Internet search engine leader Google shares hit an
all-time high on Wall Street on Tuesday to bring its
value up to $80 billion. The share price closed at
$293.12, a few cents off its peak but still well above
the $250 quoted in the middle of last month.
Google has leapfrogged a stack of long established and
highly respected companies to become the world's most
valuable media operator by stock market value. The
previous leader was Time Warner valued at $78 billion.
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Oil company, Indian Oil Corporation (IOC) has bid to acquire Turkey's
giant petroleum refinery TUPRAS, which has a combined processing
capacity of 27.6 million tonnes per annum.
The company has
submitted a letter of intent to the Turkish Privatisation
Administration (PA) to acquire 51 per cent stake in TUPRAS, for which
eleven other local and international oil firms are also in the fray.
It is the second time that block shares of TUPRAS have been put on sale.
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Ethiopian security forces have opened fire on protesters in the
capital's central business district, killing 24 people, while EU
observers say some opposition politicians have been placed under house
arrest.
Amid allegations of heavy-handedness, the government said security forces acted to restore order. |
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World Champion Sebastian Loeb won the Turkey Rally on Sunday, making it
his fourth consecutive win. The French Citroen becomes the first driver
to win the championship four times in a row since 1985. |
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