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.
Diving in at the deep end is no excuse for shirking the style stakes
- 2 Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
- 3 Why I'm on the brink of burning my Israeli passport
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Tommy Ramone dies: Last surviving founder and drummer seminal punk band The Ramones dies aged 62
Gaza-Israel conflict: The terrible price Palestinian children are paying for Israel’s war with Hamas
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
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