InfoAnda - German chip-maker secures 325 million euro rescue loan

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

New Google Search Ap Offers "Instant" Results | 9 September 2010
Attacks in Afghanistan kill 3 kids, NATO soldier | 16 December 2010
US soldier held after five comrades shot dead in Iraq | 12 May 2009

Militants attack UN office in western Afghanistan | 23 October 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : German chip-maker secures 325 million euro rescue loan

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: German chip-maker secures 325 million euro rescue loan AFP - 1 hour 15 minutes ago BERLIN (AFP) - - Struggling German memory-chip company Qimonda announced Sunday a 325-million-euro rescue package by its parent company Infineon, the regional government, and a Portuguese state bank. The east German state of Saxony, where Qimonda is one of the biggest employers, will provide 150 millions euros (210 million dollars) to the ailing company. Infineon will contribute a loan of 75 million euros and a Portuguese state investment bank will give 100 million euros, Qimonda said in a statement. The company said it also expects to receive a further 280 million euros in loan guarantees from the German federal government and the regional Saxony government. "The negotiations on the 150 million euro loan (from Saxony state) are already well-advanced," Qimonda said, adding that it hopes to bolster its research and production facility in Porto, Portugal. The government in Saxony is expected to grant the 150 million euro loan on Tuesday and has called for Infineon to match its contribution. But Infineon, which owns 77.5 percent of Qimonda, says it is not financially secure enough to supply more funds. "We have reached a breakthrough today" necessary to start saving Qimonda, said Saxony's economy minister Thomas Jurk, who also thanked his Portuguese counterpart for the quick contribution from his country's state bank. Earlier this month, Infineon issued a gloomy report for itself and its loss-making memory-chip unit Qimonda, after posting an annual loss of three billion euros (3.8 billion dollars). Qimonda had been searching desperately for an investor and asked for public aid. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology German chip-maker secures 325 million euro rescue loanAFP - 1 hour 15 minutes ago International web services improve after cable cutAFP - Sunday, December 21 Google increases search share in November: comScoreAFP - Saturday, December 20 Obama campaign survey gets half million repliesAFP - Saturday, December 20 Prestigious TED gathering to make live webcast debutAFP - Saturday, December 20 Enlarge Photo Picture taken on December 17, 2008 shows a pedestrian walking past the plant of memory chip manufacturers Qimonda and Infineon in the eastern German city of Dresden. Struggling German memory-chip company Qimonda announced Sunday a 325-million-euro rescue package by its parent company Infineon, the regional government, and a Portuguese state bank. Most Popular – Technology Viewed Global economy seen sinking into 'severe' 2009 recession: report Let poor eat caviar: Milan authorities New Year's hangover? Take two eels and call me in the morning Actress Jennifer Aniston appears naked in GQ magazine Putin warns against any attempt to destabilize Russia View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Monday, 22 December 2008
China, Taiwan pledge greater cooperation at forum
CDAC revises eligibility criteria for Skills Training programme
World Bank, S’pore to set up Urban Hub to help developing countries
Japan in '65 sought US nuclear shield versus China
Key members of Thailand's Cabinet
Iran shuts office of Nobel winner's rights group
Public transport fares among issues raised at MacPherson dialogue session
Chinese pandas ready for long-awaited trip to Taiwan
Israel threatens major offensive against Gaza
Colombian rebels say to free six more hostages | International |
Israeli official warns of longer Gaza rocket range
German chip-maker secures 325 million euro rescue loan
Ireland to inject 5.5 billion euros into three banks
Police raids Iran Nobel Laureate's office | International |
Top US general in Iraq prepares for troop decision
U.S. says government will not work with Mugabe | International |
Iraq to vote on fate of non-US troops
Iran police shut down Nobel laureate's office
Nine men decapitated in Mexico drug violence | International |
Nokia eases access to Internet services | Technology |
US military deaths in Iraq war at 4,211
Tourist sites along Korea's DMZ
Warner Music pulls videos from YouTube | Technology |
Seoul shares open higher, led by Hyundai Motor
US: Zimbabwe unity deal can't work with Mugabe
Repairs start on Mediterranean telecoms cables | Technology |
Chinese Internet porn sensation detained by police | Technology |
Seoul shares may extend gains, led by carmakers
Zimbabwe unity impossible with Mugabe: US
Bash Bush site sells on eBay in four days | Technology |
NZ current account deficit gap widens in Q3
Videogames may do the aging brain good | Technology |
S.Korea regulator urges banks to lend more to SMEs
International finance leaders see 'very dark' year ahead
IMF chief warns 2009 may be 'even darker'
Bahrain says Occidental leads oil contract bidders
China offers $19bln to Taiwan firms: report
Renowned journalist Arthur Spiegelman dies at 68 | Entertainment |
Audiences say Yes to Jim Carrey comedy | Entertainment |
Cate Blanchett ages with grace in Benjamin Button | Entertainment |
Warner Music pulls videos from YouTube | Entertainment |
White Zombie laid to rest on boxed set | Entertainment |
Martin McDonagh celebrates Irish eccentricities
Moviegoers say 'Yes Man' to Jim Carrey comedy
Warner Music videos taken off YouTube: reports
Paris woos art lovers with all-night Picasso show
Saudi religious police says some movies possibly OK
Hallelujah! Cohen classic dominates British music charts
Carrey's 'Yes Man' earns aye vote with $18M debut
Edmond Leung marrying girlfriend of ten years
Moviegoers say 'Yes Man' to Jim Carrey comedy
Philippine province tries to shake off its mafia image
Football mission accomplished for Gamba Osaka
Police: Taliban kill 2 accused spies in Pakistan
`Doubt' tops SAG pack with 5 nominations
RPT-GLOBAL MARKETS-Asia stocks up, JGB yields near 3-1/2-yr low
Wife of former NKF Chairman sentenced to 22 months’ jail
Coalition asks UN to decriminalize homosexuality
Alleged arms smuggler testifies in Thailand
Australia watchdog sues Singapore Airlines Cargo
Alleged arms smuggler Bout testifies in Thailand
Singapore's DBS to raise $2.7 bln via rights offer
China readies for crackdown on organized crime
Jeremy Piven leaves Broadway's 'Speed-the-Plow'
Do tell: `Edgar Sawtelle' prequel in the works
Report: NKorea's Kim using special train to travel
SKorea's Lee strikes sombre note on election anniversary
Activists say Japanese whalers have made no kills in two days
At least eight dead in Pakistan missile strike: officials
North Korea's Kim recovered and in public: report | International |
Iraq MPs to vote on fate of non-US foreign troops
Corruption in Italy: deja vu with a twist to the left
China seeks 3.6 million quilts for quake survivors | International |
Titans, Giants clinch home field NFL advantage
New Israeli crossings hurt Palestinian trade: World Bank | International |
Quake zone hero pig named China's animal of the year
Tata gives Jaguar cash boost pending bail-out decision: FT
China fights Mafia-style gangs as crisis bites | International |
Fading Austrian towns look east for revival | International |
Snow, rain and ice blankets US northwest, northeast
Malaysia aims to double its wild tiger population
Obama boosts plans to speed US economic recovery
Japan asked US prepare for nuclear strike on China: archives
Cheney defends US 'war on terror' policies
Asian markets lower amid bleak global economic outlook
Indian doctor hopes Australian terror probe will vindicate him: lawyer
China says firms can reduce social security payments: state media
8 suspected robbers killed in Philippines
Asia naphtha spot mkt hits first premium in 5 mths
Suspected US Missile strike kills 7 in Pakistan
Toyota lower profit, sales vehicles forecast
Japan in '65 sought US nuclear shield versus China
Toyota projects operating loss for year
Thai king to swear in new cabinet
Taiwan dollar down nearly 2 pct on c.bank, stocks
Reliance Comm:to repair submarine cable by next week
Soldiers decapitated in new round of Mexico drug war | International |
Seoul shares edge down as Hynix, banks turn lower
China says it will chase foreign investors who flee debt
South Korea to slash jobs at public firms
NZ dollar steady amid soft data; debt flat
Mockingbird director Richard Mulligan dead at 83 | Entertainment |
Hollywood composers tune in for rare gathering | Entertainment |
Adam Sandler turns on charm in Bedtime Stories | Entertainment |
Fifty years since Greatest Game Ever Played | Entertainment |
Philippine province tries to shake off its mafia image
Ailing shows travel from TV land to limbo | Entertainment |
Belly dance fever sweeps Vietnam's capital
Quirky werewolf tale unleashed at Fox Broadcasting | Entertainment |
China activist's wife hopes to set up foundation
HK police search for assailant in acid attack
Malaysian protesters defy police ban and cycle to parliament
China to send warships to fight Somalia piracy
Louvre: Sketches found on back of Leonardo work
PORNSAK the Blessed?
China plans crackdown as economic crisis spurs crime: report
Vietnam customs seize five tons of frozen pangolin meat
10,000 urge Pakistan to cut US-NATO supply line
Alleged Russian arms dealer tells Thai court he was framed
SKorea denies seeking secret contact with NKorea
Rescued injured French sailor arrives in Australia
Japan says WWII prisoners worked for premier's company
Indian envoys to discuss Mumbai attacks
2 bomb blasts hit south Philippine city, killing 2
SKorean lawmakers brawl over US free trade pact
Commuters asked to leave MRT train after air—con unit emitted smoke
Heavy security for pandas' departure from China
Director eyes pop singer to star as Bruce Lee
Brother of SKorean ex-president indicted
Japan's ailing emperor feels weight of his crown
US, SKorean intelligence spot movement of Kim's train: report
Pet lovers protest cats on the menu in China
Debate delayed on China's revised food safety law
Tokyo Tower marks 50th anniversary
China cuts interest rates in new growth effort
Marx 'Das Kapital' comic finds new fans in Japan
Pakistan shifting blame over Mumbai, India says | International |
Iraqi Parliament delays vote on foreign troops
Russia warns over gas supply disruptions to Europe
Hamas says holding fire in Gaza, open to new truce | International |
India lead England by 285 runs in second Test
What credit crunch? Spaniards cross fingers for record lottery
NATO to engage Afghan tribes in Taliban fight | International |
Power-sharing 'impossible' with Mugabe in place: Britain
Toyota forecast deepens gloom over global economy
Israel tells UN it will respond to Gaza rocket fire
Cyprus probes suspect package at U.S. embassy | International |
Aeroflot Greek flight lands safely after bomb threat | International |
Belgium seeks new PM to steer it out of crises | International |
December 31 trial date for shoe-hurling Iraqi reporter | International |
Iraq shoe-thrower to go on trial amid new torture claims
Britain says Mugabe main obstacle to Zimbabwe deal | International |
SKorea deploys its 1st Aegis-equipped destroyer
Chavez: vote to allow re-election may be Feb 15 | International |
World jobless total could rise by 25 million: OECD chief
Russia forces OSCE to start Georgia pullout January 1 | International |
MAS stops 3 insurance brokers from conducting new transactions
Tata Motors keeps spending on Jaguar Land Rover
Singapore's Keppel names Choo Chiau Beng CEO
China's central bank cuts interest rates
Thai king calls for peace after political turmoil
Hong Kong stock index falls 3.3 percent
Toyota projects 1st ever operating loss for year
SKorea's Ssangyong Motor may delay paychecks
Australian group: No word from Tibetan staffer
Asian markets lower amid grim outlook for world economy
Travellers urged to help ease congestion this festive season
Toyota again slashes profit forecast amid slump
Singapore buys GE's stake in Ascendas India Trust
S.Korean president urges govt to act on house prices
First boat in Volvo race expected to arrive in S’pore early Tuesday
Mitsubishi Heavy, Areva to start new joint venture
Comic guru Miller captures The Spirit in new film | Entertainment |
Wu Jing accused of disrespecting Ip Man
Joe Nieh speculated to marry Vivian Chow on Jan 5
Chew Chor Meng suffering from Spinal Muscular Atrophy
Umar Pulavar Tamil Language Centre to be rebuilt with improved facilities
Australian former Guantanamo Bay detainee freed
MOE releases data on pass rates at PSLE, GCE ’O’ and ’A’ levels
Friends, fans show support for actor Chew Chor Meng
Charities expect public donations to fall in 2009
Toyota projects first operating loss since 1941
Areva, Mitsubishi announce nuclear fuel tie-up
China shares fall on bleak outlook
Bridgestone cuts forecast by more than three-quarters
Japan stocks up after rate cut, US automaker loans
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01