TSMC joins Intel in chip funding August 5, 2012 Microchip equipment manufacturer ASML has secured a €1.1bn (£879m) investment from Taiwanese chipmaker TSMC, which has taken a five per cent stake in the Dutch firm. The investment follows a similar deal with TSMC’s rival Intel as ASML attempts to gain funding for a costly new technology to produce cheaper microchips.
ANYA HINDMARCH SELLS STAKE TO QATARI FUND August 5, 2012 LUXURY handbag designer Anya Hindmarch, a favourite among the rich and famous including the Duchess of Cambridge, has sold a minority stake in the company to a Qatari investor group, valuing it at £70m. The firm said the new investor stake would “accelerate” the company’s growth.
China pledges to step up and halt slowdown August 5, 2012 CHINA’S central bank said yesterday it will intensify its monetary policy fine-tuning in the second half of this year and improve credit policy to bolster the real economy, echoing earlier government commitments amid an economic slowdown. The comments follow a meeting of China’s top policymakers last week that said Beijing would step up efforts to [...]
Volkswagen has a steep climb to the top of the vehicle market August 5, 2012 VOLKSWAGEN will need to address some regional gaps as it seeks to become the world’s largest carmaker, head of personnel Horst Neumann admitted yesterday, citing weakness in vans and light trucks in emerging markets. “We must not believe that we’ve made it, that we’re rich and invincible now,” Neumann told German daily Handelsblatt in an [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS August 5, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 25 July to Wednesday 1 August. The second week of the Olympics has already begun, [...]
IAG mulls stake in American to safeguard Oneworld alliance August 5, 2012 BRITISH AIRWAYS owner IAG is considering taking a stake in beleaguered US carrier American Airlines, according to the firm’s chief executive Willie Walsh. Taking a small holding in the firm in order to protect the Oneworld ticketing alliance is “something we are going to look at”, Walsh told the Financial Times. “If we can make [...]
Prosecutors in Germany near Porsche case August 5, 2012 GERMAN prosecutors will soon decide whether to bring criminal charges of market manipulation against the former top management of sportscar maker Porsche, German magazine Der Spiegel has reported. Former chief executive Wendelin Wiedeking and former chief financial officer Holger Haerter have been subject to a probe into alleged market manipulation and prosecutors have all but [...]
Lufthansa plans to boost cash August 5, 2012 BOSSES at airline Deutsche Lufthansa have told staff in an internal letter that the German flagship carrier needs to do more to boost its cash flow, and pledged massive investments to offer more perks to passengers. “High passenger numbers and seat load factors unfortunately say nothing about what remains in our coffers at the end [...]
Security a little too good as VIP is turned away August 5, 2012 THERE were red faces at Wimbledon yesterday, where one diligent Olympics volunteer manning the gates thwarted an apparent queue-jumper as most of London clamoured to get into Centre Court to watch Andy Murray’s final against Roger Federer yesterday. Unfortunately for the purple-bedecked Games Maker, the woman in a hurry was none other than Federer’s wife [...]
LONDON 2012 IMAGE OF THE DAY August 5, 2012 Olympic 10,000m champion Mo Farah returned to the stadium last night to collect his gold medal, 24 hours after thrilling the 80,000-strong crowd as he became the first Briton to ever win the event. Throughout the Olympics, City A.M. will be publishing its Olympic Image of the Day. If you have a shot you think [...]
