>


      POOR GERMAN INDUSTRIAL ORDERS SOFTEN ECB ON RATE CUT
      FT, 07-06-2005
      June 6 2005 22÷06 The European Central Bank on Monday took another step back from its refusal to contemplate an interest rate cut as poor German manufacturing orders provided further evidence of eurozone economic weakness.

Otmar Issing, the ECB‘s chief economist, told Handelsblatt, the German bus >>>


      POOR GERMAN INDUSTRIAL ORDERS SOFTEN ECB ON RATE CUT
      FT, 07-06-2005
      June 6 2005 22÷06 The European Central Bank on Monday took another step back from its refusal to contemplate an interest rate cut as poor German manufacturing orders provided further evidence of eurozone economic weakness.

Otmar Issing, the ECB‘s chief economist, told Handelsblatt, the German bus >>>


      SIEMENS SELLS MOBILE PHONE UNIT TO BENQ
      FT, 07-06-2005
      June 7 2005 10÷25 Siemens on Tuesday drew a line under its troublesome engagement in mobile phones, selling the unit to BenQ in a transaction that will allow the Taiwanese manufacturer to considerably expand its international position in the competitive mobile handsets market.

Siemens‘ exit from >>>


      US INDUSTRIALIST HITS AT ‘SOCIALISTIC‘ EU NATIONS
      FT, 07-06-2005
      June 7 2005 18÷17 Countries in the European Union have adopted a "socialistic" legal structure that acts as an impediment to business and puts them behind Switzerland as a place to site important commercial operations, according to the head of a large US packaging company.

Steve McCracken, ch >>>


      AIR OF CRISIS HANGS OVER MEETING OF MINISTERS
      FT, 07-06-2005
      June 7 2005 03÷00 In a temporary building on the windy Luxembourg plateau last night, 12 finance ministers tried to stop Europe‘s political turmoil wreaking further damage on the eurozone‘s economy.

Even before French and Dutch voters said No to the constitution last week, economic problems >>>


      COMBATIVE KROES DECLARES WAR ON ‘FAT DUCKS‘
      FT, 07-06-2005
      January 26 2005 03÷00 Europe‘s most powerful regulator may be wearing a large, golden brooch shaped like a dove of peace, but the jewellery could not be more misleading.

Neelie Kroes was appointed European Union competition commissioner last year not to make peace, but to continue Brussels‘ >>>


      EU REFORM LIKELY TO HIT BIG COMPANIES
      FT, 07-06-2005
      January 26 2005 00÷13 A sweeping reform of the European Union‘s state aid rules, shifting subsidies from big, ailing companies to small and innovative businesses, has been proposed by Neelie Kroes, the EU‘s new competition commissioner.

Ms Kroes also wants to make it more difficult for pros >>>


      G8 SEEN AS CHANCE FOR CLIMATE CHANGE BREAK
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair is still hoping for a breakthrough on climate change under Britain‘s presidency of the Group of Eight leading industrial nations and will use his first in–depth discussion on the subject with President George W. Bush on Tuesday to urge further US action.

But the >>>


      G8 SEEN AS CHANCE FOR CLIMATE CHANGE BREAK
      FT, 07-06-2005
      June 6 2005 21÷57 Tony Blair is still hoping for a breakthrough on climate change under Britain‘s presidency of the Group of Eight leading industrial nations and will use his first in–depth discussion on the subject with President George W. Bush on Tuesday to urge further US action.

But the >>>


      INVESTORS REVIEW OUTLOOK FOR EURO HOLDINGS
      FT, 07-06-2005
      June 7 2005 03÷00 Investors are reviewing their euro–denominated holdings amid fears over lax fiscal policy and the turmoil prompted by last week‘s French and German referendums.

Since its inception in 1''', the euro has developed into the world‘s de facto alternative rese >>>


      JOB LOSSES WARNING OVER EU AID REFORM
      FT, 07-06-2005
      January 31 2005 22÷53 Letters signed by senior ministers from the four countries insist that rich member states should be allowed to continue subsidising companies in their poorer regions.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Hom >>>


      MEPS READY TO GIVE UP PERKS AFTER PENSION PLEDGE
      FT, 07-06-2005
      June 7 2005 03÷00 Members of the European parliament are expected to agree to drop their lavish travel expenses system after receiving yesterday assurances that a possible cut in their salary would be largely compensated for by more generous insurance and pension arrangements.

The salary and expenses r >>>


      PLEA FOR TIME ON EU SUGAR SUBSIDY REFORMS
      FT, 07-06-2005
      June 7 2005 03÷00 Developing world producers yesterday stepped up their campaign against reforms to the EU‘s sugar subsidy regime, arguing that their industries would not survive the radical changes being proposed in Brussels.

JosÃ

>>>


      RUSSIA PLANS 24/7 ENGLISH TV CHANNEL
      FT, 07-06-2005
      June 6 2005 20÷40 The channel, Russia Today, is a project of Mikhail Lesin, a former communications minister who is now a press adviser to Mr Putin, and Alexei Gromov, the president‘s press secretary. It also involves RIA Novosti, the state–controlled news and information agency responsible for pro& >>>


      BUSH ADMINISTRATION TRIES TO PRESERVE SUDAN
      FT, 07-06-2005
      April 15 2005 1'÷21 Robert Zoellick may only rank the equivalent of a deputy foreign minister, but as the most senior US official ever to set foot in rebel–held Rumbek, he was accorded a welcome fit for a head of state. Women ululated and barefoot children jumped up and down in joy as the deputy secre >>>


      ETHIOPIANS GO TO POLLS AMID HARASSMENT CLAIMS
      FT, 07-06-2005
      May 15 2005 18÷0' But even before polls closed, opposition leaders complained of widespread harassment, including the detention and intimidation of hundreds of their election observers.

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      HIGH–TECH ISRAEL TAPS INTO ULTRA–ORTHODOX TALENT
      FT, 07-06-2005
      June 7 2005 03÷00 At first glance, the modern offices of Israel‘s Matrix software company look like any other apart from the separate male and female kitchens, and the room set aside for breastfeeding mothers to express milk.

The young women who work as computer programmers look like career women >>>


      OPPOSITION GROUPS CLAIM LEAD IN ETHIOPIAN ELECTION
      FT, 07-06-2005
      May 1' 2005 03÷00 Ethiopia‘s two main opposition groups contesting elections claimed yesterday to have won most of the parliamentary seats counted so far, saying current trends suggested they would win a historic victory.

The ruling Ethiopian People‘s Revolutionary Democratic Front has >>>


      "LITTLE IMPACT" ON INTEL FROM APPLE PLAN
      FT, 07-06-2005
      June 6 2005 21÷52 Apple to Intel inside made headlines as an unexpected switch between opposing computing camps, but chip analysts and semiconductor rivals saw little prospect of a shift in the bottom line on Monday.

Analysts at Piper Jaffray said the win would be prestigious for Intel but would have li >>>


      ALTADIS DOES AWAY WITH TWO–CHAIRMAN STRUCTURE
      FT, 07-06-2005
      June 7 2005 08÷22 Altadis, the Franco–Spanish maker of Gauloises cigarettes, has proposed a radical restructuring at the top of the company, appointing Antonio Vazquez as chief executive of the group in place of its previous two–chairman structure.

Jean Dominique Comolli, who shared the co& >>>


      BANK MANDIRI TO REVIEW LENDING
      FT, 07-06-2005
      June 7 2005 17÷55 The new disclosures compound the problems of Bank Mandiri, which is being investigated for alleged improper loan practices that may involve more than Rp12,000bn ($276bn).

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      BOURSES SET FOR SLIGHTLY HIGHER START
      FT, 07-06-2005
      June 7 2005 07÷32 Europe‘s bourses look set to start slightly higher on Tuesday after oil prices eased below $55 a barrel encouraging US stocks to edge into positive territory late on.

Spread betters in London are calling the FTSE 100, the CAC–40 in Paris, and Frankfurt‘s Xetra Dax in >>>


      BRUSSELS APPROVES ALITALIA RESTRUCTURING PLAN
      FT, 07-06-2005
      June 7 2005 18÷31 Alitalia, Italy‘s struggling state–owned airline, on Tuesday received European Union approval for a planned restructuring and share offering, a decision that rival carriers are likely to challenge in court.

Ryanair, Europe‘s leading low–cost airline, said the a >>>


      CARPHONE SEES STRONG START TO THE YEAR
      FT, 07-06-2005
      June 7 2005 0'÷31 Carphone Warehouse, Europe‘s biggest mobile phone retailer, revealed another year of strong growth and forecast further progress as it shrugged off a wider consumer slowdown.

The UK–based company reported a 33.8 per cent rise in pre–tax profits before amortisatio >>>


      CHALLENGES FOR FOREIGN INSURERS
      FT, 07-06-2005
      June 7 2005 18÷02 Faced with a maze of restrictions that limit their efforts to certain cities and products, foreign insurers have made few inroads into a market that is dominated by big local groups such as China Life and Ping An.

The rest of this article is for FT.com subscribers only Skip to remaini >>>


      CITIGROUP POACHES SKADDEN ARPS DEALMAKER
      FT, 07-06-2005
      June 6 2005 21÷46 Mr Schell‘s appointment to vice–chairman comes on the heels of last month‘s announcement that Citigroup had recruited Raymond McGuire, until then a top mergers and acquisitions banker at Morgan Stanley, to join the company in July.

The rest of this article is for FT. >>>


      CNOOC PUBLICLY ADMITS CONSIDERING UNOCAL BID
      FT, 07-06-2005
      June 7 2005 06÷51 In a statement to the Hong Kong stock exchange, the company said it was "continuing to examine its options with respect to Unocal. These options include a possible offer by the company for Unocal, but no decision has been made in this respect." The rest of this article is for FT.com >>>


      CONAGRA BLAMES PRICES FOR REVISION TO EARNINGS
      FT, 07-06-2005
      June 7 2005 18÷32 ConAgra disappointed investors on Tuesday with its second downward revision to earnings this year, blaming higher pork and beef prices and a failure to offset them with higher consumer prices.

The US food and packaged meats company also said it was aiming to save $100m by cutting 1,00 >>>


      CONSTITUTION EXPLAINED
      FT, 07-06-2005
      May 13 2005 1'÷16 The European Union‘s constitutional treaty suffers from the grandiosity of its title. If it was simply presented as another EU treaty, it would probably have generated less controversy, and passed quietly into law through national parliaments rather than through referendums.

>>>


      COURTS COMBAT COUNTERFEITING
      FT, 07-06-2005
      June 7 2005 18÷02 Yet, while Chinese authorities have to step up their efforts to enforce existing rules, foreign companies should try to help themselves by using effective legal tactics.

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      CRUDE PRICES FALL AS OPEC RENEWS OUTPUT PLEGDE
      FT, 07-06-2005
      June 7 2005 11÷2' Crude oil futures were weaker on Tuesday in early trade ahead of US crude inventory data on Wednesday, which is expected to show another increase in petroleum products as refiners increase output.

IPE Brent for July delivery eased 10 cents to $53.57 a barrel in early morning Londo >>>


      DIAGEO STRIKES A DEAL WITH PERNOD OVER ALLIED
      FT, 07-06-2005
      June 6 2005 20÷58 Diageo on Monday removed itself as a possible threat to Pernod Ricard‘s £7.5bn acquisition of Allied Domecq by striking a deal with the French drinks company to buy its Bushmills Irish whiskey brand and taking an option to buy Allied‘s Montana wine business.

As part >>>


      DOLLAR DIPS FURTHER ON PROFIT TAKING
      FT, 07-06-2005
      June 7 2005 12÷08 The US dollar continued to succumb to profit taking in European morning trade on Tuesday, extending Monday‘s modest sell–off.

With speculators having built extreme long positions in the dollar the greenback was always vulnerable to position squaring at some point. With the >>>


      EUROZONE GOVERNMENT BOND YIELDS NEAR RECORD LOWS
      FT, 07-06-2005
      June 7 2005 13÷24 Yields on eurozone government bonds were near record lows by early Tuesday afternoon following comments by Alan Greenspan, chairman of the US Federal Reserve, that fuelled a decline in Treasury yields.

In remarks prepared for a conference in China, Mr Greenspan noted the "unusual >>>


      EX–DIRECTORS‘ SUIT OVER DISNEY TO PROCEED
      FT, 07-06-2005
      June 7 2005 04÷01 Walt Disney directors will be back in Delaware Chancery Court in August to answer allegations that the board made false statements to shareholders about its search for a successor to Michael Eisner, who retires as chief executive in September.

Judge William B. Chandler rejected Disney >>>


      EXPORTERS LEAD DECLINE IN TOKYO STOCKS
      FT, 07-06-2005
      June 7 2005 05÷31 Japanese stocks continued to lose momentum into Tuesday‘s morning session, as exporters were hit by the yen‘s strength.

The Nikkei 225 fell 0.4 per cent by the close of morning trading to 11,226.27. The broader–based Topix index closed down 0.3 per cent at 1,1 >>>


      GM TO SHUT PLANTS AND CUT 25,000 JOBS
      FT, 07-06-2005
      June 7 2005 14÷48 Addressing the troubled carmaker‘s annual meeting in Wilmington, Delaware, on Tuesday, Rick Wagoner, chairman and chief executive, also issued a veiled threat to the United Auto Workers union that the company intends to act soon to bring down its crippling healthcare costs, even at the r >>>


      GW HIT BY MORE SATIVEX DELAYS
      FT, 07-06-2005
      June 7 2005 17÷5' Sativex, an under–the–tongue spray, helps to control the symptoms of multiple sclerosis and neuropathic pain. It has been caught up in the UK approval process.

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      HURD PICKS INSIDER FOR SENIOR HP POST
      FT, 07-06-2005
      June 7 2005 00÷04 Hewlett–Packard, has selected an HP insider as his first senior appointment.

Cathy Lyons, who joined HP in 1'7', becomes chief marketing officer and a member of the company‘s executive committee, reporting directly to the new CEO.

The rest of this article >>>


      IMMINENT SETTLEMENT EASES PRESSURE ON BRISTOL–MYERS
      FT, 07-06-2005
      June 7 2005 0'÷55 It also removes one of several factors souring takeover interest in the company, believed to be a candidate for consolidation.

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      JET AIRWAYS REJECTS RIVAL‘S AL–QAEDA CLAIMS
      FT, 07-06-2005
      June 7 2005 17÷26 "We take these scandalous accusations seriously and will go to court in the US to clear the name of the airline," he told the Financial Times.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World Companies >>>


      JOINT VENTURE HOPE LIFTS SIEMENS
      FT, 07-06-2005
      June 6 2005 22÷28 BenQ and Siemens declined to comment on a Financial Times report that they were to form a joint venture to include Siemens‘ mobile phone business.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World Companies >>>


      JOINT VENTURE HOPE LIFTS SIEMENS
      FT, 07-06-2005
      June 6 2005 22÷28 BenQ and Siemens declined to comment on a Financial Times report that they were to form a joint venture to include Siemens‘ mobile phone business.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World Companies >>>


      JONATHAN GUTHRIE÷ DON‘T BET ON ONLINE GAMBLING
      FT, 07-06-2005
      June 7 2005 18÷47 Lemmy of rock gods Motorhead hit the spot for me when he sang÷ "I know I‘m gonna lose, òÀØcos gambling‘s for fools." My occasional flutters have been the byproduct rather than the raison d‘ être of a day at the races.

But m >>>


      LOMBARD÷ FSA NEEDS SERIOUS DEBATE NOT SOUNDBITES
      FT, 07-06-2005
      June 6 2005 20÷56 The attack is so curious that one wonders whether Mr Blair ‫ or the speechwriting scribblers who composed his words ‫ actually meant what was said. It is odd to suddenly come out and damn one of your most important creations with a sweeping, throwaway sentence in a >>>


      LONDON CLIMBS BACK ABOVE 5,000
      FT, 07-06-2005
      June 7 2005 0'÷15 A late rally on Wall Street overnight gave confidence to the London markets on Tuesday as they made their way steadily back up to the 5,000 mark.

Disappointing results from retailers were cancelled out by the drinks sector which gained after news that Diageo said last night it wou >>>


      MCDONALD‘S NAMES NEW EUROPE HEAD
      FT, 07-06-2005
      June 7 2005 18÷36 Denis Hennequin, executive vice president of McDonald‘s Europe, was appointed president of Europe, succeeding Russ Smyth, 48. Mr Smyth is leaving McDonald‘s after 21 years.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation me >>>


      MEDIA GROUP EARMARKS ?400M FOR ACQUISITIONS
      FT, 07-06-2005
      Media & internet Property Retailing & leisure Telecoms Transport By region Companies A–Z Markets Markets & funds data Lex Comment & analysis Technology Business life Your money Arts & Weekend In depth FT Reports Jobs & classifieds Site services In depth     UK election 2005Th >>>


      MERGER COSTS PUSH SEARS TO QUARTERLY LOSS
      FT, 07-06-2005
      June 7 2005 16÷58 Sears Holdings, the US retailer created from the takeover of Sears Roebuck by Kmart, on Tuesday swung to a net loss in the first quarter as the group was hit by weaker sales and merger costs.

But Edward Lampert, the investor who masterminded the merger and is now the group‘s cha >>>


      MONSANTO MOVES TO HELP SOLUTIA OUT OF BANKRUPTCY
      FT, 07-06-2005
      June 7 2005 17÷53 Monsanto, the agricultural biotechnology group, plans to take up to a 52.5 per cent stake in Solutia to help the bankrupt chemicals company emerge from Chapter 11 protection.

Shares in Monsanto were up 6.2 per cent to $62.43 by mid–day in New York after the group said made the a >>>


      PENSION COSTS WATER DOWN SEVERN TRENT PROFITS
      FT, 07-06-2005
      June 7 2005 0'÷07 Severn Trent, the UK water and waste company, said on Tuesday that annual profits had been hit by pension charges that offset a strong performance at its waste management division.

Pre–tax profits for the year ended March 31, were down 14.5 per cent to £217.3m ($3' >>>


      RYANAIR CHIEF SELLS OFF 6M SHARES
      FT, 07-06-2005
      June 7 2005 15÷38 Ryanair, the Irish low cost airline, on Tuesday took advantage of the recent rise in the group‘s share price to sell off a further 6m shares from his holding of 41m.

The disposal, priced at â/¬6.50 per share, raised â/¬3'm for Mr O‘Leary‘s per >>>


      SALVESEN PROFITS DRIVEN HIGHER AFTER COSTS FALL
      FT, 07-06-2005
      June 7 2005 0'÷14 Salvesen, the transport group which has delivered two profits warnings over the past three years, claimed it had turned the corner as it announced a sharp rise in pre–tax profits after cutting out one–off costs.

Turnover at the logistics company, which moves everything >>>


      SIEMENS SELLS MOBILE PHONE UNIT TO BENQ
      FT, 07-06-2005
      June 7 2005 10÷25 Siemens on Tuesday drew a line under its troublesome engagement in mobile phones, selling the unit to BenQ in a transaction that will allow the Taiwanese manufacturer to considerably expand its international position in the competitive mobile handsets market.

Siemens‘ exit from >>>


      TAKE YOUR PRODUCT ON A VOYAGE OF DISCOVERY
      FT, 07-06-2005
      June 7 2005 1'÷00 Traditionally, markets are the exchanges where goods and services are bought and sold. But, in today‘s parlance, "the market" has moved from the place to the person÷ it has come to mean the universe of potential purchasers for a product or service.

The rest >>>


      THE SHORT VIEW÷ FORCES TO BE RECKONED WITH
      FT, 07-06-2005
      June 7 2005 1'÷00 One force, mentioned by Greenspan only to be dismissed, is the buying policies of Asian central banks, who have been recycling their foreign exchange reserves into the bond market. It is possible that the banks, which are aiming not to maximise profits but to control the value of their cur >>>


      UNICREDITO & HVB COULD REACH DEAL THIS WEEK
      FT, 07-06-2005
      June 7 2005 18÷17 UniCredito of Italy and HVB of Germany could announce their cross–border banking deal as early as Sunday or Monday morning, as talks continued to make fast progress on Tuesday.

Neither bank would comment on Tuesday, but people close to the talks said much of the work had been com >>>


      VATTENFALL TO TEST INVESTOR APPETITE FOR RISK
      FT, 07-06-2005
      June 7 2005 17÷23 Vattenfall, the state–owned Swedish energy company, plans to issue a rare deeply subordinated corporate bond in a deal that will test investor appetite for risk in the fixed income market.

The supply of new investment grade bonds has increased sharply in the past week, following >>>


      VODAFONE JAPAN TO LIFT SPENDING ON 3G NETWORK
      FT, 07-06-2005
      June 7 2005 12÷11 Vodafone said Tuesday it would boost its capital spending in the current fiscal year by 50 per cent to Y260bn, as the mobile phone operator aims to strengthen its lacklustre third–generation service.

The money, which will be funded by its UK parent, will be used primarily to bui >>>


      WALL STREET LIFTED BY RATE HOPES
      FT, 07-06-2005
      June 7 2005 15÷55 US stocks posted solid gains on Tuesday morning after comments from Federal Reserve Chairman that interest rates were likely to remain low for the time being. Also providing a shot in the arm was news that General Motors was cutting staff in a bid to streamline its operations as well as a mode >>>


      WOOLWORTHS ADDS TO UK RETAIL GLOOM
      FT, 07-06-2005
      June 7 2005 0'÷00 Woolworths on Tuesday became the latest retailer to warn of tough trading conditions in the UK as the general retailer failed to find an audience for its entertainment products.

The retailer said like–for–like sales in the 18 weeks to June 4 fell 4.4 per cent and gross >>>


      ASSETS RECOVERY AGENCY UPS TARGETS
      FT, 07-06-2005
      June 7 2005 03÷00 The Assets Recovery Agency, which uses court actions to confiscate criminals‘ ill–gotten gains, is to take on more investigators to allow it to double its caseload despite seizing just over half the assets it was supposed to. The agency has secured recovery orders for criminal asse >>>


      ATTEMPTS TO RESCUE MG MARQUE HIT
      FT, 07-06-2005
      June 4 2005 03÷00 Attempts to rescue the MG marque from the remnants of MG Rover, the failed carmaker, faced a fresh problem yesterday when its main supplier said it had seen no "sensible" business plan that would lead it to provide components.

StadCo has already announced the closure of its >>>


      BLAIR ACCEPTS US WILL NOT SUPPORT AID PLAN
      FT, 07-06-2005
      June 7 2005 03÷00 Tony Blair has given up trying to persuade the Bush administration to back Gordon Brown‘s scheme to double aid to Africa by tapping the capital markets.

The prime minister said the chancellor‘s idea for an international finance facility, allowing governments to spend futur >>>


      BLAIR CALLS FOR NEW EU DEBATE
      FT, 07-06-2005
      June 7 2005 03÷00 × UK leader wants Europe‘s political elite to reconnect with the people × Referendum put on hold but ‘not for Britain to say constitution is dead‘ Tony Blair yesterday called on European Union governments to seize the initiative and begin a debate on their economi >>>


      BLAIR PRESSED OVER EU REBATE
      FT, 07-06-2005
      June 4 2005 03÷00 European Union leaders yes–terday piled pressure on Tony Blair to surrender part of the UK‘s controversial EU budget refund or risk plunging Europe into deeper political turmoil.

The prime minister risks finding himself isolated in his rejection of a surprise deal on the n >>>


      CRISIS ON EU CONSTITUTION SEEN AS CHANCE FOR FRESH START
      FT, 07-06-2005
      June 7 2005 03÷00 Tony Blair‘s allies say one of the prime minister‘s defining characteristics is that when other politicians see a crisis, he sees an opportunity. Judging by his performance in yesterday‘s interview with the Financial Times, he has not surrendered this way of viewing the world >>>


      HEDGE FUNDS – JUNE 6 2005
      FT, 07-06-2005
      June 6 2005 03÷00 John Ralfe, former head of corporate finance at Boots, said the scheme‘s decision to invest 75 per cent in equities was short–sighted given the company‘s uncertain prospects after BMW decided to sell it in 2000.

The rest of this article is for FT.com subscribers only >>>


      LAWYER IN NEW VICTIMISATION CASE
      FT, 07-06-2005
      June 7 2005 03÷00 Elizabeth Weston, a 30–year–old lawyer who last year settled a sex discrimination case against Merrill Lynch, yesterday returned to an employment tribunal with a fresh victimisation claim against the investment banking group.

Her latest claim is understood to centre on a t >>>


      OECD WARNING FOR EUROPE
      FT, 07-06-2005
      May 25 2005 03÷00 × Call for cut in eurozone interest rates × Growth forecasts for UK and other economies reduced The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World US Europe Brussels briefing UK Asia–Pacific Middle East &a >>>


      PM TO STAY THE COURSE TO OVERSEE REFORMS
      FT, 07-06-2005
      June 7 2005 03÷00 Tony Blair said yesterday that it was his "responsibility" to stay on as prime minister to see through a "massive agenda" of public service reform.

With the prospect of a UK referendum on the European constitution now receding after the French and Dutch No votes, t >>>



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