Port is ship-shape for 80 cruise visits
Thursday November 26 2009
PORTS
Dublin Port expects to be ship-shape and Bristol-fashion next year when it will play host to at least 80 cruise ships. Dublin Port chief executive Enda Connellan said 620 cruise ships carrying 500,000 passengers had contributed €350m to the local economy since 2000.
Dubai requests a freeze on billions
DEBTS
Dubai will ask creditors for a standstill on debt worth billions of dollars as a step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth. Deloitte has been appointed to help with the restructuring, and yesterday's announcement sent the cost of insuring Dubai's debt soaring and bond prices tumbling.
BBC seeks advice on market launch
FLOTATION
The BBC has held talks with financial advisers about floating part of its commercial arm on the stock market, amid pressure over its market share and public subsidy. Discussions had been held, including with advisers from investment firm Goldman Sachs and banking giant Credit Suisse, about future ownership of BBC Worldwide.
Oil prices rise on lower inventories
CRUDE
Crude oil prices rose this evening, boosted by lower than expected increases in US oil inventories last week, a weak US dollar and gains on Wall Street. US crude stocks rose by one million barrels, less than the 1.2-million barrel increase forecast. US crude prices rose 82 cents to $76.84 a barrel, while Brent crude climbed $1.16 to $77.62.
GM not expecting new Saab offers
AUTOS
General Motors doesn't expect new bidders for Saab and may shut the bankrupt unit after Koenigsegg Group cancelled a planned acquisition, sources familiar with the matter said. Saab's future will be decided at a December 1 GM board meeting.
Irish Independent
