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Archive for November 15th, 2007Oil prices slide on OPEC demand downgrade, US dataPosted by UK Economy News
In UK financial news
15Nov 07 World oil prices retreated Thursday on easing supply concerns as OPEC lowered its estimate for demand growth and the US government reported a surprise increase in crude stockpiles, traders said.
Read full story British Airways gets rival in battle for Spain’s IberiaPosted by UK Economy News
In UK financial news
15Nov 07 A bidding war for Iberia looked set to begin Thursday after a group of Spanish investors unveiled an informal offer for Spain's flag carrier that rivals a proposal from a consortium led by British Airways.
Read full story Comments Off Fed pumps 47.25 bln dlrs into US banking systemPosted by UK Economy News
In UK financial news
15Nov 07 The Federal Reserve injected 47.25 billion dollars into US money markets Thursday to help ease tight liquidity, the central bank said.
Read full story Comments Off Scottish & Newcastle rejects higher bidPosted by UK Economy News
In UK financial news
15Nov 07 Carlsberg and Heineken increased their bid for Scottish and Newcastle on Thursday, raising the stakes for the UK brewer which again emphatically rejected the offer.
Read full story Comments Off Euro slips against dollar following US inflation dataPosted by UK Economy News
In UK financial news
15Nov 07 The euro slipped against the dollar here Thursday following US inflation that data that analysts said could make it more difficult for the Federal Reserve to cut interest rates.
Read full story Comments Off OPEC says unable to calm runaway oil pricesPosted by UK Economy News
In UK financial news
15Nov 07 OPEC's president said Thursday that "potentially dangerous" high crude prices were beyond the cartel's control as leading members defied pressure to raise their output to help ease the burden of near 100-dollar oil.
Read full story Comments Off British Airways gets rival in battle for Spain’s IberiaPosted by UK Economy News
In UK financial news
15Nov 07 A bidding war for Iberia looked set to begin Thursday after a group of Spanish investors unveiled an informal offer for Spain's flag carrier that rivals a proposal from a consortium led by British Airways.
Read full story Comments Off Oil prices slide on OPEC comments, US dataPosted by UK Economy News
In UK financial news
15Nov 07 World oil prices fell sharply Thursday on easing supply concerns as OPEC lowered its estimate for demand growth and the US government revealed a surprise increase to crude stockpiles, traders said.
Read full story Comments Off Developing countries slam WTO agriculture text as unfairPosted by UK Economy News
In UK financial news
15Nov 07 Developing countries on Thursday dismissed current proposals to free up farm trade as inadequate and unfair but said an overall deal to tear down global trade barriers was still possible.
Read full story Comments Off Scottish and Newcastle rejects ‘inadequate’ new bid by Carlsberg-HeinekenPosted by UK Economy News
In UK financial news
15Nov 07 Brewing giant Scottish and Newcastle on Thursday angrily rejected an improved joint takeover bid from Carlsberg and Heineken as an attempt to get Scottish and Newcastle "on the cheap."
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