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Archive for the 'Uncategorized' CategoryBerlusconi says Alitalia to remain Italian as rescue gathers pacePosted by UK Economy News
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28Aug 08 Prime Minister Silvio Berlusconi said Thursday that a rescue plan put together for near bankrupt flag carrier Alitalia means the company will remain Italian, as he had promised at polls in April.
Read full story US economy sees surprise 3.3 percent spurtPosted by UK Economy News
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28Aug 08 The US economy outpaced expectations as surging exports fueled a second-quarter growth spurt at a 3.3 percent pace, according to data Thursday that analysts say makes recession less likely.
Read full story Comments Off Oil falls as U.S. and IEA ready emergency stockpilesPosted by UK Economy News
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28Aug 08 Oil prices fell more than $2 on Thursday after the U.S. government and the International Energy Agency pledged to release emergency stockpiles if Tropical Storm Gustav disrupted U.S. oil production.
Read full story Comments Off TimelinePosted by UK Economy News
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28Aug 08 (Reuters) - The U.S. Federal Reserve has taken various measures to help strained money markets after a global liquidity crunch erupted in August last year.
Read full story Comments Off Top central banks eye foreign currency collateralPosted by UK Economy News
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28Aug 08 Major central banks are working on new rules to bolster global liquidity flows in times of crisis by accepting assets denominated in foreign currencies, a Group of Ten central banking source said on Thursday.
Read full story Comments Off Oil falls as U.S. and IEA ready emergency stockpilesPosted by UK Economy News
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28Aug 08 Oil prices fell more than $2 on Thursday after the U.S. government and the International Energy Agency pledged to release emergency stockpiles if Tropical Storm Gustav disrupted U.S. oil production.
Read full story Comments Off European oil services profits soar on high demandPosted by UK Economy News
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28Aug 08 European oil services companies Seadrill , AMEC, Hunting, Wellstream and Prosafe all reported big rises in profits on Thursday, as record oil prices drove booming demand from oil producers.
Read full story Comments Off China has head start over West for Iraq oilPosted by UK Economy News
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28Aug 08 China crossed the line first in the race for big oil contracts in post-Saddam Iraq and has gained a head start over Western oil majors in the competition for future energy deals.
Read full story Comments Off Dollar gets a boost from strong US growth figuresPosted by UK Economy News
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28Aug 08 The dollar got a boost against the dollar Thursday from better-than-expected US growth figures which suggested that fears of a US recession may have been overdone.
Read full story Comments Off Energy cos and govts brace for the worst from GustavPosted by UK Economy News
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28Aug 08 Energy companies began shutting down Gulf of Mexico production on Thursday ahead of Tropical Storm Gustav, which could deliver the worst blow to the heart of U.S. offshore oil and natural gas production since 2005.
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