- Construction Companies Fined $210 Million for Rigging Bidding Contracts Kier Group Plc and Interserve Plc received the heaviest penalties handed down to 103 U.K. construction companies by the U.K. Office of Fair Trading in its biggest ever bid-rigging probe into the industry.
- Brown Says World Economy Has Yet to Feel the Biggest Impact from Stimulus U.K. Prime Minister Gordon Brown said the global economy has yet to feel the biggest impact of government-led spending programs to stimulate demand and reiterated concerns about removing them too early.
- BG, Cadbury, RBS, Rio Tinto, WPP May Move: U.K., Irish Equity Preview The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from the last market close.
- European, U.S. Index Futures Advance; Asian Shares Rise, Carnival May Gain European stock-index futures rose, indicating the Dow Jones Stoxx 600 Index may resume a six-month rally after two days of declines. Asian shares and U.S. futures advanced.
- Rents in the World's Most Expensive Shopping Streets Fall Most Since 1985 The global recession is taking its toll on even the priciest shopping streets, where rents have plunged the most in at least 24 years, according to Cushman & Wakefield Inc., the largest closely held real estate broker.
- China Investment Buys 15% Noble Stake for $850 Million to Gain Commodities China Investment Corp., the nation’s sovereign wealth fund, bought a 15 percent stake in Noble Group Ltd. as the Hong Kong-based commodity supplier benefits from China’s demand for coal, iron ore and soybeans.
- Babcock & Brown Infrastructure Gets Rival Financing Offer From Hedge Funds Royal Bank of Scotland Plc is managing an offer by a group of hedge funds to refinance debt held by Babcock & Brown Infrastructure Group Ltd., an energy and transport investor whose shares tumbled 97 percent in two years.
- BP, GE Join Demands From Industry for Regulations to Cut Carbon Emissions General Electric Co. and BP Plc are demanding governments enact regulations to cut emissions blamed for global warming and create a worldwide carbon market to ensure developing nations slow pollution growth.
- Poland Is `Unlikely' to Meet EU Deficit Target in 2012, IMF's Allen Says Poland, the largest of the European Union’s eastern members, is “unlikely” to make its 2012 goal of cutting the budget deficit to within the EU limit, the head of the International Monetary Fund’s mission to Poland said.
- Saudi Aramco Sees Idle Oil Fields Through 2010 as Demand Fails to Recover Saudi Aramco, the state-run oil monopoly, sees little chance of pumping crude from idle fields next year because a recovery.
Bloomberg News 22nd September 2009
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