The late ticker
Sunday 08 June 1997
The leading European supplier of catalytic converters for cars, Degussa, has warned that severe shortages of palladium and platinum could halt car production within weeks.
Ford and GM declined to comment on their palladium and platinum supplies, while Chrysler said it had adequate supplies of palladium. Stockpiles of palladium are critically low because Russia has exported none this year. Metals traders in London met on Friday to discuss the prospect of defaults on traded contracts.
THE Italian Treasury said it will not convert the savings shares of Stet and Telecom Italia into ordinary shares when it merges the two state- controlled companies ahead of selling the combined group to private investors. The sale later this year could raise 20 trillion lire (pounds 7bn).
Excel buys Telco
Excel Communications, the US long-distance telephone company, is to acquire Telco Communications, a phone network company, for $1.2bn, creating the fifth-largest US long-distance company.
- 3 Russian girl takes her own life after parents find pornography on her computer
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Russian girl takes her own life after parents find pornography on her computer
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
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