UBS says infrastructure fund raises $1.5 billion

UBS AG said on Monday its new infrastructure fund raised a higher-than-expected $1.5 billion (916 million pounds), with investors attracted by the prospect of stable, inflation-resilient returns amid global financial turmoil.

Toyota to shut plants

Toyota Motor Corp will shut all its factories in Japan for 11 days to combat a global slowdown that is not only hitting company profits but could, a report says, unleash a wave of social unrest in Chi... (Jan 06, 2009 4:01PM)

U.S. auto bailout focus shifts to Senate

A proposal to bail out the big three U.S. automakers passed the House of Representatives but its prospects looked grim in the Senate where supporters faced an uphill struggle on Thursday to keep it al... (Dec 11, 2008 11:23AM)

Qantas says BA merger faces major hurdles

Qantas Airways warned investors its proposed $5.6 billion (3.77 billion pounds) merger with British Airways (BA) faced major obstacles over the terms of the deal and stressed there was a reasonable ch... (Dec 08, 2008 1:33PM)

JPMorgan to cut 9,200 Washington Mutual jobs

JPMorgan Chase said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual, which on September 25 became the largest U.S. bank to fail. (Dec 02, 2008 12:59PM)

RBS says govt to take 57.9 percent stake

Royal Bank of Scotland said the government will take a 57.9 percent stake in the group after investors took up just 0.24 percent of the shares offered in its state-backed capital raising. (Nov 28, 2008 1:22PM)

BHP gloomy on short term

Global miner BHP Billiton painted a gloomy near-term outlook for metals demand on Thursday as it defended its decision to drop a $66 billion (43 billion pounds) bid for rival Rio Tinto. (Nov 27, 2008 11:27AM)

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