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Bid hopes faded for ICI as two leading brokers dropped the chemical maker from their “buy” lists.
Shares in ICI have surged in recent months on hopes that it will be bought by Dutch peer Akzo Nobel, but Deutsche Bank and Lehman Brothers both argued that shares have gone beyond fair value. Lehman’s analysts also […]

EnCana Corp. said Wednesday that its first-quarter earnings fell due to accounting losses on its commodity price hedges.
The Calgary-based company said it made an overall profit of $497 million US, or 64 cents a share in the quarter. That was pulled down by a $423-million US loss on accounting for its price hedges.
In […]

SYDNEY (XFN-ASIA) - The US dollar was higher against the yen here and softer against the euro with trading largely confined to a narrow range given a holiday in Japan today and with China out over the remainder of the week, dealers said.
At 1.43 pm Sydney (0343 GMT), the dollar was at 119.52 yen from […]

SAN FRANCISCO: While Walter Zai was in South Africa watching the wild animals recently, people around the world were watching him.
Zai, a 37-year-old Swiss engineer, used his mobile phone to send out constant updates and images from his safari for an online audience.
“You feel like you are instantly broadcasting your own life and experiences to […]

More than a sixth of all mortgage lenders are still calculating interest charges in an outdated method that adds thousands of pounds to the cost of their loans, research published today shows.
Moneyfacts, the personal finance data analyst, said 20 mortgage lenders still calculate interest on an annual basis on some or all of their […]