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Nov 05 2009
German Opel workers stage strikes
By Agencies   

Thousands of Opel car workers in Germany have downed tools to show their anger at the decision by General Motors, the US carmaker which owns the unit, to abandon a plan to sell the operation to Magna, a Canadian group.

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Tags:  Germany Opel
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German anger at GM Opel decision
By Agencies   

German politicians and unions have expressed anger at the decision by General Motors, the US carmaker, not to sell Opel, its European unit, after months of painstaking talks.

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Tags:  Germany GM Opel
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UK-Chinese firms sign Iraq oil deal
By Agencies   

CNPC and BP hope to increase Rumaila's output to 2.85 million barrels per day [AFP]
CNPC and BP hope to increase Rumaila's output to 2.85 million barrels per day [AFP]
UK oil giant, British Petroleum and the China National Petroleum Corporation have signed Iraq's first major new oil deal since the 2003 US-led invasion.

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Tags:  UK-Chinese Iraq oil
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British banks set for sell-offs
By Agencies   

Britain's treasury department said the banking shake-up would reduce costs to the taxpayer [AFP]
Britain's treasury department said the banking shake-up would reduce costs to the taxpayer [AFP]
Britain has ordered two state-rescued banks to sell off branches and meet new "tough" requirements in an effort to to promote competition and appease EU authorities.

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Tags:  British banks RBS
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Ford reports surprise profits
By Agencies   

Mulally said that Ford's profits showed the benefits of not taking on US government aid [EPA]
Mulally said that Ford's profits showed the benefits of not taking on US government aid [EPA]
Ford, the car company, has made an unexpected net profit of $997m in the third quarter and has announced that it will become "solidly profitable" by 2011 and end its run of losses.

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Tags:  Ford
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