Archive for February, 2008

Platinum hits record at $2,087 on supply squeeze

Monday, February 18th, 2008

SINGAPORE (Reuters) - Platinum hit a record high for the 13th successive day on Monday on lingering power supply shortages which have disrupted mining in main producer South Africa.

Oil steady above $95

Monday, February 18th, 2008

SYDNEY (Reuters) - Oil hovered above $95 a barrel on Monday, as investors weighed the effects of a slowing U.S. economy against an escalating row between OPEC member Venezuela and oil major Exxon Mobil .

Four bidders go through in Vin & Sprit auction: paper

Monday, February 18th, 2008

STOCKHOLM (Reuters) - Sweden’s centre-right government has chosen four bidders in its auction of Vin & Sprit that will be allowed to perform due diligence of the Absolut vodka maker, business daily Dagens Industri reported on Sunday.

Toshiba to give up on HD DVD, end format war: source

Monday, February 18th, 2008

TOKYO (Reuters) - Toshiba Corp is planning to give up on its HD DVD format for high definition DVDs, conceding defeat to the competing Blu-Ray technology backed by Sony Corp , a company source said on Saturday.